SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 01-11-21
Note: My apologies to the readers as I seem to have missed uploading the article yesterday! Hope this would still help as I have not made any changes after the market has opened today!
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan.
ON MY WATCHLIST FOR THE COMING WEEK
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17671
- Britannia (NS:BRIT)
- BPCL
- Cipla (NS:CIPL)
- Divis Labs
- Hero Motors
- Infosys (NS:INFY)
- Maruti (NS:MRTI)
- Nestle (NS:NEST)
- Shree Cements (NS:SHCM)
- Ultra Tech
- ACC (NS:ACC)
- Apollo Hospitals (NS:APLH)
- Bank Baroda
- CGCL
- HAL
- India Cement
- IRCTC (NS:INIR)
- Lupin (NS:LUPN)
- McDowell
- Metropolis
- Naukri
- OFSS
- PEL
- Pidilite
- Raymond (NS:RYMD)
- Safari
- Salora
- Sanofi (PA:SASY)
- Varun Beverages
- Voltamp
- IGL
- NAM India
SECTORS LOOKING GOOD FOR LONG POSITIONS-
Auto
Consumption
CPSE
IT
MNC
Next 50
Private Bank
PSE
Now that Nifty has breached 18000 on the downside, there are newer opportunities that are coming up. This is a good sign, however, the coming week is going to be a truncated week with only 3 sessions and a Mihirat Trading session taking place. Thus, a clearer picture would emerge only on 8 Nov 21 based on where the market ends. This also means that maybe some of the existing opportunities may not be available at that time. It is up to the trader/investor to make a decision about the same.
I am going to be cautious and would wait till Nifty ends above 18000 as until then we may keep witnessing high volatility and big swings.
Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Here is the Video Link:
https://youtu.be/MMzfagm10HM
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.