Swing Trading Opportunities for the Week Beginning 14-2-22

  • Stock Market Analysis
  • Editors Pick
UMESH RINDANI

SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 14-2-22

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.

Some readers feel that I am simply listing down several scrips so that if they go up I can claim so. This is not the case - I am not here to score any points. I am sharing my weekly analysis and if you like it, read it and if you do not agree, I am fine with that.

ON MY WATCHLIST FOR THE COMING WEEK

Important -

During the week, Nifty made a high of 17639 and also closed after the weekly expiry above 17600. Earlier in the week, Nifty also made a low of 17040 so the 599 points recovery was seen as a great relief.

However, the tables turned as soon as the market opened on 11-2 and Nifty reversed the gains as it fell to retest 17300. The global cues have impacted our indices more than the US indices which are the mother indices to the global indices.

India VIX has itself seen intense volatility which again is derived from its US counterpart and unless things stabilize in the US, our Vix will keep rubbing itself on the gains made.

So please be cautious in your approach - we need to survive first and then thrive.

SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 17374

From this week, I am condensing the analysis to list out the sectors after doing Monthly, Weekly, and Daily Charts analysis. This means that not all the sectors may get listed here and only those sectors that I find good on a weekly chart basis have been listed here. Also, the monthly candle for Feb 2022 is not entirely dependable as it only has 9 days of data in it.

Nifty
CPSE
Energy
IT
Metal
Private Banks.
PSU Banks
Realty

  • There is a big change in the way the sectors have been stacked up. FMCG, PSE & Realty are no longer bullish on the monthly charts.
  • Only CPSE and Energy are still bullish on the weekly charts.
  • On Weekly as well as Daily charts, there are several sectors that have Moving Average based or RSI resistances.
  • The sudden change may be on account of today’s price action when the market tanked from the close of 10-2 of 17605 to the low of 11-2 at 17303.

WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 17374

Asian Paints (NS: ASPN )
Axis Bank (NS: AXBK ).
Bajaj Auto (NS: BAJA )
Britannia (NS: BRIT ).
Coal India (NS: COAL ).
Grasim (NS: GRAS )
HDFC Bank (NS: HDBK )
Hindalco Industries Ltd. (NS: HALC )
ICICI Bank (NS: ICBK )
Indian Oil Corporation Ltd (NS: IOC )
JSW Steel (NS: JSTL )
NTPC (NS: NTPC ).
Reliance (NS: RELI ).
Tata Steel (NS: TISC ).
Federal Bank (NS: FED )
Biocon (NS: BION )
Cyber Media India Ltd (NS: CYBM )
Omaxe Ltd (NS: OMAX )
Dmart (NS: AVEU ).

In view of the ongoing wild swings, I have restricted the number of scrips that have been listed above as I have made a conscious attempt to filter out the ones where I would not invest. As a result, the number of scrips listed here is fewer compared to the usual weekly listings.

Please note that via this post, I am making an attempt to showcase how one can analyze sectors and scrips using different timeframes, and therefore, I have included only a limited number of scrips as part of the watchlist. Using this approach, I recommend that you analyze the scrips that you have on your watchlist.

I may / may not take these trades as not every opportunity should / can be traded.

Here is the Video Link:
https://youtu.be/fCY2OJn4HGo

The post is purely for educational & informational purposes only.

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  • Prakash K Nayak @Prakash K Nayak
    Tata Steel will be back to 1265 this week only
    Like 0
  • @
    all gone
    Like 1
  • Shubham Shinde @Shubham Shinde
    sir what about bank nifty. abg shipyard scam ka impact?
    Like 0
    • Umesh Rindani @Umesh Rindani
      Sorry I checked this now and it's too late for a response as market has reacted already. Thank you for the feedback.
      Like 0

      • Comment Guidelines

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  • Ilyas Ahmed @Ilyas Ahmed
    can u give me your opinion on Tata steel 1280ce feb, wt will be the target for this month. Thanks
    Like 0
    • MAYUR SHAH @MAYUR SHAH
      1290-1345 max for feb series
      Like 0
    • Indranil Ganguly @Indranil Ganguly
      @Ilyas Ahmed 1350 ,stock is bullish...50/200MA shows uptrend with pivot levels R1 will be broken sooner....
      Like 0
    • Umesh Rindani @Umesh Rindani
      @Ilyas Ahmed Please be careful while holding overnight positions in view of the ongoing volatility. Unless you can fund additional ,margin till the expiry, latest by 18-2, the position would need to be exited.
      Like 1

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  • JP Paul @JP Paul
    can you give me your inputs on SRF as I have taken 2520 CE
    Like 0
    • Umesh Rindani @Umesh Rindani
      I don't track the scrip and from what I understand it's Options are not so liquid. However, the scrip has the potential to move rapidly on its day.
      Like 2

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  • shashi patel @shashi patel
    good 👍
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  • shashi patel @shashi patel
    good 👍
    Like 0
    • Umesh Rindani @Umesh Rindani
      Thank you
      Like 0
    • Rameshwar Ojha @Rameshwar Ojha
      thanks for sharing your analysis
      Like 1
    • Umesh Rindani @Umesh Rindani
      @Rameshwar Ojha You are welcome
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