Swing Trading Opportunities for the Week Beginning 17-01-22

  • Stock Market Analysis

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 - 

The indices have performed fairly well this week and the weekly close is also at a good level. The results season has begun on a good note with both Infosys (NS: INFY ) and TCS (NS: TCS ) posting good numbers and closing the week at their respective All-Time High. The market would now be driven more by the release of the quarterly results. It is better to trade/invest in results bound scrips only after the results and not in anticipation of a good outcome. 

The market seems to have for now discounted the Covid as well as Omicron related impacts and seems to be getting into the pre-Budget rally mode. 

I have filtered the sectors based on Monthly candles. Here are the likely candidates for the week - 

SECTORS LOOKING GOOD FOR LONG POSITIONS-

Considering the Monthly Charts, the following sectors look good: NIFTY SPOT at 18255

At this time, I have also chosen sectors with an additional filter of Fibonacci Retracement using the Covid swing low as the base. 

  • Auto
  • Bank Nifty
  • CPSE
  • FMCG
  • Media
  • PSU Bank

The first 4 sectors were present the last week as well and only the last 2 are the new additions.
There are many sectors that are already strongly bullish and these have not been listed above. So if you find a sector bullish on the weekly charts, please check out the monthly as well to confirm its bullishness. 

Considering the Weekly Charts, the following sectors look good:

WEEKLY TIME FRAME- FOR LONG POSITIONS - Nifty Spot at 18255

  • Coal India (NS: COAL )
  • Divis Labs
  • Grasim (NS: GRAS )
  • SBI (NS: SBI ) Life
  • HCL Tech (NS: HCLT )
  • HDFC (NS: HDFC )
  • IOC
  • JSW Steel (NS: JSTL )
  • NTPC (NS: NTPC )
  • ONGC (NS: ONGC )
  • SBI Life
  • Tata Consumer Products
  • PNB (NS: PNBK )
  • Indigo
  • Tata Coffee (NS: TACO )
  • West Life
  • Angel One
  • Avanti Feed
  • IRCTC (NS: INIR )
  • KSCL
  • Nazara
  • Walchandnagar

This week, I have included some other scrips that are part of my watchlist as those seem to offer good risk-reward opportunities. However, not all of them have been screened so you may deep dive into the scrips that you may have on the radar and follow the process covered in this post to filter the candidates for investing/trading. 

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

Here is the Video Link: https://youtu.be/3PXnEAqd62o

The post is purely for educational & informational purposes only.

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  • Anil Thakur @Anil Thakur
    View in ANAND RAYONS
    Like 0
  • Rajesh Kumar Pal @Rajesh Kumar Pal
    view on Nifty
    Like 0
  • Rajesh Kumar Pal @Rajesh Kumar Pal
    view on Nifty
    Like 0
    • Umesh Rindani @Umesh Rindani
      Please check my post on Weekly analysis
      Like 1
    • Umesh Rindani @Umesh Rindani
      Please check my post on Weekly analysis
      Like 0
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  • Namakkal veeramani Premkumaran @Namakkal veeramani Premkumaran
    View on jubliant food sir
    Like 0
    • Umesh Rindani @Umesh Rindani
      Thank you for alerting me. As long as 3800 held, I am ready to put it on my watchlist.
      Like 0
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  • vinay nair @vinay nair
    Good one...👍
    Like 0
    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback.
      Like 0
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