Swing Trading Opportunities for the Week Beginning 23-5-22

  • Stock Market Analysis
  • Editors Pick

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 were on a see-saw ride during the week. The India Vix was on a roll and at some stage was trading well above 25 which aggravated the panic factor in the market and made things even more difficult. One day up, the next day down, and then back again up is how markets have moved and in such a situation, it is extremely hard to make any meaningful investment decisions.

As a result, swing trading is the only way to move forward until the indices stabilize and one would need to be content with ROI of 1-4% over a period of a few days as any gains made in such markets would be a great thing to take home.

Nifty ended the week with the highest close at 16266 and Bank Nifty ended just short of the highest close of 34301, at 34278. This is a good sign. However, if SGX Nifty is any indication, at one stage in the late evening of 20-5, it was down by 175+ points and it finally ended the week down 75+ points.

And this week is going to be the monthly expiry of the May series so we are likely to see even greater volatility in the week ahead. So, please take good care of your positions and focus on strong names that have either not fallen during the downfall or on those that have a better risk to reward ratio.

SECTORS LOOKING GOOD FOR LONG POSITIONS- NIFTY 16266

This is a condensed list after reviewing Monthly, Weekly, and Daily Charts. As such not all the sectors may get listed here.

  • I have analyzed the sectors in 3 parts:
    • None of the sectors appear bullish on the weekly charts.
    • Those that appear bullish on the monthly charts and have some sort of support from the other types of indicators:
      • Nifty
      • FMCG
      • Infra
  • The following sectors offer somewhat inferior entry opportunities as either their monthly or weekly charts are not appearing bullish enough but some other parameters indicate that these may move up:
    • CPSE
    • Commodities
    • Consumption
    • Energy
    • Media
    • Metals
    • MNC
    • PSU Banks

WEEKLY TIME FRAME- FOR LONG POSITIONS IN STOCKS - Nifty Spot at 16266

Adani (NS: APSE ) Ports
Axis Bank (NS: AXBK )
Bajaj Auto (NS: BAJA )
Bajaj Finserv (NS: BJFS )
Bajaj Finance (NS: BJFN )
Bharat Petroleum Corp. Ltd. (NS: BPCL )
Cipla (NS: CIPL )
Coal India (NS: COAL )
HDFC (NS: HDFC )
HDFC Bank (NS: HDBK )
Hindalco (NS: HALC )
JSW Steel (NS: JSTL )
Sun Pharma (NS: SUN )
Tata Motors (NS: TAMO )
Tata Steel (NS: TISC )
Wipro (NS: WIPR )
Dmart (NS: AVEU )
Indigo Paints Pvt Ltd (NS: INDG )
Angel One Ltd (NS: ANGO )
Alembic Pharmaceuticals Ltd (NS: ALEM )
Bayer (ETR: BAYGN ) Crop
Clariant Chemicals India Ltd (NS: CLAC )
GAIL (NS: GAIL )
Jubilant Foodworks Ltd (NS: JUBI )
Omaxe Ltd (NS: OMAX )
Trent (NS: TREN )

For taking trades with a high probability of success, it is best to find a stock that fits into the bullish sector on monthly as well as weekly charts and once that is done, entry can be decided after considering the daily charts set-up. I leave the last step for you to perform.

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/FvN6O6cAu9Y

Note: The post is purely for educational & informational purposes only.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Rajaram Valvake @Rajaram Valvake
    So nice Analysis Nifty this week nifty up to 600 to 800 point up to monthaly expiry.
    Like 1
  • Rajaram Valvake @Rajaram Valvake
    So nice Analysis Nifty this week nifty up to 600 to 800 point up to monthaly expiry.
    Like 1
  • Rajaram Valvake @Rajaram Valvake
    So nice Analysis Nifty this week nifty up to 600 to 800 point up to monthaly expiry.
    Like 2
    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback.
      Like 0
    • DS Jain @DS Jain
      Very useful and does guide the readers to get the right stocks to trade.
      Like 0
    • Umesh Rindani @Umesh Rindani
      Thank you for the feedback. I am glad that you found it useful.
      Like 0
    • Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

      Error: File type not supported

      Drop an image here or

      100

Related Articles