Stocks For Swing Trading For The Next Few Days From 6th October 2022

Earlier this week, Nifty hit a low of 16855 & ended 3-10 at 16887. The next trading session witnessed a gap-up opening at 17147, followed by a continued rally. This was a total reversal of fortunes and all the hard resistances had been jumped over by Nifty in a matter of only a few hours. 

Similar was the case with Bank Nifty which had been underperforming to Nifty for the last few days. Bank Nifty made a low of 37386 on 30-9 and a high of 39177, ending at 39110 on 4-10. This was a massive change of sentiment on account of short-covering. 

Often, such moves have faded into bearishness upon opening after a trading holiday so I am keen to see if the day low of 4-10 would be held on to by the indices. Around 1900h on 5-10-22, SGX Nifty is showing a +15 reading. Only when our markets start ticking tomorrow will we know where we are heading. 

So these stock opportunities may also be viewed with that in mind. I have listed down only those that are on my radar and those that offer a better risk-reward opportunity.

1. Adani Ports (NS: APSE )

2. Bajaj Auto (NS: BAJA )

3. Divi’s Labs (NS: DIVISLAB)

4. Dr. Reddy’s (NS: DRREDDY)

5. Infosys (NS: INFY )

6. Reliance (NS: RELI )

7. TCS (NS: TCS )

8. Clariant Chemicals (NS: CLAC )

9. Nazara (NS: NAZARA)

10. Zomato (NS: ZOMT )

11. Vedanta (NS: VEDL)

12. Auro Pharma (NS: AUROPHARMA)

13. Godrej Properties (NS: GODR )

14. Tata Metaliks (NS: TMET )

15. L&T Infotech (NS: LRTI )

16. RS Software (NS: RSSOFTWARE)

17. Jubilant Foodworks (NS: JUBI )

18. Delta Corp (NS: DELT )

19. Bandhan Bank (NS: BANH )

20. Zydus Life (NS: ZYDUSLIFE)

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.

I may / may not take these trades as not every opportunity should / can be traded. This could be on account of funds availability or my reaching the max risk limit or simply because I may not feel like taking the trade.

We must remember that we can never catch all the moves in all the stocks or indices. We should be content with seeing what is best possible in line with our risk management approach as preserving capital should be the topmost priority.