Nifty’s moves in the coming week are likely to be based on expectations of RBI’s interest rate announcements. As the September F&O expiry is also likely to happen in the coming week, all traders may consider trading with extreme caution and very low volume.
Suprajit Engineering Limited (NSE Symbol: SUPRAJIT)
22.09.2022 Price: Rs.340.80
can buy
The stock took support at 329 and is currently at 340. There is a technical stone environment to go back to the 348 and 360 levels only if the volatility decreases and the market picks up again. As the support level is only at 328 and 310, it is better to avoid trading if volatility increases.
Minda Corporation Limited (NSE Symbol: MINDACORP)
22.09.2022 Price: Rs.219.75
can buy
MACD (12,26) stands at -0.08 and Relative Momentum Index stands at 49.15. If the market picks up with volume, it is likely to go back up to the 233 level. Only highly risk-averse traders can consider trading this stock as support is likely to be found only at 211 and 207 levels on the downside.
Tata Consumer Products Limited (Nse Symbol: Tataconsum)
22.09.2022 Price: Rs.803.20
can buy
It took support at 760 and almost touched 830 and is currently closing at 803. If the stock meets a bullish trend with volume and a possible return to 827. If there is high volatility in the market, only traders with high risk appetite can consider this stock for trading. High-risk traders can keep an eye on this stock with a levellite strict stoploss of 792.
Mazagon Dock Shipbuilders Limited (NSE Symbol: MAZDOCK)
22.09.2022 Price: Rs.460.15
can buy
Rate of Change stands at 15.49 and MACD (12,26) stands at 33.79. If there is an upswing along with the volume, there is a possibility of going back to the 472 level. High-risk traders should pay attention to this, as it is necessary to increase volume. A minor support at 453 and a break beyond that at 446 is likely, so only high risk takers can consider trading this stock with very limited number of strict stoplosses.
Warning: This section is for traders who trade using technical analysis on a weekly basis. Readers should consult a SEBI registered investment advisor before trading.