SWING TRADING UPDATE - NEW WATCHLIST

Here is the post where i mentioned about 3 live trades.

https://share.gvine.app/pUjNH4n7qnU3kYgM9

SBI - I have added more of SBI at 732 today. If i had 500 quantities, I have added 250 more.

GENERAL INSURANCE - IT went up 25% and gave back all the gains. I am still holding, a good amount of shakeout has happened.

APAR IND - Nice bit of shakeout here as well just around buy price lets see. Still holding.

New positions i am currently building in -

SBI - Added Today RELIANCE - Added Today COAL INDIA- Added Yesterday GAIL - 33% today BPCL - 33% Today HINDPETRO -33% Today J&K BANK OIL INDIA Angel one NIACL KARURVYASA B UFO MOVIES INDIA

For some stock i am using 1 time scale in SBI, Reliance,Coal India. For the names which are stretched i am using a pyramiding approach .ie. 33% in 3 rounds. If the market reverses these stretched names will fall a lot so I don't want to take a lot of risk.

I will keep buying until Nifty is above 50 DMA. The moment i see it slipping below it, I will stop buying.

Its good sign that Nifty Bank is stabilising and trying to move up.

Also the current sector leader .i.e Oil and Gas, Energy, PSU, PSE are recovering well after a fall.