SWING TRADING STOCKS FOR THIS WEEK (AUGUST 6TH TO 9TH) 0R MWPL STOCKS

SWING TRADING STOCKS FOR THIS WEEK (AUGUST 6^TH TO 9^TH) OR MWPL STOCKS

WHAT IS THE MWPL METHOD IN THE STOCK MARKET?

MWPL is the Market wide position limited.

MWPL contains only option trading stocks.

There are many open and closed contracts available in the MWPL.

Basically, MWPL analysis is an easy way to understand, the two days of data we need (Friday, and Monday).

Data are open sources we can easily downloadable.

 

HOW TO DOWNLOAD MWPL DATA?

Just we all need some data for this analysis.

Do not worry all data are open sources.

Go to the NSE website and download the combined open interest across all exchanges.

NSE INDIA---PRODUCTS---EQUITY DERIVATIVES--- CURRENT MARKET REPORTS---VIEW ALL DAILY REPORTS--- COMBINED OPEN INTEREST ACROSS ALLEXCHANGES.

Open the file to MS Excel and use this formula G2/E2*100.

This is the same analysis for Monday's report too.

We find out two-day reports and we get some percentages using this formula below mentioned

After getting the two-day result do the previous day – current day.

And filter 5% to 7% of the MWPL stock for swing trading and intra-day trading

This strategy is very useful only for swing traders, and it closes the open positions within a weekly expiry.

 

Here is the demo for MWPL analysis.

2^{nd and} 5^th August MWPL analysis:

Here I mentioned that the green colour highlight in the Excel is the MWPL stock

MWPL stocks are 

• ABBOT INDIA LIMITED 
• BAJAJ AUTO
• Bank of Baroda
• BHARAT ELECTRONICS LIMITED 
• COLGATE 
• CUMMINS INDIA
• NATIONAL ALUMINIUM 
• PUNJAB NATIONAL BANK