| Racing Ferrol beat Eibar 3-1 (H) on 20 Dec 1953 |
| Eibar beat Lleida 1-0 (A) on 22 Nov 1953 |
| Lleida beat Barakaldo 4-2 (H) on 4 Oct 1953 |
| Barakaldo beat Sabadell 4-0 (H) on 6 Dec 1953 |
| Sabadell beat Gimnástica Torrelavega 3-0 (H) on 13 Dec 1953 |
| Gimnástica Torrelavega beat Leonesa 1-0 (H) on 20 Dec 1953 |
| Leonesa beat España Industrial 3-2 (A) on 22 Nov 1953 |
| España Industrial beat CP La Felguera 1-0 (A) on 20 Dec 1953 |
| CP La Felguera beat Logroñés 3-2 (H) on 13 Sep 1953 |
| Logroñés beat Real Avilés Club Fútbol 6-2 (H) on 6 Dec 1953 |
| Real Avilés Club Fútbol beat Caudal Deportivo 2-0 (A) on 13 Sep 1953 |
| Caudal Deportivo beat Real Zaragoza 1-0 (H) on 27 Sep 1953 |
| Real Zaragoza beat Salamanca 4-3 (A) on 29 Nov 1953 |
| Salamanca beat Escoriaza 5-0 (H) on 4 Oct 1953 |
| Escoriaza beat Alavés 4-1 (H) on 20 Dec 1953 |
| Alavés beat Racing Ferrol 6-0 (H) on 13 Dec 1953 |
HWC: Thick arrows show the earliest chain of wins that passes through every team and returns to its start.