Since mid of August, I have started doing this as a study so the readers of this blog can learn along with me. I am also giving valuable list of stocks for quick profit. If anyone bought Kiriindus and Trent on the morning of 25th August as they showed up in 24th August list, they would have gotten a profit of 4-6% by evening.
I got inspired for this selection when I once noticed Indigo on daily chart and next day bought its CE at 9 and sold at 18 after few hours. Later traded TNPL, INFIBEAM, DIAMONDYD, JOCIL, BLISSGVS, ATULAUTO, during mid weeks of August and booked about 5% profit in a short time. Every stock may not rise the very next day. But I observed the potential for a rise in the next 10 days, on few stocks over a historical period of five years. Thus I decided to make such list everyday and trade familiar stocks or observe them for building trading watchlists to grow familiarity to trade later.
| company symbol | % rise today | today's close price |
| ABCAPITAL | 5.4 | 65.3 |
| ARIHANTSUP | 4.8 | 24.2 |
| BIRLAMONEY | 8.2 | 41.7 |
| BLUEDART | 8.8 | 2210.2 |
| BOMDYEING | 6.6 | 73.6 |
| CAREERP | 7.3 | 155.2 |
| CEATLTD | 6.5 | 941.5 |
| DCM | 9.8 | 21.9 |
| DCMSHRIRAM | 8.3 | 396.9 |
| DHANBANK | 16.3 | 15.4 |
| EMKAY | 9.9 | 54.2 |
| GFLLIMITED | 5.2 | 103.1 |
| GOKUL | 9.9 | 18.3 |
| JCHAC | 12.6 | 2395.3 |
| JMCPROJECT | 12.5 | 60.1 |
| JMFINANCIL | 2.2 | 82.8 |
| LGBBROSLTD | 11.2 | 277.5 |
| POLYCAB | 5.7 | 919.1 |
| SHREERAMA | 9.3 | 6.5 |
| SUPERHOUSE | 7.8 | 107.1 |
| TVSSRICHAK | 7 | 1583.7 |
| UFO | 8.9 | 84.8 |
Same table as a picture.
There is another benefit from this daily list. It has become like a market statistic of my own. If the list has more than 10 stocks there is no need to worry. It is a stable market. If it gets less than 10 stocks, then we should plan to get out of our holdings and halt trading till broader market stabilizes. By that time Nifty would have pulled back from highs and some global or major bad news would be clearly known.
I concluded this after studying the lists during the January to March timeframe of this year. The list count fluctuated during January and Feb. months. But in March, after second week the counts reduced to less than 10 and there were many days zero stocks showing up.
So in a way it is a good statistic to assess if we should continue to hold the stocks we already bought, buy new stocks or get out before losses become bigger or whatever little profits we can get at that time. However one day exceptions can happen sometimes. Hence we can see if the <10 count happens for 3 consecutive days to decide the trade stop plan.
Today in NIFTY50 we saw auto stocks becoming gainers. I noticed Atul Auto (which came up in the list a week ago) having gained for the last few days. Noticing tatamotors showing >4% gain yesterday with other auto stocks not being gainers, I wondered if Auto stocks would gain today. Sure enough by early morning itself heromotoco, m&m, eichermot were gainers. By end of the day, Tatamotors gained >8% while Heromotocorp too advanced some more from the morning level.
Today Reliance also became a gainer. But from above list, I could not make a pattern. We may not find patterns everyday. In such situations we should not read too much into the data to avoid getting confused.
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