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.
Today's short term selection list for short term study (2 weeks timeframe). Their performance will be reviewed after 22-Oct along with two weeks lists at one time.
Today's primary list has 13 stocks showing up.
company symbol today's close price % rise today avg volume
BALPHARMA 54.8 19.9 58210
BFUTILITIE 270.6 6.5 282525
DSSL 31.6 9 13113
GPIL 317.3 2.4 172228
JAGSNPHARM 41.1 8.6 114476
JUSTDIAL 434.9 12.8 1278788
MOREPENLAB 29.6 18.6 2498405
MPHASIS 1414.4 5.7 428096
NAGREEKEXP 14.6 7.4 15945
PFS 19.6 7.7 1493515
REPCOHOME 199 14 556153
TAINWALCHM 58.9 20 9551
ZENITHEXPO 44.4 7.1 993
Same table as a picture.
In the secondary list we got 56 stocks.
company symbol today's close price % rise today avg volume
ADANITRANS 281.6 3.5 603300
ASAHIINDIA 226.3 4.1 78424
BALPHARMA 54.8 19.9 58210
BANG 19.1 3 3890
BANKBEES 232.9 1.1 922246
BANKNIFTY 23191.3 1 57905
BFUTILITIE 270.6 6.5 282525
BIOCON 469.1 3.8 5346347
CENTEXT 4.1 9.3 155829
CENTRUM 16.9 0.6 590756
CIPLA 811.5 4.9 9542394
CNXPHARMA 12209.2 2.5 57905
DEN 81.9 3.9 157931
DIGJAMLTD 3.1 5 39422
DSSL 31.6 9 13113
GAEL 115 0.6 318598
GPIL 317.3 2.4 172228
GSFC 66.3 1.5 1277794
ICICIBANK 387.5 1.3 32671058
ICICIBANKN 230.5 1.1 14462
JAGSNPHARM 41.1 8.6 114476
JETAIRWAYS 30.1 4.9 60619
JUSTDIAL 434.9 12.8 1278788
KARDA 105 5 75618
KEC 347.6 0.6 485187
KECL 11.9 6.7 101409
KOPRAN 88.6 0.9 539563
KOTAKBKETF 233.5 0.9 374403
LUXIND 1464.3 2.9 88533
LYKALABS 20.7 5.1 22391
MAHESHWARI 196.8 4 58954
MARUTI 7079.9 0.5 1241183
MASTEK 885.5 1.5 374314
MOREPENLAB 29.6 18.6 2498405
MPHASIS 1414.4 5.7 428096
NAGREEKEXP 14.6 7.4 15945
NBIFIN 1648.3 3.7 2548
PFS 19.6 7.7 1493515
REPCOHOME 199 14 556153
RSWM 96 2.7 25338
SETFNIFBK 230.5 0.7 128814
SOBHA 266.6 2.9 467837
SOFTTECH 65 3.3 10784
SOMATEX 3.3 6.6 14503
SOUTHWEST 27.8 2 68393
SUNDRMFAST 439.9 1.1 95711
SURYALAXMI 18.1 2.3 5774
TAINWALCHM 58.9 20 9551
TBZ 39.4 3.1 312943
TEAMLEASE 2362.6 3.2 43913
TORNTPHARM 2866.4 1.9 912142
TRIVENI 78.2 1.6 820304
VIDEOIND 2.5 4.1 343202
VISAKAIND 350.3 4.6 94256
VOLTAS 692.3 2.2 2175106
ZENITHEXPO 44.4 7.1 993
Same table as a picture.
Commentary:
Today I bought Alkem and Jbchempharm. Jb chemicals and pharmaceuticals showed up in the list yesterday. I felt these two stocks fundamentals are good although both from almost the same pharma sector. But then this NIFTY's straight up rally is fueled by only IT and pharma sector stocks. They are still the bets to hold.
Alkem has risen earlier and I traded earlier. It has consolidated for few weeks. It has underperformed the market. So any fall in it is a good opportunity to buy as it is fundamentally good as well.
Jbchempharm was going up late and fell quickly as NIFTY fell three weeks ago. It is consolidating and likely to rise if NIFTY is table or just be range bound if NIFTY keeps falling. These late risers can be dangerous but fundamentally this was ok to buy on dips as well. But the same late risers can be later multibaggers too so it is worth taking a chance. I did such a thing with Tanla. Holding only Tanla during the crash of March having bought it at 60-80 range. It is now near 300 levels. It was late rising and used to be in the range of 30-40 before 2018.
In these times, it is better to take some long view as well just in case we get trapped. Many other stocks will change ranges and won't give second/third chance to get out. It is the same mindset of all investors that drives many stocks lower and lower as market becomes trendless.
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