Saturday, August 5, 2023

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Stock Selection List from 04-Aug-23


The daily list is good for finding stocks that have just started rising and so there is room for more rise in the immediate future. They can also give second chance to exit if market is not in good shape. As proven time and again, these also help finding stocks early on before they take off. Some examples of that are Justdial (120%), Somanycera (200%), Adanigas (350%), CGCL (150%), Saregama (300%), Prajind (300%), etc.

This day's primary list:
company symbol today's close price % rise today avg volume avg. turnover in cr.
AHLEAST 130.3 4.5 6808 0.09
AROGRANITE 49.4 14.2 57600 0.28
AURUM 134.3 5 125856 1.69
BANG 48.7 12.1 51380 0.25
BRNL 31.9 5.5 76451 0.24
COMPUSOFT 22.6 15.1 135595 0.31
DBSTOCKBRO 29.1 20 32530 0.09
GFLLIMITED 59.1 5 178199 1.05
INNOVANA 385.9 5 9544 0.37
KAYA 377.3 5 29867 1.13
LICHSGFIN 426.6 8.2 2969338 126.67
NBCC 47.5 8.2 10498623 49.87
NRAIL 310.8 7.7 21545 0.67
OPTIEMUS 267.4 20 321300 8.59
PUNJABCHEM 983.7 10.3 41380 4.07
QUICKHEAL 191.2 20 149873 2.87
RELIGARE 190.9 8.4 961313 18.35
RTNINDIA 47 10.1 2463770 11.58
SIRCA 395.7 8.2 177683 7.03
SMLISUZU 1228.1 12.1 97934 12.03
STEELCAS 528.9 5 39227 2.07
SUPERSPIN 7.9 10.5 94854 0.07
TECHIN 10.9 5.8 19568 0.02
TNIDETF 63.6 3 26081 0.17
VIDHIING 420 7.3 34623 1.45

Note:
This week market made interesting movements. US markets fell on credit rating downgrade for US economy. Our market also fell for the same reason on Wednesday. That day itself mid and small caps, the broader markets, fell a lot more than nifty. I felt the weakness is setting in after several months of bull run. But the last two days has violent moves in some stocks. My strategy to trade has changed since the last year war. While the list is quite helpful, when to wait and when to buy/sell also had to be learned from experience.

The broader market might face weakness. But the resiliency will return after one or few quarters. The same violent up-moves will happen again sequentially across the board. One of my friend was saying that while in 2020 bull run 2cr new demat accounts got opened, in the last 4 months bull run 1cr demat accounts got opened. I was waiting through feb/march months for this patiently for the budget madness and tax harvesting season to end. Once it ended the pent up positive sentiment caught up wildly for the subsequent 4 months.

Read the disclaimer before making any investment/trading decisions.

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