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 5-Oct along with two weeks lists at one time.
company symbol today's close price % rise today
GOCLCORP 201.7 9.6
HERCULES 96.2 3.7
KANORICHEM 39.8 8.6
SASKEN 639 8
Same table as a picture.
On days like this big fall day, I have decided to put a bigger list as we see good opportunities and some of them get missed simply because of my refining the list. Here I also add avg. volume that can help for further filtering as short term is best on the high volume, high volatile, large cap stocks which respect support/resistance levels giving good trading opportunities.
Here is the table for the secondary list.
company symbol today's close price % rise today avg volume
BANARBEADS 54.5 1.2 27887
CAMLINFINE 93.6 1.4 648526
GOCLCORP 201.7 9.6 34477
HERCULES 96.2 3.7 171181
KANORICHEM 39.8 8.6 60385
MAJESCO 764.8 1 151188
SALASAR 190.4 4.4 37610
SASKEN 639 8 73584
SOMATEX 3.2 4.9 15853
Same table as a picture.
Commentary:
As we are still in negative sentiment with only remnant effect showing some positive movement, today's big fall was not a shock, despite the reasons. So no more trading till the sentiment decisively changes to positive.
However I thought of some better ways to filter these stocks. One is above secondary list on days like today. Another I will study some fundamentals. For them daily posting won't be required. Few such stocks every few days would be good.
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