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 9-Oct along with two weeks lists at one time.
Today's list got 5 stocks only.
company symbol today's close price % rise today avg volume
IFBIND 616.5 12.4 181087
MUKANDLTD 42.4 5 71022
SUPPETRO 241.3 9.5 60769
THANGAMAYL 421.3 17.8 108930
TIIL 359.6 6.4 15471
Same table as a picture.
In the secondary list we got 47 stocks. Because we had good market rally today.
company symbol today's close price % rise today avg volume
ADFFOODS 418 5 147807
ALLCARGO 128.9 6 545405
ANUP 595.3 10 19791
APLAPOLLO 2678.3 4.7 100295
ASTRAZEN 4301.6 2.1 117983
BERGEPAINT 582.3 1.3 1641079
BSOFT 190.8 4 3670003
BUTTERFLY 245.4 5 153760
COFORGE 2304.3 9 586297
DCW 15.3 2.7 765531
DSSL 29.2 2.6 12538
ELECTCAST 17.8 1.7 911573
EXCELINDUS 936.5 4.5 48426
GAEL 217.3 7 167518
GRANULES 375.9 4.3 5377862
ICIL 95.6 8.6 552603
IFBIND 616.5 12.4 181087
INDORAMA 23.1 5 34577
INDSWFTLTD 3.6 4.3 18460
INFY 1011.5 3.7 10161880
INTELLECT 205.2 2.7 329410
JASH 180.7 4.1 13746
JUBLFOOD 2314.2 2.3 1140019
KINGFA 499.6 6.3 14560
KOPRAN 83.5 5 537322
MANALIPETC 30.2 11.9 1307342
MINDTREE 1268.9 1.7 1152438
MMFL 344.4 10.7 36487
MUKANDLTD 42.4 5 71022
NATCOPHARM 886.7 4.1 729209
NEWGEN 222.9 6.1 125256
OMKARCHEM 7.8 4 26678
PUNJABCHEM 624 2.8 15328
SABTN 1.5 3.6 8470
SOMANYCERA 180.7 7 147985
SPAL 114.5 5.7 93971
SUBEX 11.7 4.9 1567908
SUPPETRO 241.3 9.5 60769
SURYAROSNI 194.2 4.9 204640
TANLA 261.6 2 764510
TATAELXSI 1266.5 6.6 593053
THANGAMAYL 421.3 17.8 108930
TIIL 359.6 6.4 15471
UNITY 1.1 5 30078
VEDL 137.1 4 19618281
VINATIORGA 1276.3 9.8 263824
ZYDUSWELL 1865 2.3 69561
Same table as a picture.
Commentary:
COFORGE showed up on 22-September list. I am still holding it in my long term trading portfolio. It had its biggest move in a while and also among the IT stocks. In the recent downtrend, only pharma and IT stocks showed some reluctance to fall. Because these are the two sectors that are doing fine in this covid-19 lockdown period.
So knowing a basic idea of how sectors are getting affected and picking the best performing stock in those sectors, one can invest for a larger timeframe. For long term or medium term, till things change and other sectors get favor for another big event later on.
I got an idea today. As Pharma and IT stocks did recently while the market was falling, it overall wasn't too much of a gain due to rise/fall/rise/fall/rise kind of swings, perhaps ORB strategy might do good in those stocks. ORB's flagshit stock is Eicher Motors. But for today's rally it had double whammy. Though it went up by eod, it did a whipsaw before that. That would have led to two stop loss trades and end of trading for the day before lunch time. At the same time, CIPLA would have given a fantastic 3% gain on capital today. Or HCLTECH would have lead to 1.5% without stop loss. But other IT stocks and DRREDDY (that went up a lot recently) would have given double whammy today. Anyway it is better to look at actual data over the two weeks period and study that.
The secondary list is showing that these stocks were to quickly get back from the falls. In case market doesn't fall to new lows from here, these stocks would be good opportunity for short term trading. So I hold COFORGE. In case I sell, I would buy on pullbacks or dips as they say.
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