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 28-Sep.
| company symbol | today's close price | % rise today |
| AEGISCHEM | 224.4 | 9.9 |
| AMARAJABAT | 761.5 | 2 |
| AVANTIFEED | 535.4 | 13.4 |
| BAJAJCON | 185.3 | 10.9 |
| BEPL | 63.3 | 8.4 |
| BIRLACORPN | 671.6 | 12.4 |
| BLUESTARCO | 664.5 | 9.6 |
| BSE | 553.9 | 4.5 |
| BSOFT | 182.7 | 9.9 |
| CANFINHOME | 425.8 | 8.8 |
| CENTURYTEX | 376 | 11.2 |
| CERA | 2573.5 | 4.5 |
| CUB | 143.7 | 7.3 |
| ENDURANCE | 1146.4 | 6.1 |
| FDC | 345.1 | 5.6 |
| FINPIPE | 545.2 | 7.8 |
| FOSECOIND | 1343.8 | 9.3 |
| GALAXYSURF | 1910.3 | 7.2 |
| GRINDWELL | 548 | 5.4 |
| HIL | 1698.6 | 1.1 |
| HSIL | 66.7 | 9.1 |
| IEX | 206.3 | 8.4 |
| INDOCO | 245.9 | 11.4 |
| JKCEMENT | 1541.3 | 7.4 |
| JYOTHYLAB | 149.1 | 3.8 |
| KALPATPOWR | 274.6 | 10 |
| KDDL | 155.6 | 2.5 |
| KNRCON | 265.5 | 6.2 |
| LALPATHLAB | 1934.4 | 5.2 |
| LTI | 2651.7 | 6.1 |
| M100 | 18.6 | 5.5 |
| MASFIN | 849.9 | 5 |
| MAYURUNIQ | 290.9 | 5.6 |
| MCX | 1749.1 | 12.5 |
| MINDAIND | 351.8 | 3.6 |
| MPHASIS | 1256.7 | 8.9 |
| NETFMID150 | 66.7 | 3.8 |
| NH | 346.1 | 8.1 |
| NIPPOBATRY | 587.5 | 7.6 |
| ORIENTELEC | 213.6 | 9.9 |
| PERSISTENT | 1154.1 | 14.1 |
| PGHL | 5250.1 | 7.3 |
| QUESS | 410.9 | 10 |
| QUICKHEAL | 140.9 | 6.7 |
| RATNAMANI | 1212.7 | 6.9 |
| SFL | 1512.3 | 7.6 |
| SHK | 85.8 | 7.9 |
| STERTOOLS | 193.9 | 7.7 |
| SUNDARMHLD | 62 | 4.1 |
| SYNGENE | 533.4 | 12.3 |
| TATAINVEST | 849 | 6.4 |
| TEAMLEASE | 2423.8 | 11.1 |
| UCOBANK | 14.3 | 9.6 |
| VGUARD | 178.7 | 6.2 |
| VIPIND | 323.1 | 14.2 |
| VMART | 2046.1 | 8.8 |
| WABAG | 206.2 | 6.3 |
| WENDT | 3593.8 | 10 |
Same table as a picture.
Commentary:
Today is an important day for this list and also the coming days. Not because we got a large list. But because the stocks we see now and in the coming days are the ones that have investor interest in the long run. And we get a lot of that list at a time. Usually sectors keep on rotating week after week so we see stocks from different sectors showing up at different times.
This is all due to a multi-cap rejig. announced by SEBI. As per that min. 25% of Multi-cap funds must be invested in each of large, mid and small cap segments of the markets. As not all equity funds are multi-cap, the impact of this would not be a big deal in the long run. How often do we find a multi-cap fund and get interested in it? Last time I checked, only large caps were showing consistent returns over a longer time period. Multi-cap or small-cap funds are largely negative. So already they are not having much investor interest.
However when such rule is enforced these funds are forced to invest in some small cap companies. As the rule doesn't say invest equal amount in every company on the exchange (which would have been real fun for a day atleast!), funds can select which stocks to invest in. They will select stocks with long term potential. This is the reason we can find some good long term stocks that move from today.
There are many stocks that I know in today's list of 58 stocks, already. Avantifeed, Birlacorp, Bsoft, Finpipe, Jyothylab, Kalpatpower, Lalpathlab, Mindaind, Orientelec, Persistent, Quickheal, Ratnamani, Syngene, Vguard, VIPIND, Vmart, Wabag, Wendt. Some of these showed in the lists in the last two weeks. I am holding Syngene from the lists bought last week that went up nicely today. It also had a news last week because of which it tried to go up but kept falling by end of the day. So I expected it will take time and then go up. Today it broke out reluctantly to 20% gain at the open and kept falling from there.
Now the market is in a nice equilibrium state. We can keep on rotating stocks and trade or stick to few long term stocks till a big disturbance comes up.
IT stocks movement didn't come as a surprise today. Because those stocks didn't participate in the up moves since a month. I took COFORGE last week and it went up in the last two days. I listed Persistent among one of the 7 stocks that I wanted to buy for fast-track trading. As I already had COFORGE from same sector, I didn't buy it and missed the 14% rise in it today. Looks like sometimes we have to buy same sector stocks when there is opportunity in the sector. After few days they diverge and we need to get picky. TIPSINDLTD had fallen today. So I move it to my fast-track watch list.
If you liked this post, you can check any of the Reaction boxes below. If you want to post any questions or share thoughts, feel free to add comments below.
Read the disclaimer on the right side of this blog (in desktop mode) before making any investment/trading decisions.
No comments:
Post a Comment