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-Sep.
| company symbol | today's close price | % rise today |
| BSOFT | 173.8 | 6.6 |
| CAREERP | 169.1 | 11.5 |
| GANGESSECU | 38.1 | 1.7 |
| GARFIBRES | 1953.7 | 0.3 |
| GENESYS | 53 | 4.2 |
| HATSUN | 792.3 | 6.1 |
| MAHESHWARI | 173.2 | 5.9 |
| MASTEK | 725.9 | 4.1 |
| MCLEODRUSS | 21.3 | 4.9 |
| RAMASTEEL | 38.9 | 1.3 |
| SONATSOFTW | 318.6 | 3.9 |
| TEJASNET | 67.6 | 5 |
Same table as a picture.
Commentary:
Today's list count is 12. Today several stocks showed up that I have seen before. TAJASNET, CAREERP, GENESYS, HATSUN, MASTEK, MCLEODRUSS, BSOFT, SONATSOFTW. Of these I noted CAREERP few months ago around the same time I noted JOCIL. At that time both went up simultaneously. Recently CAREERP is going up repeatedly but JOCIL is not. MCLEODRUSS is known from many years ago. Its price close to 20 shows the signature of current Govt. handling of the economy. A friend used to talk about Tejas Networks. Recently a friend mentioend that I wouldn't find BSOFT and GMMPFAUDLR. GMMPFAUDLR I know many months ago. It was one of the top gainers of 2019. BSOFT showed up now. It must have come in this list earlier if it was rising at any time.
Now you can see the list gets some stocks that do well in the long term as well as those that are going up for the time being. This is the reason why I limited the timeframe to two weeks only. Short term trader is like a fisherman who doesn't go far away from the coast. Lest he will get swept across the ocean. Then he can come back the next day again to repeat the activity. He doesn't catch big fishes or whales or sharks. But he will keep going.
I have actually started this list with intention to find stocks that go up a lot in the short term. If it is really like short term trading similar to a short fisherman, then I guess, I need to do some more filtering to separate whales from these small fishes. Further filtering is required for enhancing the gains of trading from these stocks. I need to find out how to note stock like CAREERP early on. Two months ago it was around 150 and falling. Went down till 125 and then went up. Took a break around 135 and went up again. It showed up in our lists on 26-August list when it was at 155.2 Even from there 169 in less two weeks is good. But as I always used to note it along with JOCIL which was not doing well recently, I hesitated to consider for trading. Now I missed.
Anyway, it also looks like when market sentiment clearly changed, we can wait for a pullback to buy these stocks. A couple of days of good fall. Then wait for the second rise to get out. Backtesting this scenario of trading is difficult. I did this way for CINELINE. The day after it showed up in the list, it fell badly. So I bought it. Had I waited for two days, I would have gotten even lower price. Anyway that time people were waiting for news of next round of unlock speculating that some more unlocking happens for movie halls. Hence CINELINE, INOXLEISUR were going up then. After unlock news came out which was not opening up cinema halls as much as expected (multiplexes still restricted), these went on pullback. So knowing news is also one way to filter from these stocks. We can time the exit based on rumor and date of announcement of news and avoid if such information is not clear or date is not known.
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