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 26-Oct along with two weeks lists at one time.
Today's primary list has 9 stocks showing up.
company symbol today's close price % rise today avg volume
BSL 26.4 2.5 10390
CAPACITE 136.7 8.8 120523
CENTRUM 17.1 2.4 590631
COUNCODOS 1.4 16.7 28827
EXPLEOSOL 570.7 10.4 34507
JSL 51.4 18.5 958075
JSLHISAR 94.4 8.9 577327
LICNETFGSC 21.7 1.8 10263
LICNFNHGP 124.2 6.6 318
Same table as a picture.
In the secondary list we got 37 stocks.
company symbol today's close price % rise today avg volume
AAVAS 1485.3 1.7 140166
AMBIKCO 716.6 1.3 14751
ASAHIINDIA 227.1 1.7 79488
ASIANPAINT 2077.8 1.3 2398083
BSL 26.4 2.5 10390
CAPACITE 136.7 8.8 120523
CENTRUM 17.1 2.4 590631
CERA 2541.9 1.3 7175
COUNCODOS 1.4 16.7 28827
EXPLEOSOL 570.7 10.4 34507
GAEL 115 0.5 317590
GNA 245.3 2.8 135393
GRANULES 393 3.9 4882660
ICEMAKE 58 5 13007
ICRA 2838.5 0.2 3362
INDIAMART 5005.1 0.1 216795
IVC 4.3 4.9 111373
JSL 51.4 18.5 958075
JSLHISAR 94.4 8.9 577327
JUSTDIAL 416.3 0.2 1325828
KANANIIND 3.9 9.9 5157
LALPATHLAB 2179.3 6.1 190412
LFIC 61.9 4.4 2296
LICNETFGSC 21.7 1.8 10263
LICNFNHGP 124.2 6.6 318
MANGALAM 149.1 1 123092
MARUTI 7136.6 1.1 1197343
MASTEK 887.4 1.4 335191
METROPOLIS 2004.1 1.9 145363
MPHASIS 1395.8 0.9 427632
NAGREEKEXP 14.7 2.8 16102
NITINSPIN 42 5.1 71493
SHARIABEES 312.3 3.3 1239
SONATSOFTW 334.2 2 458614
SRF 4372.9 2.5 291303
STAR 716.3 0.9 2059082
TRENT 702 3.3 774565
Same table as a picture.
Commentary:
Today coforge made the biggest move with volumes. Friday i wondered why it did not yet make such a move which would have signalled a sale. But i thought it was lagging. coforge is still a midcap. And that too an IT stocks. IT stocks make deceptive moves which make it confusing for my trading style. It is not the first time i sell IT stocks for small profit to see them rise further just afterwards. Many other sector stocks are well suited to my trading style. For these kind of things it is better to sell half once then hold the rest till the day crazy wild price jump happens.
IT sector is historically such a sector that it will do well when rest of the economy is in trouble. Earlier it used to exchange rate. With low value of rupee, it benefits while the rest of sectors struggle. If economy does well, IT gets into trouble because of increasing currency strength. Now in a pandemic when most of the sectors are struggling IT sector shines. It is historically the same pattern. For IT stocks to flourish whole economy has to get shattered. It is nothing new with Indian IT sector. That is why its patterns are whipsaw type and don't lend well to my trading style.
However we can be cautious and study good stocks in some sectors that show up in the list, and trade them. I was just thinking of granules as the next good bet over the weekend. It is already up and shown up in the second list. It means its uptrend is intact.
One lesson that is very important to learn is that we should avoid thinking "shoud have, could have, would have". These can ruin our trading. We could continue watching the old stocks that we missed and wait till they reach peak and get trapped there eventually. Even a good situation can be messed with double guessing thoughts. Once a trade is done, it is done. We should move on and look for next good bets. That is the idea based on which I started this blog. So this is not first time experience for me. Had these experiences from 2007. But we will do well if we are always looking ahead, preparing for next opportunity.
Trent is also a good opportunity. I don't like textiles sector but it is a stock with investor interest so it has good potential than many stocks in textiles/fashion.
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