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 19-Oct along with two weeks lists at one time.
Today's primary list has 15 stocks showing up.
company symbol today's close price % rise today avg volume
ANANTRAJ 36.3 15.8 433339
CONFIPET 24.3 14.9 386626
CREST 88.8 0.5 21104
GSCLCEMENT 32.4 17.2 173262
GSS 34 5.6 385384
HATSUN 839.5 7.6 61324
HFCL 17.5 10.8 5067959
HINDCOMPOS 199.6 11.1 8891
MANINFRA 28.3 8.7 862220
RSYSTEMS 130.7 16.7 89078
SHOPERSTOP 190.4 5.1 339063
SRHHYPOLTD 187.2 10 21524
TATASTLLP 329.9 2.9 54197
WELENT 75.8 11.2 224605
ZENSARTECH 196.6 2.2 384902
Same table as a picture.
In the secondary list we got 59 stocks.
company symbol today's close price % rise today avg volume
ALPA 31.4 4.8 158457
AMBER 2088.8 2.2 352482
ANANTRAJ 36.3 15.8 433339
APOLLOTYRE 134.9 1.5 8909071
ARROWGREEN 50.6 1.3 10288
ASIANTILES 304.9 5.2 279296
BHAGYAPROP 23.1 0.7 31386
CADILAHC 414.1 4 5265762
CELEBRITY 5.2 8.4 65804
CENTURYPLY 174 6.6 609874
COLPAL 1452 0.8 710780
COMPINFO 15.7 1 194008
CONFIPET 24.3 14.9 386626
CREST 88.8 0.5 21104
CUB 144 1.8 2829594
EKC 30.6 5 192324
ESTER 81.5 5 313436
GDL 97.5 4.4 160369
GKWLIMITED 525 2.9 242
GPIL 313.7 2.2 174446
GSCLCEMENT 32.4 17.2 173262
GSS 34 5.6 385384
GUJAPOLLO 232.7 4.3 21028
HATSUN 839.5 7.6 61324
HDFCBANK 1114.3 0.7 12115004
HFCL 17.5 10.8 5067959
HINDCOMPOS 199.6 11.1 8891
ICICILOVOL 97.5 0.9 95443
ICICINV20 59.4 1.9 7549
IEX 215.8 4.7 1549781
KESORAMIND 44 2.1 295117
MANGALAM 145.7 5 108646
MANINFRA 28.3 8.7 862220
MARICO 376.9 4.1 2781370
MARKSANS 54.3 4.9 2554154
MBLINFRA 8.8 4.7 57100
NETFNV20 61.4 2.1 5545
NEWGEN 222.5 1.3 87244
NH 355.9 2.4 234335
PALASHSECU 35 4.9 2431
PGHL 5290.4 1.1 30320
PILITA 6.7 2.3 70182
RELIGARE 46.1 1.3 666825
RSYSTEMS 130.7 16.7 89078
SAKSOFT 382.1 5.7 125108
SANDHAR 252.8 1.9 47724
SHOPERSTOP 190.4 5.1 339063
SIEMENS 1278.4 1.4 785179
SIMPLEXINF 33.8 5 171404
SOUTHWEST 28.1 3.5 61569
SRHHYPOLTD 187.2 10 21524
SUTLEJTEX 27.4 4 158377
TATASTLLP 329.9 2.9 54197
UNICHEMLAB 263.1 5.9 196205
UNITY 1.1 4.8 29242
WELCORP 117.3 5 1184136
WELENT 75.8 11.2 224605
WOCKPHARMA 317.9 5 900743
ZENSARTECH 196.6 2.2 384902
Same table as a picture.
Commentary:
The list keeps getting bigger as the number of days increases before market makes new low breaking previous low. This is what I have termed as "pace". I have come up with this term while studying charts of stocks during the end of 2018 and first quarter of 2019. Because it was very difficult in those years with persistently falling market I couldn't get out without booking huge losses. The pace concept helped me realize that faster the pace (lesser number of days in the gap), the worse is the downtrend.
Once you detect the pace, first thing to do is to decide to get out. Then you won't add any more to existing positions. If pace is detected in broader market, no fresh positions into any stocks. Just a pause to the trading altogether and a plan to get close existing positions. Observe technicals of the market, check news, understand their impact on sectors and decide if any stock might give second chance or not. Based on that decide to hold stocks that can give second chance to exit with some higher price than current level and close which may not. What happens after these decisions doesn't matter. For the current position, you need to make the plan. Once it is executed even if the expected scenarios don't happen, we will have to start over again after sentiment decisively changes with new stocks after understanding which sectors would do best next.
Always the best market is late towards the end of the bull market. That is why IPOs come out after a good rise in the market. Never after a fall. The biggest IPOs make news as they come out just before major crashes. Reliance Power IPO in 2008 was that example. In fact, taking you company public is the best way to grow your money fast. Some people do that only. They start many companies and whichever has grown well, they take it public for even more gain.
What we do in the stock market is to make some gain and usually we have the most risk. Even more risk to try short term, ultra short term or day trading. People take huge risks for the smallest moves because to make decent gains from smallest moves requires biggest exposure. For big % moves in stock, one doesn't need to buy huge quantity of shares. While the risk is apparently higher when holding long term, when you know what you are doing, the market provides opportunities to minimize that risk.
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