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 primary list has only 4 stocks showing up.
company symbol today's close price % rise today avg volume
ALLSEC 285.9 5.6 12911
JSWENERGY 60.2 2.6 3200472
PRAKASH 44.5 12.5 587985
SAKSOFT 397.8 5.9 138771
Same table as a picture.
In the secondary list we got 23 stocks.
company symbol today's close price % rise today avg volume
AGCNET 367.5 2.1 17344
ALLSEC 285.9 5.6 12911
AXISBANK 471.3 2.2 23966649
BEDMUTHA 18.9 0.5 10416
EICHERMOT 2253.9 1.5 2139356
GRASIM 763.6 1.9 3425770
HCG 125.6 1 96876
INTELLECT 234.8 2.2 329035
JBCHEPHARM 1041 3.5 621811
JPASSOCIAT 3.6 4.3 6398516
JSLHISAR 95.7 2.7 600672
JSWENERGY 60.2 2.6 3200472
KILITCH 97.8 8.5 13933
KIOCL 141.8 10 78328
MOREPENLAB 28.3 4.8 2735148
NBIFIN 1735 5.6 2605
OFSS 3145.9 2.9 84518
PRAKASH 44.5 12.5 587985
RSSOFTWARE 24.8 4.2 43783
SAKSOFT 397.8 5.9 138771
SINTEX 2.3 4.5 1897772
SOMANYCERA 201.6 5.6 145991
TATACHEM 318.1 3.4 3347600
Same table as a picture.
Commentary:
Allsec showed up today. It is a good stock for long term. I noted in my long term list and had good chance to buy few days ago. But we only select one or the other stock. JBCHEMPHARM showed up earlier in the list and i mentioned about it yesterday too. It showed up today again after rising good deal from 960 level where I noticed as opportunity to buy. Looks like it is better to buy those stocks with some fundamentals than any thing that shows up in the list.
One thing we should not do is to infer sector selection from the secondary list. Primary list is the one for that. The market reached a peak and slowed now. If there is no major negative news, it will continue moving in a 500-600 point range.
It is also becoming a lot of work to further filter these stocks. So what I am thinking is to post the full lists daily and filter over the weekend. Depending on fresh opportunities of pullbacks in those stocks, trades can be started.
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