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 8 stocks showing up. It just shows that the sentiment hasn't changed decisively to the positive since a month.
company symbol today's close price % rise today avg volume
AMBER 2180.7 9.2 360560
ARMANFIN 570.6 5.5 15504
GPPL 90.8 8.7 388204
IDBI 38.9 15.9 2027787
POLYMED 512.5 5.5 256649
REFEX 53.4 20 105377
VERTOZ 166.4 8.3 71170
VOLTAS 700.5 4.2 2244348
Same table as a picture.
In the secondary list we got 42 stocks.
company symbol today's close price % rise today avg volume
AMBER 2180.7 9.2 360560
ARMANFIN 570.6 5.5 15504
AYMSYNTEX 28.8 2.1 18241
BEDMUTHA 19.1 3.2 10196
CADILAHC 430.4 3.5 4883750
CANFINHOME 468.4 4.8 768278
CANTABIL 328.6 1.7 160164
CNXSERVICE 15696.3 1.3 56843
COFORGE 2577.2 2.7 524743
EICHERMOT 2269.9 0.9 2105372
EIFFL 93.8 1.4 3792
GAEL 118.3 2.9 300314
GOKEX 71.8 0.7 195111
GPPL 90.8 8.7 388204
GRASIM 772.7 3 3395078
HDFCBANK 1199.3 2.6 11155748
IDBI 38.9 15.9 2027787
JKLAKSHMI 274.4 1.4 264141
JSWSTEEL 311.1 6.7 9454573
KAJARIACER 533.1 1.3 397296
M50 115.9 0.9 19050
MIC 0.8 7.1 76813
NCLIND 119.1 7.5 564862
NSIL 784.2 4.8 1351
PGEL 88.8 5 64799
PHILIPCARB 135.8 3.8 1807749
PIIND 2081.4 2.9 297303
PLASTIBLEN 209.3 4.2 22918
POLYMED 512.5 5.5 256649
PRAKASH 44.6 4.8 574408
RAMCOCEM 780.4 2.7 1017911
REDINGTON 128.8 6.8 967408
REFEX 53.4 20 105377
RELIGARE 47.7 5.3 698344
RKFORGE 340.6 3.5 114977
SHRENIK 9.3 2.8 719284
SONATSOFTW 358.1 5.1 481478
SUMEETINDS 2.4 4.3 71468
TATAMETALI 553.5 5.7 49639
TI 18.4 4.2 109779
VERTOZ 166.4 8.3 71170
VOLTAS 700.5 4.2 2244348
Same table as a picture.
Commentary:
As there was no major even for the market to have fallen so bad yesterday, across the world we saw the markets rising. These kind of falls can be opportunity to buy. But as the sentiment is not so bullish yet, we don't see good recovery. Only for traders who don't buy all at one shot but manage positions with position scaling as time passes, buying on pullbacks, selling on rise, they can make profits in this market. Otherwise getting stuck or losing the profits made earlier, are common events.
Today I want to stress upon one point. The first list is the one that gives second opportunities. If we missed to enter when there is no pullback immediately, they pullback later even more on profit booking and also rise back to high levels. If we get a chance to enter on pullback in next few days, then they give chance for profit within a short time. If we are stuck due to market crash times, we have to know the sentiment change and either get out with little loss on second chance (small bounce) or wait till the broader market stabilizes and scale-up for recovery. For this to be reliable, I have begun to list good stocks from these lists which get buying support in case broader market crashes. I realized this today after watching JustDial that showed up yesterday. I have mentioned it in further filtering as well. It was up 9% in the morning itself, despite having gained 12.7% yesterday. But it actually showed up earlier just a week ago in 8-Oct list at 435. On immediate pullback it reached 410 levels. Buying from 420 level, it is 15% gain from there. But I started listing good stocks from these lists only few ago. Nevermind, as we will always next good bets at given time. Sometimes there will be nothing, which is reasonable. We can't buy stocks every day or week. Most times we will find opportunities.
So the second list is for managing holdings. Helps to decide if some room is still left in a stock that you are already holding. Actually one can sell 25% of holdings each time the stock shows up in the secondary list. This helps squeeze maximum out of a strongly trending stock because they rise a lot before showing up again in the second list. Tanla in the months from June to August was an example. Recently TIPSINDLTD too.
Good stocks from the primary list:
Amber
Gppl
Voltas
Good stocks from the secondary list:
CADILAHC
COFORGE
EICHERMOT
GRASIM
HDFCBANK
JKLAKSHMI
JSWSTEEL
KAJARIACER
PIIND
RAMCOCEM
REDINGTON
SONATSOFTW
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