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 14 stocks showing up.
company symbol today's close price % rise today avg volume
ALKALI 52.9 7 55825
COSMOFILMS 459.4 7.5 175026
DBREALTY 7.2 10.8 316380
GALLANTT 34 6.4 21424
HATSUN 851.4 1.2 53985
HDFCNIFETF 1242 0.7 1839
HISARMETAL 82.9 20 15796
ICICILOVOL 99.5 1.3 82378
POLYPLEX 772.3 4.3 183890
SARDAEN 264.7 11.6 129649
SETFNIF50 122.6 0.5 216147
SKIPPER 54.6 8.4 166426
SOMANYCERA 210.8 7.9 150340
SUPPETRO 263.6 6.1 66766
Same table as a picture.
In the secondary list we got 69 stocks.
company symbol today's close price % rise today avg volume
AAVAS 1500.6 1.4 144535
ABFRL 144.8 5.4 2169370
ADANIENT 316.9 3.2 8728827
ALKALI 52.9 7 55825
APCL 205.2 1.4 91064
ASHAPURMIN 82.8 4.9 231492
AUBANK 767.9 4.9 504967
AXISBANK 492.9 4.4 23715341
BAJAJCON 189.7 3 787946
BALAXI 936.4 5 5309
BANG 19.9 2.6 6103
BANKBEES 243.9 3.1 926821
BANKNIFTY 24266.8 3.1 56628
BATAINDIA 1387.6 1.1 943132
BERGEPAINT 610.7 1.2 1539041
BETA 128.7 10 11744
BLUEDART 3101.1 1.1 76407
CEATLTD 1044.3 5.3 236736
CNX100 11952.9 0.9 56628
COLPAL 1476.7 2.6 636104
COSMOFILMS 459.4 7.5 175026
CREATIVE 129.9 4.9 20994
CRISIL 1863.2 4.2 39681
CUB 149.8 4.2 2847782
DBREALTY 7.2 10.8 316380
DIXON 9553.7 3.2 73652
FEDERALBNK 56.2 7.7 35756780
GALLANTT 34 6.4 21424
GODREJAGRO 534.8 1.7 186759
GRANULES 391.7 1 4352536
HATSUN 851.4 1.2 53985
HAVELLS 706 1.2 1696598
HDFCNIFETF 1242 0.7 1839
HDFCSENETF 4299.9 1.4 179
HIMATSEIDE 120.7 3.7 1212134
HINDUNILVR 2177.8 1.3 1997562
HISARMETAL 82.9 20 15796
IBULISL 49.4 9.9 226580
ICICIBANK 417.1 5.3 31803719
ICICIBANKN 240.9 3.2 13388
ICICILOVOL 99.5 1.3 82378
ICICINF100 128.6 0.6 3101
ICICINIFTY 125.5 0.7 134091
ICICINV20 60.6 0.6 7416
INDIGO 1366.3 2.8 3012850
KABRAEXTRU 73.8 2 51567
KINGFA 504.9 0.8 7195
KOTAKBKETF 244.4 3.1 310168
KOTAKNIFTY 123.9 1.1 144423
KOTAKNV20 61.9 0.7 9852
MAN50ETF 121.2 1.3 26216
MUTHOOTFIN 1221.8 3.1 2390467
NIFTY 11873 0.9 56628
NIFTYBEES 126.8 0.9 1597443
ORIENTBELL 114.3 2.8 57504
PGHH 10149.5 0.4 8793
PIDILITIND 1536 3.7 878285
POLYPLEX 772.3 4.3 183890
PRICOLLTD 51.2 4.9 367555
SARDAEN 264.7 11.6 129649
SETFNIF50 122.6 0.5 216147
SETFNIFBK 241.3 3 144755
SKIPPER 54.6 8.4 166426
SOMANYCERA 210.8 7.9 150340
SUPPETRO 263.6 6.1 66766
TATACOMM 919.4 5 143046
TITAN 1228.8 0.5 3216967
UTINIFTETF 1262.2 0.5 3504
VIDHIING 133.4 3.6 343101
Same table as a picture.
Commentary:
We see banks and IT are the performing sectors since a month. Pharma is doing okie-dokie. Not going anywhere. Wonder what happens after elections. If stimulus deal doesn't happen before elections in US, it is not a big cause for concern. The markets won't make new lows compared to March lows, because that would make the earlier stimulus meaningless. A little fall and stabilize and rise with performing sectors of the future. Which is likely to be IT and pharma. IT and pharma won't give us great opportunities. We can see the history of IT stocks for that. They don't fall a lot. Nor they rise a lot. As we can see the 5 IT stocks in NIFTY, they keep rising because every year they grow little by little.
Other sectors despite having some issues due to the pandemic, present good opportunities in the future. Mainly because of "unlock" leading to increasing demand. Some sectors though aren't yet in any hopes of recovery like the cinemas.
One good thing among these now is the rise of e-commerce sector in India. We don't have much of that in India. In US many people sell products online and they put their ads online. In India TV is the place for adverts. Things will change soon, thanks to the pandemic. So we need to keep an eye on what kind of sectors will rise in the coming quarters.
Thankfully this list helps notice such developments by showing those stocks. Although it won't be much early. That is not easy to do. If we try to pick early, we could end up with many stocks not doing as expected. Better to wait and scale-up into promising stocks on pullbacks.
On Friday we saw Amber, GPPL and Voltas as good stocks from the first list. Sure today Amber is up 13% and GPPL almost 5%. Only Voltas is down but not a lot (-1.7%). Seeing Voltas daily chart, I don't feel it is head upwards. Even if it goes up, it could only do so when there are quarterly results announcement ahead. Then it could pullback quickly. That is just my feeling seeing its chart. It may not behave exactly like that.
Good stocks from the primary list:
SOMANYCERA
(the below are good for long term but can test your patience, so really looooong term)
COSMOFILMS
POLYPLEX
SARDAEN
Good stocks from the secondary list:
BATAINDIA
BERGEPAINT
DIXON
GODREJAGRO
GRANULES
HAVELLS
HINDUNILVR
INDIGO
PIDILITIND
TITAN
With more risk but good for long term (in future something can go wrong, if not then good):
AAVAS
ADANIENT
BLUEDART
CEATLTD
ICICIBANK
TATACOMM
Today I was expecting Dixon would show up. After I sold COFORGE from my long term portfolio, I started buying Dixon. Like just in time. Actually COFORGE went up a lot just the day after I sold. But then it pulled back too. If I sold COFORGE now, it would have been expensive to buy Dixon as I already have the profit in Dixon that I missed in COFORGE. There is no point in worrying about that last part of profit that we miss from a stock that moved in our direction. Because we can't always get the best profits. We can try our luck. Sometimes it goes well. Sometimes we have to live with what we get. Most important thing is to stick to good stocks. Because we can confidently buy them on pullbacks. And these lists work particularly well on pullbacks as learned from performance review posts. Yesterday's AMBER and GPPL, JUSTDIAL of the day before that are again proving that.
In the future I am thinking about making another type of list. For doing SIP for long term for a potentially large gain (from 20%-80%) but requires patience. We will try to catch them while they form the Cup and Handle chart pattern. Hence the suitability for SIP.
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