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.
The first list is good for finding stocks that have just started rising and so there is room for more rise in the immediate future. They can also give second chance to exit if market is not in good shape.
The second list is good for finding stocks that you are already holding or familiar with to hold for some more time and exit partially after a big single day rise. A stock shows up repeatedly in second list to give you chances to prepare partially unload the stocks.
Today's primary list has 5 stocks showing up.
company symbol today's close price % rise today avg volume
CASTROLIND 116.1 6.8 1197882
HBLPOWER 18.3 9.9 457355
REPL 53.5 4.9 20280
SOTL 722.3 5.2 3486
TERASOFT 33.6 13.5 57997
Same table as a picture.
In the secondary list we got 16 stocks.
company symbol today's close price % rise today avg volume
ADANIGAS 201.1 1.9 2474678
ISEC 484.4 3.5 673594
REPCOHOME 201.1 0.4 674444
DHUNINV 238.3 2.5 3038
DIAPOWER 0.8 6.7 77328
CGCL 245.7 1.6 126100
DSSL 41.5 7.9 39111
GLOBUSSPR 321.1 1.1 394192
GTL 3.3 4.8 80525
STAR 749 1.8 1467973
ORIENTCEM 65.8 3.1 409782
ORTINLABSS 21.7 0.2 50288
DMART 2240.2 2.9 749135
BRIGADE 179.8 3.4 265022
TANLA 295.3 5 468923
VIMTALABS 138.7 4.4 40177
Same table as a picture.
The first list doesn't have any good stocks to pick. SOTL and TERASOFT are somewhat better picks than nothing.
Good stocks from the second list:
BRIGADE
DMART
STAR
CGCL
ADANIGAS
ISEC
REPCOHOME
Commentary:
Today I sold the cybertech, which i bought yesterday, for 4.5% gain. As market fell through the day, it turned out to be good thing. Redignton went up again today but fell by eod. I think it makes a candidate for BTST trade tomorrow (buy today sell tomorrow). As markets are likely to open down tomorrow, it will be available for lower price.
The markets haven't been doing so well except few sectors. IT and Banks along with cement stocks have pulled nifty near to 12k levels. But it lacked broad based buying interest. Just when the lists grown bigger few days ago, market started falling again. This is a sign of weakness in the market. It is only giving a second chance to exit which can be confused for building up of strength for a new uptrend. Then suddenly it reverses.
US elections and lack of stimulus deal are the triggers now. As Trump says, the news of covid cases increasing may be temporary till elections. Once elections are over, covid cases may not get much news coverage. Then markets would react again to stimulus deal news.
These kind of reactions are common in the market. If we are afraid of every reaction we cannot invest in the market. Hence we should be careful to never take full exposure to market unless we have experience to get out quickly on sign of trouble. Otherwise we should stop at 50% max. exposure and manage that capital. Once major downtrends happen and the news coverage is really bad but market seems to finding support, then we can use the other 50% capital. The stocks we miss to buy because of high prices now, would be briefly available at lesser prices then.
If you liked this post, please check any of the Reaction boxes below and subscribe to this blog or follow by adding email on the right side of the blog. If you want to post any questions or share thoughts, feel free to add comments below.
No comments:
Post a Comment