Stock Selection List Short Term Study (2 Weeks Timeframe) for 27-Aug-20

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 10-Sep.

company symbol	% rise today	today's close price
AMRUTANJAN	1.3	477.1
ASTRAMICRO	6.2	128.8
AVADHSUGAR	4.3	205.2
BFINVEST	7.6	334.8
BSE	4.8	514.6
CENTRUM	18.6	16.6
DBCORP	2	80.7
DBREALTY	9.6	8
DONEAR	4	31.4
FRETAIL	10.8	130.1
GODFRYPHLP	7.9	1035.5
GUJALKALI	9.4	369.9
HBLPOWER	2.7	17.1
KAMATHOTEL	3.7	35.1
KANSAINER	4.6	498.7
KITEX	6.9	114.1
MAANALU	10.7	74.8
MAWANASUG	4.3	31.4
MURUDCERA	7.2	17.9
SIS	3.3	399.1
TAJGVK	8.4	155.9
ZEELEARN	8.6	16.4

Same table as a picture.

Looks like this week was about finance, hotel, bank and sugar stocks. Avadhsugar is in a good trend. I checked it only today end of the day based on it being in the list three days ago but i was late. It went up 4% already. Kitex and Trent in same sector but Trent is a long term stock than Kitex. Dmart showed up in Tuesday list and Fretail today. Fretail (Big Bazaar) has not recovered back to its previous levels. With more unlocking coming up, it might rise more.

Paint stocks are in uptrend this month. But they are not rising much in %. Seeing Zeelearn I remembered Niittech which is a long term stock. Its name changed to COFORGE and looks like it could rise soon.

I bought cineline 10 days ago. The day after it was at 20% UC, and fell almost half way. Since then I watched it rise a little and pullback. Yesterday I decided to give it one day as it was just the 10th day left. It rose 15% today by the close. For long term inoxleisure is preferable in this sector.

Looks like the beaten down stocks which haven't recovered recently are showing up now. So we need to be careful to avoid getting them into long term portfolios (or staying trapped in them due to loss) unless the fundamentals dictate. It also that means after a bad downtrend, we get to see the best stocks in the first month. Those can be taken up for long term or medium. That way I noticed Tatacomm, sunflag, rpglife, niittech, dixon, alkylamine in the first weeks of April. While I have known the last three from a long time and had in my watchlist anyway, so didn't correlate them to this kind of list. Rather i saw Tatacomm, rpglife and sunflag coming per this list and kept under watch only to see Tatacomm rise from 357 (missed buying by having a limit order at 0.5 less price) to 800 recently. Later tried sunflag from 31 to 39.95. It kept rising with breaks though. There is some difference in these sectors. RPGLIFE too I missed to buy for 0.2 difference at my limit order which jumped 4% in a minute before I could alter order, near 275 levels. Missed its rise to 370. Lesson learned, once you decide to buy a stock, don't bargain with limit order. Place a little larger limit if not market order but get in. Little fluctuation is tolerable from the entry point.

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Stock Selection List Short Term Study (2 Weeks Timeframe) for 26-Aug-20

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 9-Sep.

company symbol	% rise today	today's close price
ABCAPITAL	5.4	65.3
ARIHANTSUP	4.8	24.2
BIRLAMONEY	8.2	41.7
BLUEDART	8.8	2210.2
BOMDYEING	6.6	73.6
CAREERP	7.3	155.2
CEATLTD	6.5	941.5
DCM	9.8	21.9
DCMSHRIRAM	8.3	396.9
DHANBANK	16.3	15.4
EMKAY	9.9	54.2
GFLLIMITED	5.2	103.1
GOKUL	9.9	18.3
JCHAC	12.6	2395.3
JMCPROJECT	12.5	60.1
JMFINANCIL	2.2	82.8
LGBBROSLTD	11.2	277.5
POLYCAB	5.7	919.1
SHREERAMA	9.3	6.5
SUPERHOUSE	7.8	107.1
TVSSRICHAK	7	1583.7
UFO	8.9	84.8

Same table as a picture.

There is another benefit from this daily list. It has become like a market statistic of my own. If the list has more than 10 stocks there is no need to worry. It is a stable market. If it gets less than 10 stocks, then we should plan to get out of our holdings and halt trading till broader market stabilizes. By that time Nifty would have pulled back from highs and some global or major bad news would be clearly known.

I concluded this after studying the lists during the January to March timeframe of this year. The list count fluctuated during January and Feb. months. But in March, after second week the counts reduced to less than 10 and there were many days zero stocks showing up.

So in a way it is a good statistic to assess if we should continue to hold the stocks we already bought, buy new stocks or get out before losses become bigger or whatever little profits we can get at that time. However one day exceptions can happen sometimes. Hence we can see if the <10 count happens for 3 consecutive days to decide the trade stop plan.

Today in NIFTY50 we saw auto stocks becoming gainers. I noticed Atul Auto (which came up in the list a week ago) having gained for the last few days. Noticing tatamotors showing >4% gain yesterday with other auto stocks not being gainers, I wondered if Auto stocks would gain today. Sure enough by early morning itself heromotoco, m&m, eichermot were gainers. By end of the day, Tatamotors gained >8% while Heromotocorp too advanced some more from the morning level.

Today Reliance also became a gainer. But from above list, I could not make a pattern. We may not find patterns everyday. In such situations we should not read too much into the data to avoid getting confused.

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Stock Selection List Short Term Study (2 Weeks Timeframe) for 25-Aug-20

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 8-Sep.

company symbol	% rise today	today's close price
AMBIKCO	8.8	731.2
ARMANFIN	7.6	529.9
ASAHISONG	6.3	227.3
CANBK	3.1	106.7
DMART	4	2341.2
FINPIPE	8	502.8
GOACARBON	10	242.7
GRAPHITE	10	209.6
HEG	16.4	930.9
IBMFNIFTY	19	139.7
INDIAGLYCO	5.1	310.8
INDOSTAR	6.5	276
KRIDHANINF	4.2	3.8
KSL	1.3	230.6
LICHSGFIN	8.1	299
LICHSGFIN-1M	8.4	299.9
LOTUSEYE	19.4	35
MFSL	12.8	619.9
MFSL-1M	12.5	620.9
PRESSMN	7.3	21.2
RAJTV	8.8	41.4
RALLIS	7.8	325.3
RKDL	9.7	7.9
SELAN	16	135.2
SHANTIGEAR	6.8	97
SHRENIK	5	52.5
SYNGENE	5.5	503.9
VERTOZ	4.9	126.9

Same table as a picture.

I forgot to mention yesterday about banknifty rise. In Sunday's post based on Friday's list, I have mentioned about 4 banks showing up in the list and thus other banks could gain next. Yesterday many top banks gained which is why banknifty had a big gain in a long time. Today also CANBK showed up in the list. BANKNIFTY is still up today. So these few days money is rotating to BANK stocks.

As money gets pumped into stocks, due to lower interest rates, it keeps rotating into stocks that haven't risen much relatively.

Yesterday there was SRIPIPES int he list. Today we have FINPIPE in the list. It can help to note which sector stocks are strongly showing up the list to expect any other stocks of the same sector to rise in the coming days. If you hold other stocks in that sector, you can expect them to rise before deciding to sell them.

Today we also have some financial stocks rising. Bajfinance rose to new high of the last four months. In our list we can see LICHSGFIN and ARMANFIN with 8% gain today. Looks like these are good for big price gain in this sector. There are other finance stocks like PFC that could gain in the coming days.

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Stock Selection List Short Term Study (2 Weeks Timeframe) for 24-Aug-20

Today's short term selection list for short term study (2 weeks timeframe). Their performance will be reviewed after 7-Sep.

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.

scrip	% change	close price
ALMONDZ	20	12.3
ATFL	20	773
AVTNPL	5.1	46.1
BALMLAWRIE	3.9	121.1
DHANUKA	7.8	856
EXCELINDUS	10.7	921.8
GLOBALVECT	3.7	61.9
KIRIINDUS	8.3	531.5
KOTARISUG	19.8	15.4
MIDHANI	6	223.4
MUTHOOTCAP	7.8	400.6
PSPPROJECT	7.1	440.6
SADBHIN	6.4	18.4
SARLAPOLY	8.1	19.3
SCHAEFFLER	4.8	3661
SRIPIPES	1.3	198.6
STEL	9	66.5
TIMKEN	6.4	1045.3
TRENT	2.8	622.8
UTISENSETF	1.6	411.6
ZOTA	3.3	145.4
ZYDUSWELL	4.4	1692.3

Same table as a picture.

If you liked this post, you can check any of the Reaction boxes below. If you want to post any questions or share thoughts, feel free to add comments below.

Read the disclaimer on the right side of this blog (in desktop mode) before making any investment/trading decisions.

Continue reading...

Stock Selection List Short Term Study (2 Weeks Timeframe) for 21-Aug-20

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 4-Sep.

scrip	% change	close price
AAVAS	4.9	1443
AGRITECH	4.7	34.3
AIAENG	3.9	1751.8
AVADHSUGAR	5.5	196.9
BASF	20	1619.8
BASML	5.8	98.3
BHEL-1M	6.1	40.9
COCHINSHIP	5.3	359.8
DHAMPURSUG	5.7	147.4
FLEXITUFF	4.6	7.9
FLFL	2.1	132.7
GALLANTT	8.9	34.4
GALLISPAT	3.5	29.9
GEECEE	8.3	79.8
GMRINFRA	9.5	24.3
GMRINFRA-1M	9.6	24.4
HIRECT	5	144.8
IDBI	9.9	43.3
INDIANCARD	20	116.9
J&KBANK	6.7	18.3
JAYAGROGN	5	98.8
JUBILANT	4.4	828
KKCL	11.4	846.8
KTKBANK	6.8	47
LAOPALA	0.9	201.8
LINCPEN	8.6	183.6
NRBBEARING	5.9	85.5
PAGEIND	6.9	20304.9
PAGEIND-1M	6.8	20338.5
PIONEEREMB	16.7	25.9
PODDARMENT	6.1	202.7
PONNIERODE	7.2	178.8
PRECAM	6.8	36.3
PREMEXPLN	5	135.8
PREMIERPOL	8.1	25.9
PSUBNKBEES	2.5	16.4
PUNJABCHEM	5.8	520.8
SELAN	9	121.2
SSWL	9.5	475.4
SUNDRMBRAK	8.3	252.4
SYMPHONY	6.7	893
UGARSUGAR	5.2	15.1
VINATIORGA	5.9	1053.7
VLSFINANCE	2.8	56.2

Same table as a picture.

I am beginning to realize that with this many number of stocks getting filtered daily, it will be ridiculous to practically implement it. Filtering some stocks from this becomes dependent on another criteria, diluting the purpose of this filter.

So it is reasonable to first have a list of 100 or 200 stocks all of which are filtered based on some criteria, either fundamental or technical. Technical is more suited for short term trading. One such criteria can be the large price swing a stock does in its prior 3 year history. Stocks tend to repeat price action. It is reasonable to expect a large price swing with this filter provided it has done such moves in the past.

Although some of these might move by big % first time, it will be difficult to find such stocks out of so many. That might require following some news, events related to the company or simply earnings calendar.

Both can also be combined. As this is a start, I am thinking it is better to first start with a set of 50 stocks and apply this filter. This way there could be days without anyone getting filtered. That is good, actually. Because for this 2 week timeframe, once we buy a stock, we can't buy another till 2 weeks is over. So it becomes realistic to implement.

Moreover I realized that there is no need to test this in real time. As this is filtering is purely technical, for last several months or even years, such list can be filtered for every day and then study their performance after the said short term timeframe as a back testing. That gives a clear idea if it is worth doing such filtering at all or if a secondary filter is required to pick any stocks from it. I will do back testing study soon and post results from it.

It is also possible that this list helps to know which sector stocks are rising each day and so each week. That helps a trader pick a familiar stock from that sector and trade for short term.

For example, this day with a simple glance into the table we can see that 3 sugar stocks (AVADHSUGAR, DHAMPURSUG, UGARSUGAR) have gained more than 5%. Also 4 banks and one bank etf have gained more than 5%. They are IDBI, J&KBANK, KTKBANK, SUNDRMBRAK and etf is PSUBNKBEES. There are other bank and sugar stocks which if didn't rise today or not at all this week, they could potentiall rise next week. So this data could help in that way too.

I did not post this data on 17th as I started studying this very recently. The 17th Aug data showed NTPC, SUNTV and TVTODAY. Noticing two TV stocks, I correlated that late but >6% jump in these two tv stocks to be after a conccurent rise in ZEEL for two weeks prior to that. And ZEEL made big rise on 19th. NTPC did consolidate for two days after 17th and rose from 95 on Wednesday to 106 on Friday.

This filter obviously has the potential for catching moves in the middle of a trend. However it could filter huge list of stocks from which many may not continue the rise before falling back. So this data might be useful as an information as well, if not a direct filter, as explained above.

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