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 7 stocks showing up.
company symbol today's close price % rise today avg volume
BHAGYAPROP 23.4 2.6 6862
GILLANDERS 31.8 6.7 5802
HARRMALAYA 96.8 2.6 112136
MURUDCERA 17.1 9.6 83288
NAVINFLUOR 2275.1 7.1 121584
OMKARCHEM 7.2 4.3 29164
PIDILITIND 1590.8 4.8 880299
Same table as a picture.
In the secondary list we got 26 stocks.
company symbol today's close price % rise today avg volume
ADANIENT 328.9 3.2 8316385
ALMONDZ 12.9 9.8 23402
BALRAMCHIN 164.4 1.4 1236957
BERGEPAINT 630 3.9 1424952
CARBORUNIV 268.1 3.3 290989
CONSOFINVT 35.8 1 3470
DALBHARAT 839.9 1.8 185372
GPIL 351.8 1.2 109978
GREENLAM 762.5 1.6 5835
GULFOILLUB 670.6 0.7 31197
HSIL 78.8 3.8 621672
INDIAVIX 24 3.2 56013
JAYBARMARU 236.1 4 46387
JAYSREETEA 61.9 2.3 124208
LAURUSLABS 329.9 2.3 6633900
LINDEINDIA 833 1.7 127789
MUTHOOTFIN 1238.2 3.1 2132704
OBEROIRLTY 450.2 2.7 649629
OILCOUNTUB 4.5 8.4 58338
PIIND 2158.2 2.1 304643
RELCAPITAL 9.1 9.7 1514506
RPOWER 3.5 16.7 21937713
SANGHIIND 30.4 2.7 1382864
SCHAEFFLER 3812.6 3.1 17479
SUPREMEIND 1473.2 1 83549
ULTRACEMCO 4576.8 2.4 625710
Same table as a picture.
Good stocks from the first list:
PIDILITIND
NAVINFLUOR
As it is again a market decline day with smaller first list, I am listing from the second list as well. Noting the stocks during these days is important to understand into which sectors money is rotating. As we see in the first list, several chemical stocks showed up, though some are small cap. Yesterday surprisingly after more than a month Alkylamine went up in the face of a weak market.
Good stocks from the second list:
DALBHARAT
ADANIENT
BERGEPAINT
SUPREMEIND
PIIND
ULTRACEMCO
CARBORUNIV
LAURUSLABS
OBEROIRLTY
Commentary:
The markets are falling due to existing sentiment that didn't turn bullish on a broad basis and the fear of lockdowns erupting from Europe. It is less likely US will also impose lockdowns. Certainly India won't. So for our markets the impact will be good opportunity to accumulate stocks falling due to global cues.
However the fall is due to FIIs selling and it will sharp and can be quite painful. One needs to be careful when buying to avoid buying in hurry. Let the fall intensify. Perhaps after US election results, we may see end to the downtrend.
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