Saturday, September 27, 2014

RS / Market Breadth

Here's the updated plot of RS lines for different sectors.

Below is a plot of the breadth. Because of my father's accident, I could not note down the breadth between Sept 9 to 25.  The yellow-green-blue-red lines represent % of stocks which are above their 10-20-50-200 day averages respectively. When the % is at the lower end like 10 to 20% then it is similar to oversold conditions and when the % is at the upper 80-90 end then it is like an overbought zone.

Monday, September 22, 2014

Recent Trades

Mahindra Ugin is now 538 (+30%), Welspun Industries is at 297 (+36%) and Supreme Industries is at 652 (+10%).

I have just booked profits in Sona Koyo ( entry 39, Exit 58, +48%), and JK Tyre (Entry 370, Exit 520, +40%).

Saturday, September 20, 2014

Sector Scan

The bench mark Sensex and the 9 sectors which I track are arranged according to their performance on my screen A. Below they are arranged according to their performance on my screen B:

The basic concept behind my stock selection is the top down approach - track leading sectors and the leading stocks and 90% of my work is done. The rest is actually picking a stock and then trading it. 

Top 25 Stocks

These are the top 25 stocks on the screen A. Below are the top 25 on screen B:


Autos, Health Care and IT are leading.

Friday, September 12, 2014


Autos and IT are outperforming this week. The other sectors are kinda flat.

Sona Koyo Steering

Sona Koyo Steering is another recent SPMM pick which has turned out to be a winner. It was suggested in the first week of August to SPMM members. I myself have taken an entry around 39 and now I'm trailing at 58.