Wednesday, July 30, 2014
New membership is available at a discount till tomorrow. Join now! As a member you will receive:
- ABC screens on cnx 500
- ABC screens on my new database of stocks in the 50 - 200 price range
- List of stocks above major averages
- Sector scans
- Misc market studies / scans
- Stock picks
- I will guide you on initial stops / trailing stops / exiting positions etc etc.
Tuesday, July 29, 2014
For my own trading and for SPMM , I track the cnx 500 group of stocks and I may miss some good opportunities out side of this basket. Besides, most of the quality blue chips are costly in absolute price terms (they may be cheap valuation wise, I'm not aware). So I decided to make a separate data base of stocks in the 50 -200 range. In the process, first I ran a scan on the whole market just to understand how many stocks are below 50, how many are between 50 - 200 and so on. Above is the result. Most of the stocks below 50 are low volume, trade to trade type category and I'm not interested in them. Within the 50 - 200 range I found that there are 26.5% stocks which is a solid thing to work on going ahead!
Sunday, July 27, 2014
This is a map of the market performance. 2% stocks have remained unchanged, 23% of stocks have gained between 1 to 25% and so on. 10% of the stocks are in the red. This scan was run on all the nse stocks and currently the total in my data base is around 1625.
There can be many ways to set stops on your long positions. You can use a certain % from your entry, or you can use ATR based stops, or if the stock has just broken out of a range then the lower end of the range can be a good stop. Another idea which I use is to look at the recent price behavior. See the chart above. After the big candle (arrow), prices never closed below 125 so that becomes a good stop.
Saturday, July 26, 2014
The monthly charts of these two sectors are almost identical. If you remember, these two started out performing the market in August last year and have done quite well since then. Capital Goods looks better on the A and B screens and on the C screen they are almost at level.
Here's a comparison of the Health Care and FMCG sectors. Both are kind of slow but steady on the monthly charts and if you have patience then these sectors will pay off in a long run. Currently Health Care is better than FMCG on all the three screens.