Saturday, October 4, 2014
Performance Map
Here's the September performance map of CNX 500 stocks. 7.4% stocks have
remained unchanged, 31% stocks have gained between 1 to 10% ... and so
on...
Friday, October 3, 2014
Nifty @ 7800 is Stop for Longs
Nifty (yellow line) is just resting above its 50 day average (blue line) and the stop for all longs would be 7800.
The sector performance in September is not good. So I think 7800 is gonna break.
Wednesday, October 1, 2014
Tuesday, September 30, 2014
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.
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