Below is the Intraday stock tips that helped me to win CNBC TV18 Bull’s Eye stock trading show that too with a commendable margin.
Nifty touching new life time high in past week but not all stocks participated. This resulted into other contestants on negative side even when they were long on stocks throughout the week. Stock selection is very important and we managed to gain 6.14% that too in a week itself.
Nifty move from 22nd Jan to 25th Jan: The markets are touching unchartered territory everyday and the investors / traders are overly bullish so it is important to stay in the direction of the trend which is up. Keeping this in mind, I’ve preferred to give stocks on the buy side throughout the week. We ended on the winning side on the CNBC Trade show as the stocks were selected based on their strong outperformance and previous day’s close. How? Let us have look on what were the strategies followed to maintain our consistency to manage 6.14% returns in a week on the amount of Rs. 400000
The most important thing that I personally follow is to understand the direction of major index before stock selection on each day. This helped me to gauge out of 4 stocks to pick daily, how many we need to have on the buy or sell side. Since the trend for Nifty was positive throughout the week I refrained from giving any short calls.
Notional amount of 400,000 was given that has to be spread across 4 different stocks on daily basis.
22nd January 2018 trades: Stock tips – Buy Almbic Ltd, Biocon, Godrej Consumer products, Jubilant food.
Alembic Ltd, Biocon and Godrej CP were all up by more than 8% in single day. This was the major driver in single day. The stocks were selected based on their impulsive nature. Alembic was on verge of starting wave v on upside and we have seen strong rise during the start of the waves in this stock. On the other hand Biocon was already in 5th wave and subdividing. We also covered this stock in our daily Equity research reports which clearly showed that Biocon has broken above important resistance and should give a vertical rise which indeed happen.
23rd January trades: Stock tips – Buy Godrej Properties, Delta Corp, NIITech, Biocon.
Nifty had a strong positive closing in previous session and thus we maintained our strategy to keep all 4 stocks in buy On second day once again I selected Delta Corp because it started the 3rd wave over short term breakout. IT stocks started showing strong outperformance and so we selected NIIT Tech as it started the 3rd wave. If you look at the stock even now it has been on an exponential rise. This clearly suggests that the cycle have turned for Tech or IT stocks and so we preferred keeping atleast one such stock in the portfolio.
24th January trades: Stock tips – Buy GHCL, M&MFin, Havels, Mindtree.
As mentioned above since IT stocks gave a strong breakout we picked up Mindtree which was giving a positive breakout, GHCL was preferred as it formed a big daily candle and bounced back from short term channel support.
25th January trades: Stock tips – Buy KPIT, Lupin, Godrej Consumer products, GHCL.
Nifty showed some pause on 24th Jan and so we thought of playing it safe. This was the reason we selected Lupin from Pharma and Godrej Consumer from FMCG space. Midcap and Smallcap indices showed a pause and so we picked one index stock to act as a stabilizer.
Overall, I managed to go long on IT, Pharma and outperforming stocks on most of the occasions which helped me close positive for the entire week by 6.14% when the other contestants closed in red.
The above strategy clearly highlights the fact that knowing the internal Elliott wave pattern of individual stocks along with Nifty direction is extremely important. It is not necessary that you will make money by simply being long on any stocks in the current market. Stock selection based on Moving averages, Channels, Elliott wave and much more is required.
Learn the detailed process of Stock selection, Portfolio creation, Intraday trade setups using above methods. The above is a proof of how brilliantly the techniques work. I will be discussing in detail all of these methods – how to buy in morning and sell in evening to how to create portfolio of stocks for investments. More details about the upcoming training click here