A list of good stocks to follow

Discussion in 'Technical Analysis' started by shamim, Jun 1, 2006.

  1. shamim

    shamim Member

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    Hi,
    I want to direct it to senior members. Could you suggest ten stocks to follow that would be a good representation of the stock market, be very liquid and also be fairly volatile?

    Thanks in advance
     
  2. vince

    vince Active Member

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    The index is supposed to be a good representation of the market. Take your pick.
     
  3. shamim

    shamim Member

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    Thank you Vince. I am completely new to Indian stock market. Can you be a little more specific. S&P 500 has 500 stocks, S&P100 has 100. I have no idea which index to look at and whick stocks therein may be good picks. Some of you may have your own favorite stocks. Can you share those?
    Thanks
     
  4. vince

    vince Active Member

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    Hi Shamim,

    The Sensex has only 30 stocks. You could take a look at the sectoral leaders which would satisfy your criteria.
     
  5. Traderji

    Traderji Super Moderator

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    The best performing sectors in descending order are:

    * BSE CAPITAL GO
    * BSE METAL INDEX
    * BSE OIL & GAS INDEX
    * BSE AUTO INDEX
    * BSE FMCG INDEX
    * BSE CONSUMER DURABLES
    * BSE TECK
    * BSE IT SECTOR
    * BSE HEALTHCARE
    * BSE PSU INDEX
    * BSE BANKEX

    Its best to select stocks that belong to the top 3-5 sectors!
     
  6. Traderji

    Traderji Super Moderator

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    The 100 best perfoming stocks on the BSE "A" Group in descending order are:

    HIND ZINC
    ADANI EXPORTS
    STERLITE INDS
    BOMBAY DYEING
    HINDUJA TMT
    RELIANCE INDS
    SIEMENS LTD
    THERMAX LTD
    MASTEK LTD
    DABUR (I)
    MAHINDRA & MAHIN
    ACC LTD
    BAJAJ AUTO
    CROMPTON GREAVES
    INDIA CEMENTS
    KOTAK MAHINDRA
    JAIPRAKASH ASSOC
    AUROBINDO PHARMA
    BHEL
    GODREJ CONSUMER
    JINDAL STEEL
    LARSEN & TOUBRO
    PIDILITE INDS
    RELIANCE CAPITAL
    CIPLA LTD
    STERLITE OPT
    CONTAINER CORPOR
    DR. REDDY'S LABS
    ZEE TELEFILMS
    EIH LTD
    TATA MOTORS
    INDIAN HOTELS
    TITAN INDS
    TVS MOTOR
    CENTURY TEXTILES
    HINDALCO INDS
    MAHA SEAMLESS
    TORRENT PHARMA
    CESC LTD
    GTL LTD
    LUPIN LTD
    STEEL AUTHORITY
    ABB
    ADITYA BIRLA NUVO
    ASHOK LEYLAND
    COLGATE PALMOLIV
    MPHASIS BFL
    TATA STEEL
    GRASIM INDS
    HIND LEVER
    SKF (I)
    BRITANNIA INDS
    GUJ AMBUJA CEMEN
    ITC LTD
    MARUTI UDYOG
    BHARAT EARTH MOV
    BHARAT ELEC
    EXIDE INDS
    SUN PHARMACEUTIC
    TN NEWSPRINT
    UNITED PHOSPHORU
    I-FLEX SOLUTIONS
    MICO LTD
    NESTLE (I)
    PUNJAB TRACTORS
    MAHANAGAR TELEPH
    ROLTA (I)
    FINOLEX CABLES
    GREAT EASTERN SH
    RAYMOND LTD
    TCS
    BHARTI AIRTEL
    FINOLEX INDS
    INDIAN PETRO
    SATYAM COMPUTER
    VSNL
    CUMMINS (I)
    GLAXOSMIT CONSUM
    ALFA LAVAL
    ALSTOM PROJECTS
    NATL ALUMINIUM
    INFOSYS TECHNOLO
    ASIAN PAINTS
    CADILA HEALTHCAR
    HDFC BANK
    MERCK(I)
    GLAXOSMITHKLINE
    GUJ NARMADA
    JSW STEEL
    PROCTER & GAMBLE
    BIRLA CORP
    HEXAWARE TECHNOL
    TATA POWER COMP
    AVENTIS PHARMA
    ESSEL PROPACK
    HDFC LTD
    TATA CHEM
    FEDERAL BANK
    ONGC CORPN
    UTI BANK

    Traders/investors can select stocks from the list above for going long (after doing their analysis) once the correction is complete.
     

  7. shamim

    shamim Member

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    Hi Traderji,
    Can't thank you enough for your help; couldn't have gleaned this gem of information on my own.
    One thing intrigued me though. Why do I have to wait for the correction to be over to go long; is short selling prohibited in Indian stocks?
    Thanks in advance.
     
  8. Traderji

    Traderji Super Moderator

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    You can short sell provided you cover your position before closing on the same day itself. You cannot short sell a position overnight as you will have to give delivery of the shares.
     
  9. marcus

    marcus Active Member

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    Dear Traderji,

    Could you please tell us on what criteria you have ranked the above list
     
  10. Traderji

    Traderji Super Moderator

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    I have selected the stocks based on their External Relative Strength and arranged them in descending order of their Relative Strength.
     

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