Picking the Equity

[Babu0411]

Hi,

I am new to TraderJi.com I planned to invest some amount every month in stock market. To identify the stock in diversified mode I adopted below rule.

1. Pick scrips from Nifty 50 and sensex 30.
2. Compare each stock (Current Market Price) value with its 52 week low.
3. Choose the stock which has difference of below 100.
4. Pick single exchange either NSE/BSE.
5. Based available amount identify fix no of stocks.
6. Most important point: Sell the stocks if reaches profit more than 10%.
7. Do this exercise every month.

Now let is there any error in the identifying stock for purchase/sell.

Regards
Babu0411

 

[rkkarnani]

Hi,

I am new to TraderJi.com I planned to invest some amount every month in stock market. To identify the stock in diversified mode I adopted below rule.

1. Pick scrips from Nifty 50 and sensex 30.
2. Compare each stock (Current Market Price) value with its 52 week low.
3. Choose the stock which has difference of below 100.
4. Pick single exchange either NSE/BSE.
5. Based available amount identify fix no of stocks.
6. Most important point: Sell the stocks if reaches profit more than 10%.
7. Do this exercise every month.

Now let is there any error in the identifying stock for purchase/sell.

Regards
Babu0411

Welcome to Traderji !
Please explain the highlighted line at serial 3 above ! If possible with an example.

 

[comm4300]

Welcome to Traderji !
Please explain the highlighted line at serial 3 above ! If possible with an example.

i guess he meant this in conjunction with point 2, where the CMP and 52 week low difference is <100.

like in reliance case today (CMP vs 52 week low is almost <100)

 

[Babu0411]

Comm is right. I just want to know how feasible this approach is?