Markets are random by nature. We have to look for events where the market will behave in a non random fashion.
Take the stocks which opened with a gap of more than 2%, then wait for 5/15 minutes for the stock to set the opening range. Then, take the trade in the direction which is showing strength.
For analysis purpose, lets start with gap up of more than 2%, does the stock rise? Data tested from 2012.
StockName , Sum of (close-open) %, Sum of abs(close-open)%, No of trades in 4 years
Total trades : 4255
Total sum of % change(2nd column) : -5031%. Gaps getting filled.
Total sum of abs change : 12570.
2.95% change per trade.
The results look, stocks seem to be trending after a gap up.
Let's take a look from the gap down of more than 2%.
StockName, sum of % Change open -close, Sum of absolute % change open-close, no of trades
In gap down, movement is good.
Total trades : 2984.
Total sum of open -close % (2nd column): -4069. => Gaps filled.
Sum of absolute change(3rd column) : 10252.
It shows a movement of 3.43% per trade.
The above also shows gaps are often filled. Now, further study needs to be done on the Opening range breakout on the stocks with a gap.
Take the stocks which opened with a gap of more than 2%, then wait for 5/15 minutes for the stock to set the opening range. Then, take the trade in the direction which is showing strength.
For analysis purpose, lets start with gap up of more than 2%, does the stock rise? Data tested from 2012.
StockName , Sum of (close-open) %, Sum of abs(close-open)%, No of trades in 4 years
| JPASSOCIAT | -27.32610219 | 186.49 | 49 |
| HDIL | 6.918107082 | 112.75 | 35 |
| ARVIND | -15.62888451 | 37.44 | 10 |
| ADANIENT | -5.435449073 | 54.09 | 18 |
| HAVELLS | -21.25835332 | 41.05 | 9 |
| MARICO | -39.96573965 | 59.93 | 21 |
| INDIACEM | -68.85385005 | 124.15 | 37 |
| ORIENTBANK | -42.11056829 | 115.61 | 36 |
| AUROPHARMA | -46.51498804 | 91.83 | 20 |
| ABIRLANUVO | -12.20098535 | 41.41 | 16 |
| HINDPETRO | -22.54552241 | 80.6 | 29 |
| LTFH | -26.20525764 | 86.26 | 35 |
| TORNTPHARM | -65.52778734 | 95.43 | 40 |
| BOSCHLTD | -18.62853516 | 37.35 | 18 |
| JISLJALEQS | -43.31868274 | 101.4 | 28 |
| GMRINFRA | -87.8594496 | 172.09 | 61 |
| GAIL | -12.51424082 | 21.94 | 12 |
| JUBLFOOD | -4.557456022 | 22.45 | 7 |
| SRTRANSFIN | 2.299413528 | 46.95 | 15 |
| SINTEX | -23.85124559 | 98.82 | 37 |
| SIEMENS | -15.55014222 | 21.18 | 10 |
| SUNPHARMA | -2.391231081 | 22.7 | 14 |
| JUSTDIAL | -15.71188357 | 50.5 | 14 |
| ITC | 2.886965737 | 5.11 | 3 |
| APOLLOHOSP | -37.66990604 | 38.11 | 13 |
| POWERGRID | 0 | 0 | 0 |
| GRASIM | 11.04174322 | 11.19 | 4 |
| INFY | -2.500189208 | 38.98 | 14 |
| IGL | -13.85018987 | 42.93 | 14 |
| RPOWER | -18.61653415 | 39.83 | 24 |
| BHEL | 16.12160525 | 45.63 | 20 |
| GODREJCP | -89.51885313 | 90.26 | 28 |
| BEML | -14.88913373 | 58.07 | 33 |
| PNB | -28.62738614 | 59.73 | 18 |
| TATACOMM | -19.49069376 | 88.32 | 32 |
| OIL | -52.08247373 | 53.01 | 22 |
| NIITTECH | -64.8338293 | 88.24 | 29 |
| ALBK | -13.04923915 | 58.39 | 24 |
| IDEA | -33.27583111 | 47.3 | 17 |
| CROMPGREAV | -49.9852008 | 71.38 | 24 |
| IDFCBANK | -9.65067349 | 9.65 | 7 |
| TATACHEM | -20.10151924 | 25.29 | 13 |
| BANKINDIA | -41.17012134 | 108.86 | 36 |
| RCOM | 4.287864937 | 80.79 | 26 |
| MCDOWELL_N | -5.030194248 | 94 | 21 |
| JSWENERGY | -19.23503614 | 149.36 | 40 |
| ICICIBANK | 8.120235266 | 39.84 | 26 |
| TITAN | -17.77907956 | 59.17 | 17 |
| IBREALEST | 28.64923837 | 197.22 | 52 |
| DISHTV | -7.809799645 | 49.45 | 21 |
| RELINFRA | 17.08722569 | 44.91 | 21 |
| ACC | 3.485578844 | 3.49 | 2 |
| RELCAPITAL | 15.13681549 | 75.17 | 28 |
| RELIANCE | 5.448744172 | 25.64 | 13 |
| TATAELXSI | -19.61787874 | 26.67 | 13 |
| UPL | 3.918800681 | 5.79 | 4 |
| RECLTD | 14.44721147 | 41.51 | 18 |
| AXISBANK | -2.395651934 | 55.77 | 28 |
| JETAIRWAYS | -48.34884996 | 196.7 | 55 |
| EICHERMOT | -74.99507894 | 129.14 | 51 |
| JSWSTEEL | 12.25074036 | 20.77 | 7 |
| SOUTHBANK | -95.69516029 | 120.74 | 35 |
| ASHOKLEY | -101.8843838 | 168.37 | 56 |
| CADILAHC | -50.51199764 | 54.84 | 18 |
| BANKBARODA | -6.932646783 | 67.95 | 21 |
| BAJFINANCE | -40.38318483 | 78.94 | 38 |
| ZEEL | -20.52294228 | 30.8 | 11 |
| IRB | -34.8279921 | 91.9 | 37 |
| TECHM | -45.58843225 | 69.61 | 18 |
| ASIANPAINT | -5.630510755 | 5.63 | 3 |
| WOCKPHARMA | -72.70258187 | 154.88 | 56 |
| SBIN | -13.41877562 | 57 | 23 |
| COLPAL | -44.48511644 | 46.1 | 14 |
| LUPIN | -26.44000687 | 29.67 | 11 |
| GODREJIND | -37.92813947 | 70.67 | 19 |
| ADANIPORTS | -20.03265154 | 69.62 | 21 |
| ANDHRABANK | -17.37331468 | 75.96 | 25 |
| ULTRACEMCO | -8.093124692 | 31.9 | 13 |
| IBULHSGFIN | 3.853731371 | 41.68 | 13 |
| AMBUJACEM | 7.75268395 | 8.37 | 5 |
| NCC | -92.74904606 | 310.37 | 76 |
| FEDERALBNK | -61.58029764 | 92.88 | 37 |
| TATAMTRDVR | -13.29062406 | 53.31 | 28 |
| AJANTPHARM | -50.48423589 | 66.21 | 32 |
| HINDUNILVR | -4.30677195 | 27.83 | 7 |
| BHARTIARTL | -2.760943506 | 41.24 | 19 |
| NTPC | 7.108794797 | 13.48 | 6 |
| HEXAWARE | -0.178899116 | 68.13 | 28 |
| CANBK | -12.01056846 | 87.46 | 28 |
| PFC | 2.759165233 | 85.42 | 25 |
| CUMMINSIND | -55.84490326 | 68.18 | 26 |
| INFRATEL | -40.9635048 | 70.71 | 20 |
| SRF | -46.21250814 | 106.32 | 38 |
| EXIDEIND | -21.66887638 | 35.29 | 13 |
| TATAGLOBAL | -25.69903946 | 52.64 | 17 |
| TATAPOWER | -13.91952694 | 34.76 | 17 |
| WIPRO | -5.162923704 | 16.2 | 10 |
| LT | 18.5049291 | 26.18 | 13 |
| HCLTECH | -16.32849032 | 21.52 | 10 |
| DABUR | -31.31283597 | 38.9 | 11 |
| SYNDIBANK | -34.42217561 | 88.31 | 31 |
| CASTROLIND | 3.103825563 | 10.8 | 2 |
| SUNTV | -7.577627704 | 62.85 | 20 |
| TCS | -5.647374233 | 24.04 | 12 |
| COALINDIA | -17.60770549 | 23.05 | 10 |
| YESBANK | 19.03962631 | 109.24 | 35 |
| KOTAKBANK | -16.81416131 | 36.62 | 16 |
| DLF | 51.90427002 | 110.47 | 40 |
| BEL | -44.58298807 | 92.13 | 29 |
| CESC | -16.95623089 | 35.82 | 15 |
| TORNTPOWER | -49.25612942 | 90.26 | 30 |
| KPIT | -32.02608543 | 93.03 | 37 |
| UNIONBANK | -34.17727551 | 87.42 | 25 |
| NMDC | -6.231011045 | 39.84 | 17 |
| GRANULES | -75.89438033 | 201.04 | 55 |
| MM | -6.308605213 | 11.57 | 6 |
| CIPLA | -11.26761811 | 15.09 | 9 |
| OFSS | -22.42548012 | 30.39 | 16 |
| PTC | -6.489572282 | 80.5 | 32 |
| HDFC | -12.51945461 | 27.48 | 11 |
| CEATLTD | -45.521239 | 69.88 | 25 |
| PETRONET | -20.16833721 | 23.07 | 11 |
| GLENMARK | -26.93497808 | 56.51 | 19 |
| IDBI | -43.48651127 | 77.21 | 30 |
| KSCL | -131.629617 | 209.67 | 79 |
| ICIL | -731.3678047 | 1110.89 | 246 |
| INDUSINDBK | -44.40555381 | 75.31 | 27 |
| CAIRN | -21.22236281 | 57.47 | 22 |
| BIOCON | -12.68110054 | 23.31 | 11 |
| LICHSGFIN | -5.347311302 | 52.09 | 21 |
| BHARATFORG | -17.4231582 | 46.18 | 20 |
| MCLEODRUSS | -62.04295853 | 89.38 | 23 |
| HINDALCO | -16.38579565 | 47.39 | 24 |
| CONCOR | -95.64042868 | 117.35 | 40 |
| MARUTI | -1.171339638 | 23.72 | 8 |
| IOC | -49.4409745 | 61.85 | 22 |
| PCJEWELLER | -82.93014342 | 175.21 | 47 |
| DCBBANK | 3.362272377 | 44.64 | 19 |
| BRITANNIA | -21.58679726 | 45.79 | 19 |
| PIDILITIND | -43.36076451 | 50.15 | 22 |
| HEROMOTOCO | -20.27581526 | 20.28 | 8 |
| PAGEIND | -84.75346482 | 97.97 | 39 |
| NHPC | -74.29842794 | 98.13 | 27 |
| HDFCBANK | -11.14099193 | 24.33 | 10 |
| TATAMOTORS | 19.41665744 | 42.91 | 29 |
| BATAINDIA | -5.230801989 | 12.75 | 6 |
| CENTURYTEX | 1.969653423 | 36.08 | 18 |
| VEDL | 3.633897425 | 49 | 16 |
| APOLLOTYRE | -50.73160818 | 59.29 | 20 |
| DRREDDY | -8.280705509 | 10.73 | 6 |
| TATASTEEL | -1.797890652 | 52.01 | 22 |
| MRF | -21.95918899 | 26.92 | 13 |
| DHFL | 21.59590695 | 52.31 | 13 |
| AMARAJABAT | -4.439943169 | 60.91 | 18 |
| ONGC | 3.323130734 | 47.41 | 21 |
| MOTHERSUMI | -43.79802951 | 70.95 | 32 |
| KTKBANK | -43.05275324 | 82.55 | 35 |
| HINDZINC | -54.70236533 | 68.74 | 23 |
| STAR | -70.41790671 | 80.6 | 21 |
| ADANIPOWER | -56.99759995 | 113.94 | 45 |
| BAJAJ_AUTO | -10.34207351 | 14.3 | 7 |
| SAIL | 1.993593884 | 47.59 | 22 |
| TV18BRDCST | -61.1422626 | 226.33 | 55 |
| BPCL | 2.311829919 | 54.47 | 21 |
| MINDTREE | -45.91844294 | 64.12 | 28 |
| DIVISLAB | -24.82082949 | 45.18 | 15 |
| JINDALSTEL | -23.03375172 | 95.34 | 30 |
| UBL | -51.5736475 | 58.57 | 18 |
| VOLTAS | -22.43468784 | 76.88 | 23 |
| MMFIN | -64.98440681 | 93.73 | 30 |
| BHARATFIN | 0 | 0 | 0 |
| TVSMOTOR | -140.0207785 | 183.65 | 50 |
| IFCI | -23.62337616 | 104.79 | 37 |
| IDFC | -3.258244886 | 81.15 | 27 |
Total trades : 4255
Total sum of % change(2nd column) : -5031%. Gaps getting filled.
Total sum of abs change : 12570.
2.95% change per trade.
The results look, stocks seem to be trending after a gap up.
Let's take a look from the gap down of more than 2%.
StockName, sum of % Change open -close, Sum of absolute % change open-close, no of trades
| JPASSOCIAT | 16.2 | 138.15 | 39 |
| HDIL | -2.96 | 161.84 | 36 |
| ARVIND | -6.44 | 29.34 | 12 |
| ADANIENT | 72.16 | 143.45 | 17 |
| HAVELLS | -18.38 | 36.78 | 10 |
| MARICO | -11.42 | 18.29 | 10 |
| INDIACEM | -64.62 | 115.8 | 32 |
| ORIENTBANK | -2.53 | 66.61 | 25 |
| AUROPHARMA | -23.99 | 55.85 | 19 |
| ABIRLANUVO | -11.69 | 51.2 | 13 |
| HINDPETRO | -30.11 | 71.26 | 14.00 |
| LTFH | -13.61 | 36.1 | 13 |
| TORNTPHARM | -57.08 | 90.08 | 28 |
| BOSCHLTD | -6.75 | 12.81 | 5.00 |
| JISLJALEQS | -12.28 | 81.72 | 24.00 |
| GMRINFRA | -39.73 | 114.21 | 39 |
| GAIL | -7.41 | 10.16 | 8 |
| JUBLFOOD | -24.72 | 35.6 | 10 |
| SRTRANSFIN | -32.07 | 75.41 | 19 |
| SINTEX | -12.97 | 82.87 | 23 |
| SIEMENS | -4.12 | 7.48 | 4 |
| SUNPHARMA | -5.05 | 28.73 | 13.00 |
| JUSTDIAL | -1.02 | 43.47 | 14 |
| ITC | -3.41 | 3.41 | 2 |
| APOLLOHOSP | -7.38 | 18.79 | 7 |
| POWERGRID | -0.35 | 16.51 | 4.00 |
| GRASIM | -1.84 | 7.53 | 3 |
| INFY | 30.27 | 41.48 | 13 |
| IGL | 19.36 | 29.16 | 4 |
| RPOWER | 15.21 | 28.12 | 9 |
| BHEL | 12.52 | 49.57 | 13 |
| GODREJCP | -73.45 | 73.6 | 12 |
| BEML | -25.02 | 66.62 | 29.00 |
| PNB | -5.9 | 44.52 | 15 |
| TATACOMM | -15.53 | 39.11 | 12 |
| OIL | -4.99 | 26.61 | 13 |
| NIITTECH | -55.04 | 80.99 | 33 |
| ALBK | -28.98 | 52.1 | 15 |
| IDEA | -50.62 | 63.75 | 20 |
| CROMPGREAV | -33.62 | 69.57 | 20 |
| IDFCBANK | 7.53 | 7.53 | 3 |
| TATACHEM | -4.15 | 26.9 | 10 |
| BANKINDIA | 11.92 | 62.87 | 22 |
| RCOM | -16.65 | 71.49 | 17 |
| MCDOWELL_N | -73.52 | 94.45 | 18 |
| JSWENERGY | -63.17 | 110.63 | 32.00 |
| ICICIBANK | 5.25 | 22.88 | 12 |
| TITAN | -17.36 | 50.7 | 13 |
| IBREALEST | 3.02 | 101.82 | 28 |
| DISHTV | -55.98 | 82.05 | 23 |
| RELINFRA | 3.78 | 56.11 | 12 |
| ACC | -17.73 | 17.73 | 7 |
| RELCAPITAL | -10.72 | 54.21 | 14.00 |
| RELIANCE | 5.25 | 9.67 | 4 |
| TATAELXSI | -45.87 | 83.96 | 21.00 |
| UPL | 12.34 | 18.19 | 7.00 |
| RECLTD | 5.25 | 48.94 | 16 |
| AXISBANK | 16.94 | 52.21 | 19 |
| JETAIRWAYS | -49.46 | 116.18 | 31 |
| EICHERMOT | -16.46 | 43.68 | 16 |
| JSWSTEEL | -21.74 | 35.55 | 9.00 |
| SOUTHBANK | -51.65 | 52.89 | 14.00 |
| ASHOKLEY | -113.38 | 139.88 | 31 |
| CADILAHC | -14.19 | 28.52 | 12 |
| BANKBARODA | -19.2 | 33.22 | 14 |
| BAJFINANCE | -45.48 | 65.37 | 20 |
| ZEEL | -23.64 | 31.22 | 12 |
| IRB | -7.85 | 88.96 | 25 |
| TECHM | -17.76 | 47.19 | 16 |
| ASIANPAINT | 7.40 | 8.27 | 6 |
| WOCKPHARMA | -96.04 | 160.31 | 51 |
| SBIN | -16.88 | 39.62 | 14 |
| COLPAL | -30.54 | 32.97 | 10 |
| LUPIN | -34.55 | 39.57 | 11 |
| GODREJIND | -27.51 | 51.15 | 10.00 |
| ADANIPORTS | -38.8 | 56.6 | 17 |
| ANDHRABANK | -9.44 | 50.66 | 15 |
| ULTRACEMCO | -40.18 | 42.18 | 12 |
| IBULHSGFIN | -6.78 | 53.94 | 21.00 |
| AMBUJACEM | -14.61 | 21.71 | 11 |
| NCC | -18.15 | 133.37 | 35 |
| FEDERALBNK | -9.07 | 42.56 | 21 |
| TATAMTRDVR | -19.13 | 64.98 | 21 |
| AJANTPHARM | -14.14 | 60.45 | 18 |
| HINDUNILVR | -4.81 | 5.29 | 3.00 |
| BHARTIARTL | -17.97 | 34.59 | 10 |
| NTPC | 17.55 | 20.71 | 5 |
| HEXAWARE | -38.39 | 45.86 | 15 |
| CANBK | 8.85 | 72.95 | 23 |
| PFC | -5.41 | 32.09 | 14 |
| CUMMINSIND | -26.23 | 26.23 | 6 |
| INFRATEL | -130.12 | 164.1 | 43 |
| SRF | -31.1 | 92.87 | 29 |
| EXIDEIND | -31.19 | 37.67 | 13.00 |
| TATAGLOBAL | -38.24 | 39.55 | 11 |
| TATAPOWER | -24.2 | 42.94 | 13 |
| WIPRO | 8.29 | 31.26 | 15 |
| LT | 1.18 | 21.3 | 9 |
| HCLTECH | -2.82 | 30.99 | 15.00 |
| DABUR | -7.7 | 18.26 | 9 |
| SYNDIBANK | -3.3 | 58.34 | 20 |
| CASTROLIND | 3.89 | 7.48 | 2 |
| SUNTV | 7.93 | 95.81 | 20 |
| TCS | 7.06 | 15.86 | 10 |
| COALINDIA | -7.23 | 18.93 | 12.00 |
| YESBANK | 20.01 | 65.57 | 17 |
| KOTAKBANK | 3.41 | 17.27 | 10.00 |
| DLF | 22.64 | 130.85 | 33 |
| BEL | -33 | 58.36 | 20 |
| CESC | 9.72 | 35.97 | 11.00 |
| TORNTPOWER | -12.88 | 44.98 | 13 |
| KPIT | -41.88 | 128.09 | 20 |
| UNIONBANK | -7.25 | 91.61 | 26 |
| NMDC | -15.32 | 34.51 | 18 |
| GRANULES | -47.62 | 76.22 | 17 |
| MM | -5.85 | 19.4 | 9 |
| CIPLA | 10.63 | 10.63 | 3.00 |
| OFSS | -13.94 | 37.18 | 14 |
| PTC | -48.77 | 76.29 | 21.00 |
| HDFC | 2.82 | 9.48 | 6 |
| CEATLTD | -127.23 | 149.91 | 40.00 |
| PETRONET | -17.09 | 28.58 | 13.00 |
| GLENMARK | -26.91 | 35.52 | 15 |
| IDBI | -21.2 | 61.05 | 17 |
| KSCL | -103.22 | 119.09 | 31 |
| ICIL | -843.02 | 952.07 | 212 |
| INDUSINDBK | 3.56 | 32.62 | 11 |
| CAIRN | -1.74 | 55.87 | 20.00 |
| BIOCON | -15.66 | 30.77 | 7 |
| LICHSGFIN | -10.1 | 32.65 | 9 |
| BHARATFORG | -12.17 | 23.03 | 11 |
| MCLEODRUSS | -34.88 | 57.19 | 12 |
| HINDALCO | -26.71 | 55.35 | 22 |
| CONCOR | -30.21 | 50.34 | 21 |
| MARUTI | 3.93 | 20.72 | 9.00 |
| IOC | -33.44 | 46.33 | 17.00 |
| PCJEWELLER | -9.99 | 57.56 | 25 |
| DCBBANK | 16.39 | 28.83 | 6 |
| BRITANNIA | -47.58 | 49.86 | 8 |
| PIDILITIND | -12.76 | 19.57 | 11.00 |
| HEROMOTOCO | -8.35 | 11.47 | 6 |
| PAGEIND | -31.62 | 48.33 | 22.00 |
| NHPC | -54.90 | 56.13 | 10.00 |
| HDFCBANK | 4.90 | 5.68 | 3 |
| TATAMOTORS | 0.30 | 58.11 | 21.00 |
| BATAINDIA | -28.16 | 49.27 | 20 |
| CENTURYTEX | -17.09 | 53.88 | 16 |
| VEDL | 9.2 | 67.7 | 14 |
| APOLLOTYRE | 10.25 | 74.29 | 14 |
| DRREDDY | -6.25 | 8.79 | 5 |
| TATASTEEL | -3.53 | 46.96 | 14.00 |
| MRF | -12.71 | 16.04 | 6 |
| DHFL | -2.34 | 65.91 | 19.00 |
| AMARAJABAT | -62.64 | 76.35 | 17 |
| ONGC | -0.02 | 30.35 | 15 |
| MOTHERSUMI | -54.38 | 92.23 | 24 |
| KTKBANK | -39.68 | 76.6 | 16 |
| HINDZINC | -32.86 | 32.86 | 15 |
| STAR | -61.71 | 96.66 | 19 |
| ADANIPOWER | 8.28 | 67.00 | 21.00 |
| BAJAJ_AUTO | 4.15 | 9.59 | 5 |
| SAIL | -6.84 | 40.34 | 13.00 |
| TV18BRDCST | -38.97 | 76.3 | 29 |
| BPCL | -0.03 | 27.74 | 11 |
| MINDTREE | -23.77 | 41.19 | 14 |
| DIVISLAB | -19.01 | 19.01 | 6 |
| JINDALSTEL | -15.41 | 127.8 | 31 |
| UBL | -12.96 | 48.88 | 15 |
| VOLTAS | -45.61 | 71.98 | 24 |
| MMFIN | -30.35 | 49.92 | 14 |
| BHARATFIN | 0.00 | 0 | 0 |
| TVSMOTOR | -71.71 | 80.62 | 28 |
| IFCI | -96.71 | 167.07 | 27 |
| IDFC | 20.68 | 69.01 | 16 |
In gap down, movement is good.
Total trades : 2984.
Total sum of open -close % (2nd column): -4069. => Gaps filled.
Sum of absolute change(3rd column) : 10252.
It shows a movement of 3.43% per trade.
The above also shows gaps are often filled. Now, further study needs to be done on the Opening range breakout on the stocks with a gap.
0 comments:
Post a Comment