Nifty 16742.8 (-2.64%)
Sensex 57696.46 (-1.31%)
Nifty Bank 37767.05 (4.34%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (0.00%)
Asian Paints 3100.00 (-0.34%)
Axis Bank 675.30 (0.34%)
B P C L 362.00 (-6.19%)
Bajaj Auto 3615.00 (9.95%)
Bajaj Finance 6645.00 (-6.00%)
Bajaj Finserv 16439.00 (-6.00%)
Bharti Airtel 718.00 (-0.05%)
Britannia Inds. 3542.75 (-0.31%)
Cipla 860.00 (-5.71%)
Coal India 152.00 (-4.85%)
Divis Lab. 4471.00 (-6.01%)
Dr Reddys Labs 4320.00 (-6.02%)
Eicher Motors 2701.00 (10.00%)
Grasim Inds 1874.25 (10.00%)
H D F C 2499.90 (-9.80%)
HCL Technologies 1101.00 (-6.01%)
HDFC Bank 1400.00 (-7.50%)
HDFC Life Insur. 645.00 (-6.65%)
Hero Motocorp 2699.90 (9.64%)
Hind. Unilever 2109.30 (-10.00%)
Hindalco Inds. 400.00 (-5.80%)
I O C L 130.00 (6.38%)
ICICI Bank 799.95 (11.68%)
IndusInd Bank 1040.00 (9.34%)
Infosys 1700.00 (-2.05%)
ITC 195.00 (-12.02%)
JSW Steel 703.00 (9.07%)
Kotak Mah. Bank 1999.00 (4.43%)
Larsen & Toubro 1975.40 (9.67%)
M & M 890.00 (6.34%)
Maruti Suzuki 6788.00 (-5.84%)
Nestle India 18162.00 (-6.00%)
NTPC 115.00 (-9.45%)
O N G C 145.00 (-0.62%)
Power Grid Corpn 206.10 (0.00%)
Reliance Industr 2122.65 (-11.86%)
SBI Life Insuran 1049.40 (-10.00%)
Shree Cement 24359.00 (-6.00%)
St Bk of India 567.65 (19.97%)
Sun Pharma.Inds. 676.65 (-10.00%)
Tata Consumer 850.00 (9.78%)
Tata Motors 450.00 (-6.27%)
Tata Steel 1215.00 (8.68%)
TCS 3448.00 (-5.29%)
Tech Mahindra 1470.00 (-7.74%)
Titan Company 2433.25 (2.70%)
UltraTech Cem. 6599.25 (-10.00%)
UPL 712.95 (0.03%)
Wipro 580.00 (-9.48%)

Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 09/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Motilal Oswal, Polycab India, Fortis Healthcare.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

    

  1. Motilal Oswal: The stock surged a massive 7% on Tuesday and it managed to close near the day’s high. The stock’s daily range was greater than its 10-day average range. A huge volume spike was seen in today’s trading session which indicates interest at a bigger level. The volume was far greater than its previous trading session and in fact it was above its 10 and 30-day average volume. The stock is trading above its 20,50,100 and 200 DMA showing extreme bullishness. The RSI is above 70, which validates positive bias. In the near term, the stock shows potential to touch the levels of Rs 1042 followed by Rs 1188 which is its all-time high. Considering the steam, it still has, traders should include this stock in their watchlist.

  1. Polycab India: The stock rose 4% on Tuesday and closed above its 20-DMA. From the past few trading sessions, the stock was continuously taking support at its 50 DMA and finally it shot up today. Today’s volume was greater than its 10 and 30 day-average volume. The stock formed a sizable bullish candle after a very long time. Interestingly, the stock is nearing its all-time high of Rs 2650. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 2650 and beyond, while immediate support lies at Rs 2400.

  1. Fortis Healthcare: This healthcare stock was trading weak for the past few trading sessions but on Tuesday, it rose nearly 7%. With this, it has managed to close above its 50-DMA and interestingly, it is already trading above the 20 and 100-DMA, which is indicating strength in the stock. A good volume spike on Tuesday supports our claim. In addition to this, the daily range of the stock was twice its 10-days average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 290 followed by Rs 300 in the near to medium term. On the downside, support is seen around Rs 250 levels. 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

These stocks saw huge volume burst in the last leg of the trading session!

These stocks saw huge volume burst in the last leg of the trading session!
by 5paisa Research Team 09/11/2021

Bosch Ltd, IDFC and Naukri have witnessed volume burst in the last 75-minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Bosch Ltd: The stock rose as much as 3% in the trading session that ended Tuesday. Bosch is going strong for a few trading sessions and the technical parameters suggests that the momentum is likely to continue. The stock gained around 2% in the final hour after correcting initially. It is important to note that good volume was observed in the final hour showing active participation from market players. We suggest you keep this stock on your radar.

IDFC: IDFC, too, surged a healthy 3% on Tuesday. What’s interesting about the stock is that it witnessed a massive volume spike in the last hour of Tuesday. As much as 70% of total volume was seen in the last one hour. Moreover, the stock is nearing its resistance and thus can have a possible breakout. Traders should closely watch this stock for quick profits.

Naukri: Naukri gained a healthy 1% on Tuesday nearly outperforming the indices. It traded flat to mild-negative throughout the day except for the last 75-minutes. More than half of today’s volume came in the last trading hour. The stock is in the consolidation zone for the past few days and is ready for a breakout. Market participants should keep a close watch on this stock.

 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

These smallcap stocks will be in focus on Wednesday, November 10!

These smallcap stocks will be in focus on Wednesday, November 10!
by 5paisa Research Team 09/11/2021

The frontline indices slipped into the red on Tuesday however the volumes remained low. The broader markets outperformed on Tuesday with the BSE Midcap index gaining by 0.82% and the Smallcap index gaining by 0.71% on Tuesday.

Godrej Industries was the top BSE Midcap index gainer on Tuesday, up by more than 7% followed by Motilal Ostwal, gaining nearly 6%.

Auto stocks remained in limelight on Tuesday as almost all the auto index constituents closed in green.

Following small cap stocks will be in focus on Wednesday, November 10

Bullish Engulfing Pattern: Esab India, Mercury Laboratories, KG Petrochem, Priya, Expleo Solutions and Deep Polymers saw a bullish engulfing candlestick pattern formed on Tuesday. These small stocks will be viewed with a bullish perspective on Wednesday.

White Marubozu Candlestick: Ansal Buildwell, Rushil Décor, Syncom Formulation, Lakshmi Electrical Control Systems, Ircon Engineers and Sofcom Systems are the smallcap stocks that saw a white Marubozu candlestick pattern forming on Tuesday. The White Marubozu candlestick pattern indicates a positive closing. These shares will be in focus on Wednesday.
 

52 Week High: India Glycols, Aptech, DCM, DCM Nouvelle, BSL, Jindal Poly Investments, Tata Tele and TARC Ltd are some of the outperforming small caps that made a fresh 52-week high in Tuesday's trading session. These stocks will be in focus on Wednesday.

Volume shockers: The shares of Hypersoft Technologies gained by 5% with a spurt in the volume by 3100.50 times. Deep Diamonds soared by 4.98% and volume jumped by 1200 times on Tuesday. Polycon International shares jumped by 4.69% in Tuesday's trading session while the volume was seen 500.07 times the average daily volume. These volume gainers will be in focus on Wednesday.

*The results to watch tomorrow - Affle India, Bank of Baroda, CRISIL, Equitas Holding, India Cements, Oil India.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

This buzzing stock has almost doubled investors’ wealth in a year!

This buzzing stock has almost doubled investors’ wealth in a year!
by 5paisa Research Team 09/11/2021

Motherson Sumi Systems is in the news again.

Motherson Sumi has been one of the buzzing stocks of the month. The stock was in the news due to the board’s approval of raising about Rs 1000 crore through the issuance of non-convertible debentures (NCDs). The stock has been an absolute winner for the shareholders. It has almost doubled its shareholders’ wealth in the trailing twelve months period, as it appreciated by a whopping 94% in the last year.

The company will be raising money on a private placement basis, in one or more series/tranches to certain eligible investors permitted to invest in the NCDs. On 8 November 2021, the stock ran by 2.98% on the BSE making it one of the trending companies of the day.

The stock was buzzing last month as well when it had announced the acquisition of two companies. One of the companies acquired was CIM Tools, which is engaged in manufacturing activities in the aerospace segment. The acquisition was a step into the diversification into non-automotive segments for the Motherson Group. One of the key risks for investors is the concentration in the auto sector. Any negative event in the sector would directly impact the company’s business. Hence, diversification remains a crucial task for the company.

Motherson Sumi is primarily engaged in the manufacturing and sale of automotive components for OEMs. The company has planned to focus on new areas such as aerospace, logistics solutions, technology and industrial solutions, and health & medical to generate 25% revenues from them by 2025.

The stock closed at Rs 239.00, marginally up by 0.19% on the BSE as on 9th November, 2021. The stock currently has a P/E of 34.7. The stock had created a fresh 52-week high of Rs 273 and a 52-week low of Rs 117.65.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Penny Stock Update: These stocks gained up to 10.00% on Tuesday 

Penny Stock Update
by 5paisa Research Team 09/11/2021

Today Indian equity market traded volatile. BSE Industrials Index is the top gainer whereas, BSE Metal Index is the top loser in Tuesday’s trade.

Indian equity market started the week in green however, in today’s trade, the market remained quite volatile. The broader market continued to outperform frontline line equity indices.

The Nifty 50 and BSE Sensex closed in red, down by 24.30 points i.e., 0.13% and 112.16 points i.e., 0.19% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up are Reliance Industries, ICICI Bank, M&M and Larsen & Toubro. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are HDFC Bank, HDFC, Bajaj Finance and Bajaj Finserv.

In today’s trade, the S&P BSE Industrials, S&P BSE Capital Goods, S&P BSE Auto and S&P BSE 150 Midcap Index are top gainers. BSE Industrials index consisting of stocks such as Esab India Ltd, ELGI Equipments Ltd, Tata Motors Ltd and SML Isuzu Ltd are top gainers.

Today, four sectoral indices were top losers, which are S&P BSE Metal, S&P BSE Consumer Durables, S&P BSE BANKEX and S&P BSE Private Banks. BSE Metal index consisting of stocks such as Jindal Steel Ltd, Vedanta Ltd, JSW Steel Ltd and Hindustan Zinc Ltd are the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Tuesday, November 9, 2021:

Sr No.           

Stock           

LTP            

Price Gain%           

1.           

A2Z Infra Engineering Ltd   

6.05  

10.00  

2.           

Sanwaria Consumer Ltd  

0.65  

8.33  

3.           

Antarctica Ltd  

0.7  

7.69  

4.           

Visagar Polytex Ltd  

0.85  

6.25  

5.           

Sintex Industries Ltd  

7.35  

5.00  

6.           

SREI Infrastructure Finance Ltd  

5.25  

5.00  

7.           

Hilton Metal Forging Ltd  

14.8  

4.96  

8.           

GTL Ltd  

15  

4.90  

9.           

Sumit Woods Ltd  

11.8  

4.89  

10.           

Aksh Optifibre Ltd  

9.7  

4.86  

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Chart Busters: Top trading set-ups to watch out for on Wednesday

Chart Busters: Top trading set-ups to watch out for on Wednesday
by 5paisa Research Team 10/11/2021

On Tuesday, the benchmark index Nifty traded in a narrow range of 130 points and formed a small body bearish candle. The broader market has outperformed the benchmark indices. The advance-decline ratio was in the favour of advancers.

Here are the top trading set-ups to watch out for Wednesday.

Karnataka Bank: The stock has formed a Doji candlestick pattern as of September 16, 2021, and thereafter witnessed correction along with low volume. During the correction, the stock has formed a symmetrical triangle pattern on the daily chart. Currently, the stock is on the verge of giving a symmetrical triangle pattern breakout. Further, on Tuesday the volumes recorded were above the 50-days average, which is a sign of accumulation before the actual breakout happens.

Currently, the stock is trading above its short and long-term moving averages. These averages are in edging higher, which is a bullish sign. Interestingly, the leading indicator, 14-period daily RSI is on the verge of giving a breakout of a falling channel. The fast stochastic is trading above its slow stochastic.

Going ahead, the upper trendline of the symmetrical triangle is placed in the zone of Rs 74.50-Rs 75 levels. In case stock sustains above this zone, then we may see a sharp upside in the stock. On the downside, the 8-day EMA will act as strong support for the stock, which is currently placed at the Rs 71.15 level.

Bharat Electronics: The major trend of the stock is bullish as it is trading above its short and long-term moving averages. These averages are in a rising trajectory, which is a bullish sign. On Tuesday, the stock has given downward sloping trendline resistance breakout on the daily chart. This breakout was confirmed by above 50-days average volume.

The momentum indicators and oscillators are also suggesting bullish momentum. The leading indicator, 14-period daily RSI is currently quoting at 65.18 and it is in rising mode. The RSI is trading above its 9-day average. On the weekly chart, the RSI is in the super bullish zone. The Pring's KST has given a fresh buy signal on the weekly chart. Mansfield Relative Strength is above the zero line and shows outperformance as compared to the Nifty 500 index.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the downside, the 8-day EMA will act as strong support for the stock. The 8-day EMA is currently placed at Rs 208.20 level.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order