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Adani Ports 737.45 (-0.22%)
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Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
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Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
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Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
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TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 23/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Craftsman Automation, Hikal Limited, and Indian Energy Exchange

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:

Craftsman Automation: The stock zoomed 5.45% on Tuesday. It formed a bullish engulfing pattern in an open=low scenario.  It closes above its 50-DMA as it looks for a reversal. It is down about 15% percent from its recent high. The volume recorded today was greater than its 10-day average volume. The next resistance is its 20-DMA, crossing this would mean an uptrend for short term. With technical parameters showing bullishness and above average volume makes Craftsman Automation an attractive stock for swing trading.

Hikal: Hikal surged about 6.59% on Tuesday’s trading session. The stock was in a narrow consolidation range before breaking out today. Above average volumes were recorded today. It closed above its 20-DMA but is still below 50 and 100-DMA. However, looking at today’s strong candle, one can expect a big momentum that is about to come. RSI shot up from 40 to 53 showing strength in the stock.  One can include this stock in their watchlist for upcoming days and is a good stock for swing trade.

Indian Energy Exchange: The stock gained a healthy 2.83% on trading session ended Tuesday. The stock gained all the points it had lost in previous trading session. It took support of 20-DMA before taking a reversal and trades above all key moving averages. The RSI still shows the strength in the stock as it lies on 60. Higher volumes were recorded today indicating institutional activity and one could possibly see a trend in coming days.

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Closing Bell: Indian markets snap four-day losing streak, ends above the flatline

Closing Bell: Indian markets snap four-day losing streak, ends above the flatline
by 5paisa Research Team 23/11/2021

Domestic equity indices managed to stay above the flatline after four days led by gains in financial, oil & gas and metal stocks.

Indian equity markets snapped their four-day losing streak on Tuesday led by gains in metal, PSU banks, pharma and oil & gas stocks. The benchmarks opened with a gap down, however, staged a recovery on the back of short-covering. During today's trading session, the Sensex recovered over 1,100 points from the day's lowest level and Nifty 50 index moved above 17,500 after hitting an intraday low of 17,216.

At the closing bell on November 23 Sensex ended 198 points higher at 58,664 and Nifty 50 index advanced 87 points to close at 17,503. On the market depth, around 2346 shares have advanced, 829 shares declined, and 153 shares were unchanged.

Among the top gainers on the Sensex were, Power Grid, NTPC, Tata Steel, Sun Pharma, Bharti Airtel and Bajaj Finserve. Top losers of the day include IndusInd Bank, Asian Paints, Infosys, and Bajaj Auto.

Among the sectoral indices, except IT, all other indices closed in the green, with power, metal, realty, pharma, capital goods, oil & gas, PSU bank indices up 1-3%. In the broader market, BSE midcap and smallcap indices rose over 1% each.

Trending stocks of the day were Power Grid which rose by 4% to close at ₹ 202. JSW Steel, Coal India, NTPC, Adani Ports, Britannia Industries, Divi's Labs, Tata Steel, Bharti Airtel and Tata Motors also rose between 2-4%.

The buzzing stock of the day was Latent View Analytics which made a blockbuster stock market debut as the shares opened for trading at Rs 512 compared with its issue price of ₹ 197, marking a gain of 160%.

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These penny stocks were locked in the upper circuit on Tuesday!

These penny stocks were locked in the upper circuit on Tuesday!
by 5paisa Research Team 23/11/2021

The downtrend continued in the first session, but the markets picked up in the second half, with indices maintaining levels of around 58,700 and 17,500 on the bourses.

Following cues from the previous trading session, Indian equity markets continued their downfall, breaching low levels of 57,750 and 17,233 in the BSE Sensex and Nifty 50 indices, respectively. The downtrend continued in the first session, but the markets picked up in the second half, with indices maintaining levels of around 58,700 and 17,500 on the bourses.

Indian Metals and Ferro Alloys’ share price froze at 5% upper circuit, as the company announced that the board of directors will be considering the issue of bonus shares in their upcoming meeting. The stock was trading at the upper circuit limit of Rs 718.40, up to Rs 34.20 at 11:27 AM. The company's net profit surged three-fold to Rs 143.58 crore in the quarter ended September 2021 as against Rs 43.62 crore during the corresponding quarter in 2020.

In other news coming from the Telecom industry, incumbent Vodafone-Idea has also announced tariff hikes by 20-25% from Thursday, 25 November 2021. This announcement comes after Bharti Airtel made a similar announcement on Monday. Vodafone-Idea believes that the new plans will help address the financial stress being faced by the industry and improve the Average Revenue Per User (ARPU) process. 

Wall Street brokerage firm Goldman Sachs has updated India’s economic growth at 9.1% in the fiscal year 2022. Previously, it had estimated the growth at 11.1%, citing consumption and investment to be the key drivers of growth. It also forecasts headline inflation at 5.8% in 2022.

Latent View Analytics IPO surpassed the analysts’ expectation by listing at 179% above issue price on its first day at the bourses. This lightened the mood of IPO investors, post the Paytm listing debacle.

Following is the list of penny stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions.

Sr No   

Stock   

LTP   

Price Change (%)   

1  

FCS Software  

1.95  

2.63  

2  

Orient Green Power   

7.7  

4.76  

3  

Visagar Polytex  

1  

5.26  

4  

Ballarpur Industries   

1.2  

4.35  

5  

Mercator   

1.45  

3.57  

6  

Prakash Steel   

4.3  

4.88  

7  

Excel Realty   

3.45  

4.55  

8  

Eastern Silk   

5  

4.17  

9  

Punj Llyod   

2.2  

4.76  

10  

SREI Infra Finance  

4.95  

4.21  

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With steel production set to resume in China, what impact will it have on the Indian metal sector?

With steel production set to resume in China, what impact will it have on the Indian metal sector?
by 5paisa Research Team 23/11/2021

As China is a major consumer of Steel and Iron Ore, such news certainly lifts the mood of the Indian metals sector and the metal stocks.

Tuesday turned out to be a terrific one for China’s benchmark iron ore futures, as it shot up nearly 10% and hit the upper circuit limit. The news which propelled the iron ore futures price is that the steelmakers are set to resume production after strict controls in past months following government protocols.

The TSI IRON ORE CFR CHINA INDEX FUTURES was in a bearish phase since May and is currently down by 56% since touching that figure. The iron ore futures traded at 103, up 9.19% on Tuesday, with the hope of rising steel production. The futures consolidated in a narrow range for quite some time before ending in green for the past three trading sessions. The prices have indeed fallen significantly and rapidly, but it remains to be seen whether this is a sign of reversal or just a dead-cat bounce!

The first resistance as per the Fibonacci retracement stands at 119.25 (23.6% reversal) and the next resistance lies at 141 (38.6% reversal). However, we see no significant change in the volumes to validate the point of reversal. Market participants must wait for more clarity before taking any fresh positions.

As China is a major consumer of Steel and Iron Ore, such news certainly lifts the mood of the Indian metals sector and the metal stocks. Nifty Metal is up by 3.22% on Tuesday thereby outperforming all the broader indices. JSW Steel and Tata Steel are up 4.76% and 3.72%, respectively and are the top two gainers in the Nifty 50 in Tuesday's session as well. The index is down by almost 11% from its all-time high and it looks to gain momentum as it tries to close above its 100-DMA. If the Chinese futures continue to rally based on the news flow, we can find the metals stocks to outperform in the coming days.

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

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 23/11/2021

HFCL, Kajaria Ceramics, and Strides Pharma Science Limited 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.

HFCL: The stock traded positive throughout the day, and it gained 6.61% in Tuesday’s trading session. It witnessed huge buying towards the end as it zoomed 5% in a matter of 75 minutes before retracting a little. More than 75% of today’s volume came from this period. The stock is trading in the range of 70-78 and today’s volume burst might indicate that a breakout is on cards.

Kajaria Ceramics:  The stock opened almost 5% down but as the day progressed, it filled the gap and ended up by 1.76%. It made a stupendous move of about 7.2% in today's trading session. Almost 50% of today’s volume was recorded in the last 75 minutes when the stock moved up about 1.8%. It continued to make lower lows in the past few trading sessions, but today's strong green candle might bring some hope for the buyers. It would be interesting to see how the stock performs in the next few days.

Strides Pharma Science Limited: STAR surged nearly 6.77% on Tuesday. The stock traded firmly in green all day, with good volumes. The last 75 minutes recorded almost 50% of the day’s volume as it zoomed about 2.6% in this period. It is trading weak for many months, but it looks to build the momentum on the higher side.

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Add stability to your MF portfolio with large-cap exposure

Add stability to your MF portfolio with large-cap exposure
by 5paisa Research Team 23/11/2021

Large caps tend to fall less when compared with mid-cap and small-cap funds. Hence, provides some downside protection to your portfolio. Read on to find out more.

Large caps that are usually termed blue chips offer great downside protection when compared with mid-caps and small-caps. However, the returns provided by them during a rally is less when compared to midcaps and small-caps. This is the reason why most investors shy away from investing in large caps as they provide lower returns. In this article, we have explained what are large-cap funds and how they can help cushion your equity portfolio when the equity market is not so exciting.

What are large-cap funds?

As defined by the Securities and Exchange Board of India (SEBI), large-cap funds are those which should dedicate a minimum of 80% of their assets to the top 100 stocks in terms of full market capitalization.

Comparison between large, mid and small-cap

To compare the three, we have taken Nifty 100 Total Returns Index (TRI), Nifty Midcap 150 TRI and Nifty Smallcap 250 TRI as the representative of large-cap, mid-cap and small-cap funds, respectively. The period for comparing is from November 21, 2011, to November 22, 2021.

Indices 

Average Rolling Returns (%) 

1-Year 

3-Year 

5-Year 

Nifty 100 TRI 

16.00 

12.96 

12.94 

Nifty Midcap 150 TRI 

22.05 

17.37 

17.61 

Nifty Smallcap 250 TRI 

21.05 

13.84 

14.14 

As we can see from the above table that, mid-caps and small-caps indeed perform better than large-caps in terms of rolling returns. The purpose of using rolling returns is that it gives a better picture than trailing returns. However, only looking at returns tells you the half story. Hence, it makes sense to also look at risk metrics.

Indices 

Risk Metrics 

Standard Deviation (%) 

Sharpe Ratio 

Sortino Ratio 

Maximum Drawdown (%) 

Nifty 100 TRI 

16.87 

0.94 

1.17 

-37.92 

Nifty Midcap 150 TRI 

17.45 

1.26 

1.50 

-43.06 

Nifty Smallcap 250 TRI 

18.89 

1.11 

1.29 

-59.78 

The above table clearly shows that in terms of risk as measured by standard deviation and maximum drawdown, large-caps pose relatively less risk than that of mid-caps and small-caps. Therefore, having a large-cap exposure in your portfolio would help you to contain the downside risk to some extent rather than just investing in mid-caps and small-caps. Moreover, it is prudent to access your risk profile, as it would help you decide the appropriate asset allocation.

Below is the list of top five large-cap funds

Fund Name 

Trailing Returns (%) 

1-Year 

3-Year 

5-Year 

Axis Bluechip Fund 

32.36 

21.60 

20.34 

Canara Robeco Bluechip Equity Fund 

35.02 

22.26 

19.35 

BNP Paribas Large Cap Fund 

32.96 

20.34 

17.07 

Kotak Bluechip Fund 

38.64 

21.05 

17.04 

IDBI India Top 100 Equity Fund 

40.70 

21.02 

15.84 

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