T20 breakout stocks: Best swing trading stocks to keep an eye on!

In the initial part of the trading session, Nifty touched a milestone of 16,700. However, as the day progressed, the index came off nearly 150 points from the day’s high and ended the day with a loss of about 0.28 per cent.   

The broader market indices ended the day on a mixed note as Nifty Midcap 100 added 0.29 per cent while Smallcap 100 lost 0.26 per cent.   

Despite Nifty index losing nearly 150 points from the day’s high, it did not breach its prior trading low. Moreover, India VIX, a gauge of the market’s expectation of volatility over the near term, dropped nearly 4 per cent, which suggests that there is no fear among the market participants now. 

Considering this, the T20 breakout system has hand-picked the following stocks for the coming trading sessions:   

Aster DM Healthcare: The stock has yet again appeared in the list of T20 breakout system. Hence, we would suggest holding this stock to trail long positions.   

Kajaria Ceramics: The stock was seen roaring like a lion in otherwise a volatile market. The stock witnessed buying interest throughout the day and a testimony of this is that the volume distribution of the day was evenly poised.   

United Spirits (McDowell): Spirits stocks witnessed good moves during the trading session on Wednesday while United Spirits was seen leading from the front. The open price was the lowest point of the day while the stock has managed to close near the highs of the day.   

MindTree: The stock witnessed a gap-up opening and the bulk of the move was seen in the initial hour of the trade. Volumes too were quite profound and striking in the first half of the trading session. Thereafter, the stock moved in a capped range. Hence, you can keep this on your radar or your watchlist.