T20 breakout stocks: Best swing trading stocks to keep an eye on!
Among the sectoral indices, Nifty Bank was the top loser while on the flipside, Nifty IT was the top gainer with the majority of its constituents ending the day with solid gains.
The Indian benchmark indices started off the day on a buoyant note and on the way up, NSE benchmark Nifty went on to touch an intraday high of 17,373.50. However, this rally was used by the market participants to offload the position (sell on rally situation) as they preferred to go light into the weekend, considering strong volatility seen in the US markets in the recent past. At the end of the day, Nifty settled with a loss of 0.05 per cent.
Though Nifty ended the day with a modest loss of 0.05 per cent, it corrected over 250 points from the day’s high. The IT bellwether TCS and Infosys were the top contributors to Nifty’s kitty as they combinedly contributed nearly 17 points. While on the other hand, banking heavyweight led the decline as ICICI Bank and HDFC Bank combinedly contributed 33 points to Nifty’s fall.
Among the sectoral indices, Nifty Bank was the top loser while on the flipside, Nifty IT was the top gainer with the majority of its constituents ending the day with solid gains.
We have prepared a list of stocks, based on the T20 Breakout system, which has the potential to outperform in the near term.
Here is the list of stocks:
HT Media: The stock has recorded one of the best single-day gains in a long time. Therefore, watch out for the stock!
Pokarna Ltd: The stock has recorded one of the best single-day gains in a long time. Moreover, it also witnessed good volume action in the second half of the trading session.
Lotus Eye: The stock has made its way into the list as it closed above the 20-day high while its volumes are higher in the last 20 days. Hence, watch out for the stock!
NTPC: The stock has made its way into the list as it closed above the 20-day high while its volumes are higher in the last 20 days. Therefore, watch out for the stock!