T20 breakout stocks: Best swing trading stocks to keep an eye on!
After registering a sharp fall on Thursday, the Indian benchmark indices were back in green on Friday. However, the up-move in Nifty was not in a straight line as it witnessed bouts of volatility, before signing of the week with modest gains of 0.38 per cent above the 17,800 mark. For the week ended, Sensex and Nifty were up by 2.5 and 2.6 per cent, respectively.
In terms of sectoral performance, majority of the sectors ended in green led by Nifty Energy and Nifty Bank, while on the other hand, Nifty Media and Nifty Pharma emerged as top losers.
The broader markets were upbeat on Friday. The Nifty Midcap 100 and Smallcap 100 were up by 0.50 and 0.37 per cent, respectively.
Interestingly, FIIs bought equities worth of Rs 496.26 crore on Friday. Month till date, FIIs have bought equities worth of Rs 1,082.83 crore.
Going ahead, the stock-specific action is likely to be seen on D-Street, and hence, we have shortlisted some stocks based on the T20 breakout system.
So, here is the list of stocks:
- AYM Syntex
- BGR Energy Systems
- Gokaldas Exports
- Grasim Industries
- Hindustan Oil Exploration Company
- National Aluminium Company
- Oil India
- Oil & Natural Gas Corporation
- Star Cement
- Sun Pharma Advanced Research Company
Interestingly, in the above list couple of stocks are from the oil exploration sector and you must have heard of the proverb, ‘birds of a feather flock together’. This clearly indicates that this sector is likely to be in the limelight in the coming days.