Best Indian Stocks Based on Algo Trading: Returns up to 32.54% in 7 Days

Best Indian Stocks

Top Performing Indian Stocks: This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top 10 Indian stocks for the long position
  • Top 10 Indian stocks for the short position

Package Name: By Country – Indian Stocks
Recommended Positions: Long
Forecast Length: 7 Days (4/7/2020 – 4/14/2020)
I Know First Average: 11.9%
Best Indian Stocks
Best Indian Stocks chart

For this 7 Days forecast the algorithm had successfully predicted 7 out of 10 movements. ABAN.NS was our best stock pick this week a return of 32.54%. KDAI.NS and HCLI.NS followed with returns of 27.59% and 18.99% for the 7 Days period. The package had an overall average return of 11.9%, providing investors with a 0.67% premium over the S&P BSE’s return of 11.23% during the period.

Aban Offshore Limited is engaged in the business of providing offshore drilling services to companies engaged in exploration, development and production of oil and gas both in domestic and international markets. The Company is also engaged in the ownership and operation of wind turbines for generation of wind power in India. The Company’s segments include Drilling and Wind energy. The Company owns and operates a range offshore drilling rigs, drill ships, and a floating production facility, Tahara. The Company offers a range of offshore drilling services to clients in India and abroad, including exploratory services, drilling services, production of hydrocarbons, and manning and management. The Company and its subsidiaries produce over 70 megawatts of wind energy annually. The Company’s wind farms are located at Radhapuram, Pazhavoor and Kavalkinaru in Tirunelveli District of South Tamil Nadu. Its rig fleet includes ABAN II, ABAN III, ABAN IV, ABAN V, ABAN VI, ABAN VII and ABAN VIII.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.