Indian Stocks Based on Machine Learning: Returns up to 5.8% in 3 Days

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: 3 Days (8/30/2019 – 9/2/2019)
I Know First Average: 1.31%
Indian Stocks
Indian Stocks chart

For this 3 Days forecast the algorithm had successfully predicted 7 out of 10 movements. The greatest return came from BDYN.NS at 5.8%. Additional high returns came from BBRM.NS and OEBO.NS, at 4.78% and 3.36% respectively. The package had an overall average return of 1.31%, providing investors with a 0.60% premium over the S&P BSE’s return of 0.71% during the period.

The Bombay Dyeing and Manufacturing Company Limited is a holding company engaged primarily in the business of real estate development, polyester staple fibre and retail. The Company’s segments include Real Estate, Polyester and Retail/Textile. The Company is involved in transforming and redefining the Mumbai skyline with its developments. The Company’s developments include, Island City Centre (ICC) located at Dadar and Wadia International Centre (WIC) at Worli. The Company is engaged in manufacturing of virgin polyester staple fibre and textile grade polyester (PET) Chips with Next Generation Staple Spinning System (NGSSS) technology from Invista Polyester Technologies and Chemtex International Inc.

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.