Sharekhan Ltd has launched a new service called 'Fortune Finder' for retail Investors and traders. 'Fortune Finder' is a web and SMS based automated tool that will generate unambiguous buy/sell/hold/stay-out and long/short signals on stocks, across NSE and BSE.
According to the brokerage, this will help investors in taking decisions on when to buy, hold or sell any stock. It covers over 3000 stocks for delivery recommendations and 500 stocks for day trading calls.
"With an increasing institutional and overseas participation, retail investors remain to be the most sensitive segment as they grope to find the right entry and exit strategies for the stocks that they hold or the stock that they wish to get into," said a release.
'Fortune Finder' is an outcome of the research that went in for building proprietary trend tracking algorithms, which can suit any kind of instrument and market. Vantage Trade, a product of Forceites Pvt Ltd, powers this tool.
This paid service offered on Sharekhan’s trading portal is tailored for both, long-term investors and day-traders by giving the option to choose between two packages.