Mumbai, Sept.16 (ANI-Business Wire India): Sharekhan Ltd, one of India's leading retail stock brokerage houses with a strong online trading business, has launched Fortune Finder for the retail investors and traders.
The Fortune Finder will help 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.
The best strategy for the stock market in such volatile times is to ride on the trend.
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.
Fortune Finder is an outcome of rigorous 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. This gives retail investors from various trading backgrounds the opportunity to find Fortune through profitable trades.
Tarun Shah, CEO, Sharekhan Ltd, said: "Investors are presented with an intuitive interface, which enables them to take call to action in the market. We also see a great business potential in offering this service, but our primary focus remains at empowering retail investors in stock market."
Sharekhan Ltd was launched on February 8, 2000 as an online trading portal. Today, it has a pan-India and international presence (UAE and Oman) with over 1529 outlets serving 950,000 customers across 450 cities.
Sharekhan offers services like portfolio management, trade execution in equities, futures and options, commodities and distribution of mutual funds, insurance and structured products.
These are backed by high quality investment advice from an experienced research team at Sharekhan, which provides fundamental and technical research, market related news, statistical information across equities, commodities, mutual funds, IPOs and much more.
Sharekhan is a member of the Bombay Stock Exchange, the National Stock Exchange, and the country's two leading commodity exchanges, the NCDEX and MCX. Sharekhan is also registered as a Depository Participant with NSDL and CDSL.
Sharekhan has set category leadership through pioneering initiatives like 'Trade Tiger'; a net based executable application that emulates a broker terminal besides providing information and tools relevant to day traders.
Their second initiative, 'First Step' is targeted at empowering first time investors. Sharekhan has also set their global footprints through the 'India First' initiative, a series of seminars conducted by Sharekhan to help NRIs participate and benefit from the huge investment opportunities in India. (ANI)