Momentum stocks

Nifty is trading in a range though September has traditionally been a lackluster month and bottoms are usually made in October month we can expect a ranged bound market ahead.

This weekend I reflected on mid cap theme which is the area where smart money is pitching in and offers money making opportunities for traders. These mid cap stocks are also showing  tremendous strength as they come back from the retracement sharply and make new highs.
Let us discuss these stocks
Banking sector has been the leader  but there are stocks like Central Bank, Corporation Bank and Karur Vysa bank which are very showing good momentum.There  are other stocks like State Bank of Travancore, State bank of Bikaner, State Bank of Mysore ; all these stocks are up on the back of merger news with SBI  but they have run too fast .

The other group is Consumer Durables where Videocon Ind  Bajaj Electicals Hitachi Home, VIP, IFB ,  Panasonic, Whirlpool are showing momentum.

Another category is auto , auto ancillary and Bicycle stocks.  Escorts, VS Motor,Atlas, Hercules, Motherson SS, Suderram, Asahi Glass,  Exide , Amar raja Battery Castrol, Auto Ind , Apolo Tyre, Ceat and JK Tyre  are zooming .
Wellness stocks like Zydus Wellness, Talwarkers are also good bet .

Mid Cap pharma Like Amar Remedies ,Wockpharma Ajanta, Natco, FDC  is another space
Stocks and allied like Ruchi Soya, Jubillant Foods, Venkeys are also food for thought .

Travel and leisure stocks like Cox and kings, Thomas cook is another space to look for.

There are some stocks like  Hanung , Bata India , IGL, Vguard , Deepak Fertlizer , Tata Chem, GSPL, Petro net , Godrej properties and DCM which are trading in a new territory.

How to trade these stocks ?
The best way to but these stocks is during dips/ corrections. keep them on your radar or make a watch list.