HFT Scan : Dish TV India and Zaggle Prepaid Ocean Services in focus

High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds.

High-frequency trading was active in Dish TV India and Zaggle Prepaid Ocean Services on June 12.  Dish TV India and Zaggle Prepaid Ocean Services close higher.

High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot and futures prices, but recently they have been active in small, illiquid stocks as well.

The volumes generated by them, more often than not, attracts retail investors to these stocks.

Stocks where HFTs were active on June 12:

Dish TV
Active names and traded stake:  HRTI Private Limited (0.72 percent)

Stock movement and volumes: Gained 11.57 percent to Rs 17. Trading volumes at 11 crore shares versus 1-month average of 3 crore shares

Technicals: Stock is below 50-DMA and 200-DMA

Fundamental trigger, if any: No

Zaggle Prepaid Ocean Services
Active names and traded stake: Mansi Share and Stock Advisors (0.53 percent)

Stock movement and volumes: Gained 2.32 percent to Rs 295.85. Trading volumes at 79 lakh shares versus 1-month average of 19 lakh shares

Technicals: Stock is above 50-DMA and 200-DMA

Fundamental trigger, if any: Ventureast Proactive Fund LLC sold a 1.82 percent stake in Zaggle Prepaid Ocean

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