HFT Scan: Hi-Tech Gears, One Life Capital Advisors 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 The Hi-Tech Gears, Ind-Swift Laboratories Limited and One Life Capital Advisors Limited on March 22, when the market last traded.

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.

Follow our live blog for all the market action

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

Stocks where HFTs were active on March 22 :

The Hi-Tech Gears
Active names and traded stake: Graviton Research Capital (0.56 percent)

Stock movement and volumes: Gained 11.7 percent to Rs 664.95. Trading volumes at 17 lakh shares versus 1-month average of 2 lakh shares

Technicals: Stock is above 50 and 200-day moving averages (DMAs)

Fundamental trigger, if any: None

Ind-Swift Laboratories

Active names and traded stake: F3 Advisors Private Limited (1.1 percent)

Stock movement and volumes: Lost 2.47 percent to Rs 100.85. Trading volumes at 80 lakh shares versus one-month average of 3 lakh

Technicals: Stock is above 50 and 200-DMAs

Fundamental trigger, if any: The company on March 18 redeemed 4,245 rated, listed, secured, 10 percent coupon, redeemable, non-convertible debentures

One Life Capital Advisors

Active names and traded stake: Marwari Chandarana Intermediaries Private Limited (0.83 percent), Bonzana Portfolio (0.52 percent), Manish Verma (0.53 percent),

Stock movement and volumes: Gained 19.83 percent to Rs 20.83. Trading volumes at 13 lakh shares versus 1-week average of 34,000 shares

Technicals: Stock is above 50 and 200-DMAs

Fundamental trigger, if any: None

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.