Hello Everyone,
For many equity traders, often a lot of decisions in the market are based on traded volume, whether that be volume breakouts or top volume stocks of the day or percentage of delivery stocks compared to trading on any day.
This is ideal when thinking about swing trading or intraday, where volume helps identify opportunities in the markets. But often volume spikes are short-term, and it often comes with the ambiguity of whether the stock was only traded intraday, or people have actually started accumulating the stock.
This becomes a key factor while deciding whether the momentum will last a day, a week or a month. This is where delivery data helps, which gives insight into how much % of the total traded volume is actually being bought into a demat account, and not just for intraday trading.
Delivery data often helps predict trends, in holding patterns, when people start accumulating a stock in large quantities, often signalling bullish momentum or cheaper valuation and vice versa. On a daily or weekly basis, this helps unlock patterns, wherein a sudden increase in delivery percentage can be noted, even with increasing volumes. To track all of this, we have built something for you on ScanX:
Introducing: Delivery Data Insights on ScanX
ScanX Insights is a place where you can find broader market data and insights, which now includes stock-specific delivery data on a daily, weekly and monthly basis. This helps you understand not just on a daily basis, but also to track patterns on a weekly/monthly basis and be able to find stocks where delivery data has been increasing.
This data is combined across exchanges, and you can filter on the basis of stocks included in indices. This helps to filter out small, mid and large caps on the basis of indices that they form. We are also planning more insights on the basis of individual companies’ delivery data, which will give you further insights into the trend in each company.
As always, our endeavour with ScanX continues to bring more data and insights, like Delivery Data insights for our traders & investors. Do let us know how this can help you understand market trends better, and what the next insight you would like to see on ScanX.
Happy Trading, now with Insights on ScanX
Naman