I will be on Bloomberg UTV on Tuesday, October 5 at 9 AM (morning). Have a look.
The trend is up, therefore traders should position themselves to buy on dips. Apart from the Nifty, it is possible to trade in individual stocks - equity, futures & options. The basic rule remains the same, identify the trend, if it is up, then buy a breakout or dip. The market is in an uptrend, therefore most stocks will qualify for buying.
If you wish to buy, then hold for a few days to weeks, and sell out, you are a swing trader. You should be looking at equties mainly to buy, take delivery and wait for the appropriate exit. When you take the trade, identify a protective stop loss.
How do you identify the stock? Use a trend mechanism - higher highs, higher lows OR a rising moving average OR a trend indicator which is in a Buy. The reverse holds true for stocks to sell.
When you follow these simple rules written above, the biggest benefit is that you do not go against market flow.
based on the ideas mentioned hre, some stocks that may outperform are: BEL, GAIL, SRF, TATA CHEM. I have positions in Tata Chem. I also intend to track the others for low risk buy signals. No rush!