Shoonya by Finvasia is India’s First Trading Platform to Offer AI-based Predictions & Signals for Individual Stocks in Exclusive Partnership with I Know First
- Shoonya’s new game-changing feature to predict stock movement will help investors make faster informed trading decisions
- I Know First is the leading financial technology firm specializing in providing AI-powered stock market predictions
- The I Know First AI-powered algorithm predicts the stock market, based on extensive research of credible data of up to 1500 Indian stocks
Shoonya by Finvasia, the leading zero-brokerage trading platform, is India’s first trading platform to offer AI-based predictions & signals for individual stocks. This milestone was possible with their exclusive partnership with I Know First (IKF), the leading financial technology firm specializing in providing AI-powered stock market predictions. The cutting-edge technology from ‘I Know First’ predicts movements of up to 1500 Indian stocks and identifies the best investment opportunities on a daily basis for Shoonya customers. These predictions are based on extensive historic data research using AI and Machine Learning. This new milestone resonates with Shoonya’s dedication to empower its customers with best-in-class features that create a competitive edge.
Powered by ‘I Know First’, this new feature from Shoonya combines the power of artificial intelligence (AI) and machine learning (ML). It incorporates elements of artificial neural networks and genetic algorithms through which it analyses, models, and predicts financial markets. The predictions are based on extensive analysis of credible data to help customers make informed trading decisions.
It provides these key benefits:
- Identify the best investment opportunities in the Indian market: It offers access to AI-based predictions for up to 1500 Indian stocks, including large, mid, and small caps stocks, as well as predictions for Indian indices from the NSE and BSE
- Objective Approach: Market predictions with a unique quantitative, independent, and objective AI-based approach, developed by an experienced team of PhDs, engineers, and data scientists who have dedicated their expertise and years of experience to develop an algorithm that combines advanced AI and deep learning techniques.
- Colour-Coded Signals: Intuitive dark green (BUY) and Dark red (SALE) signals indicate strong market trends, while the light green and red signals represent weaker signals. It will help Shoonya customers easily interpret market movements and make quick trading decisions.
- Predictability indicator (Confidence Level): While the colour codes signals show the magnitude of the market trends, each prediction provides an additional indicator for the prediction confidence level for every stock, allowing customers to identify and focus on the most predictable assets and make informed decisions.
- Instant Heatmaps: The predictive algorithm helps generate instant heatmaps for stock market forecasts across six different time ranges – 3D, 7D, 14D, 1M, 3M, and 1Y.
- AI-powered Portfolio monitoring: It offers to monitor the customer’s current portfolio with daily AI predictions, allowing to optimize of the portfolio at the right time.
- AI-Powered Stock Market Intelligence: Customers are able to stay ahead of the market by identifying the leading sectors of the Indian market, and access forecasts for the main indices in India.
On the occasion, Mr Sarvjeet Virk, Co-founder & MD of Finvasia, said, “We are thrilled to be India’s first trading platform to offer AI-powered predictive analytics and signals for Indian market, through our exclusive partnership with I Know First. This marks a significant milestone for Shoonya as we continue to redefine and disrupt the trading landscape yet again in India. Unlike traditional advisory services that rely on subjective insights, our AI technology leverages extensive data-backed analysis to provide accurate predictions and valuable market insights. We are taking a giant leap towards the future of trading for our customers to make well-informed decisions, based on objective and reliable information.”
Mr. Yaron Golgher, Co-founder and CEO, I Know First added, “ We at I Know First are excited to partner with Shoonya to bring our powerful AI based deep learning technology to the Indian traders. The Predictive Algorithm’s ability to identify the best opportunities and stock picks on a daily basis using extensive data research and analysis is unparalleled. The I Know First AI algorithm is being trusted by the world’s leading hedge funds, investment houses, banks, family offices, brokerage firms as well as high-net-worth individuals, and is going to be available to Shoonya’s customers, allowing them to gain a competitive edge. This is a powerful feature for every Indian trader and it goes beyond the traditional advisory methods. We are confident that I Know First’s cutting-edge technology combined with Shoonya’s customer-centric approach will revolutionize the investment strategies of Indian traders.”
About Shoonya
Shoonya, part of the Finvasia group, is a multi-asset online trading platform that revolutionizes the Indian market with its zero-commission policy. It offers a hassle-free trading over major stock exchanges including NSE, BSE, MCX, and NCDEX. Shoonya offers first-in-class features, including zero commission, zero clearing charges, zero technology fees, zero monthly maintenance charges, etc., off the 15 other commissions that Shoonya doesn’t charge. With its user-friendly online platform, advanced trading tools and innovative features, Shoonya aims to continue transforming the way people invest, making trading accessible, affordable, and transparent for all. The company has advised institutional clients on their investments in fourteen countries while also acting as a one-stop shop for Foreign Portfolio Investors (FPI) who seek to invest in the Indian markets.
About I Know First
I Know First is an AI Wealthtech company that provides state-of-the-art self-learning AI-based algorithmic forecasting solutions for the capital markets to uncover the best investment opportunities. The company provides daily investment forecasts based on an advanced, self-learning algorithm. The underlying technology of the algorithm is based on artificial intelligence, machine learning, and incorporates elements of artificial neural networks and genetic algorithms through which we analyze, model, and predict the stock market. The algorithm is adaptable, scalable, and features a Decision Support System (DSS) to optimize the information produced by the years of data inputted. The algorithm generates daily market predictions for stocks, commodities, ETF’s, interest rates, currencies, and world indices for the short, medium, and long-term time horizons. The algorithm is currently tracking and predicting a growing universe of over 13,500 financial assets and covers over 50 global capital markets including the stock exchanges in India, the US, Canada, Europe, China, Singapore, Australia, Japan, the UK, Brazil, and more. The I Know First AI algorithm is being trusted by the world’s leading hedge funds, investment houses, banks, family offices, brokerage firms as well as high-net-worth individuals.