This would primarily be designed for swing trades. Large Cap allocation for them is going to be good. However, a part of the portfolio in midcap stocks would be added. Now, to get that, I would primarily use NIFTY100 index (Nifty 100 is a diversified 100 stock index representing major sectors of the economy. This index intends to measure the performance of large market capitalization companies), and use Chartink (a scanning and charting tool in India) to apply the volume burst condition scan broadly based on EG's 9m idea* that I been studying. You can see the scan & the charts here, and the excel form summary after the charts:
*
The Scan
Explanation of the Scan: First two, try to capture the burst in volume (previously neglected by market, and sudden interest), followed by a 4% breakout with no gap ups. All stocks that have had more than 8% breakdown in past 20 days are filtered out, and in uptrend 20 sma > 50 sma, 50 sma > 200 sma (I had learnt this in one of the old EG videos). The final condition filters out the "extended stocks", and limits it to the early stage stocks. These stocks are found thereby (you can just click on one image and click on ← → on keyboard to glance fast:
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