The positive movement of Nifty is indicated that it will remain in the green. The major resistance around 10,850 levels & support around 10,600 levels describes the tight trading between the range of 10,850 and 10,600 levels. The hike of 80 points shows a positive tone and strength.
As per last 15 years of data, the Nifty has touched the peaks of June 88% of the times. The experts expect the Nifty Index to remain in between 11,000 on the higher side and 10,700 on the lower side in coming trading sessions.
Based on the analysis; here is a list of 4 stocks including (largecap and midcap) could give up to 10% return in a short time.
Maruti Suzuki – Buy Range: INR 9250-INR 9300, Target INR 9,995, Stop Loss INR 9,050, Upside 7%
Hero MotoCorp – Buy Range: INR 3550-INR 3600, Target INR 3950, Stop Loss INR 3439, Upside 10%
Yes Bank – Buy Range: INR 345-INR 350, Target INR 385, Stop Loss INR 327, Upside 10%
Godrej Agrovet – Buy Range: INR 605-INR 608, Target INR 670, Stop Loss INR 586, Upside 10%
Disclaimer: The stocks listed above are based on the current index levels and predictions. So, don’t forget to confirm with a stock market professional before taking any big investment decision.