Finally, Nifty could manage to reach in the Green with the surge of 70 points. Nifty futures continue to trade with the positive note and bring the D-Street in a good state. Nifty took a couple of days to reach this peak and will close above 10,850 – 10,900 levels.
On the downside, a close below the 10,650 will be a crucial support and chances to get a bounceback with a big surge. On the positive note, here is a list of 6 stocks that could give up 17% return in a couple of months. Know more about algo trading here.
Alembic Pharmaceuticals Limited – Target: INR 567-580, Stop Loss: INR 500, Return 7-9%
Strides Shasun Ltd – Close: INR 397, Target: INR 450, Stop loss: INR 360, Return: 13.35%
Just Dial Ltd – Target: 630-665, Stop Loss: INR 520, Return 11-17%
Asian Paints Ltd – Close: 1291.85, Target: INR 1450, Stop loss: INR 1240, Return: 12.24%
Engineers India Ltd – Target: INR 131-140, Stop Loss: INR 119, Return 5-12%
Divi’s Laboratories Ltd – Close: 1,085.80, Target: INR 1,160, Stop loss: INR 1.030, Return: 6.83%
Disclaimer: The stocks listed above are based on the current Nifty levels and the recent growth of individual stocks. So, confirm with the certified stock market experts before making your move.