The Nifty gained momentum after it crossed the critical level of 10,600 during the last week and managed to reach 10,764 levels on the weekly chart but again got downfall and closed at 10,628 today. However, it could manage to stay above the 10,600 levels and keep the investors in a good position to invest very wisely in upcoming times.
The current Indian equity market is likely to trade sideways and so, it is an advice to the investors to stay stock specific and think twice before taking any decision. Since last week, the market is unpredictable and Nifty is showing candlestick or bearish pattern which is confusing the investors and experts to predict well in the upcoming days.
Even such harsh market situation; here is a list of top 6 stocks that could give up to 17% returns in upcoming times.
Bodal Chemical Ltd – Target: INR 161, Stop-loss: INR 132, Return 12%
KPIT Technologies Ltd – Target: INR 303, Stop-loss: INR 273, Return 6%
M&M – Target – INR 1,049, Return – 16%
Rain Industries Ltd – Target: INR 213, Stop-loss: INR 243, Return 4%
United Phosphorous (UPL) – Target – INR 810, Return – 16%
M&M Financial Services – Target – INR 544, Return – 17%
Disclaimer: The stocks are listed above due to the current situation of Indian Equity Market and stocks’ own growth and earning in previous quarters. So, check with the certified experts before taking any big investment decisions.