Nifty went down more than 100 points on Wednesday and fall down to 10430.40 levels. The Nifty50 has remained under the pressure just because of the liquidation of long positions.
The very short buildup by Foreign Indirect Investments (FIIs) after the election result of Karnataka is a big reason for the current situation of the Stock market. Last week, Nifty crossed 10,800 level but in this week; it couldn’t manage the position.
On the technical front, the Nifty level 10,480 -10,500 will also act as the pivotal support. And if Nifty fails to manage the support level, the next crucial support will be 10,300. In an event of bounce back; the index will reach 10,650-10,750 level.
Here are listed 3 stocks that could give up to 14% return in short run.
ADF Foods Limited – Target INR 285, Stop loss: INR 230, Return 14%
Crompton Greaves Consumer Electricals Limited – Target INR 268, Stop loss: INR 225, Return 11%
Manpasand Beverages Limited – Target: INR 500, Stop loss: INR 405, Return 13%
The above stocks are listed because of the current stock market data and the history of stocks. So, confirm the stock value with certified experts before making any investment decision.