The Nifty50 closed above the 10,700 levels and managed the resistance level between 10,700 to 10,800. And so technical experts advice “be a stock specific” and keep eye on the Nifty and stock values.
The Nifty50 is continuing its journey from current levels to 10,800 levels. The current index is trading around its breakout points but even in this situation; here is a list of 8 stocks which could give up to 21% return with the 1-2 months.
Wockhardt Ltd – Target: INR 863, Stop loss: INR 788, Return 7.6%
Crompton Greaves Consumer Ltd – Target: INR 275, Stop loss: INR 228, Return 12%
Visaka Industries Ltd – Target: INR 875, Stop loss: INR 745, Return 13%
Crompton Greaves Consumer Electricals Ltd – Target: INR 270, Stop loss: INR 230, Return 10%
Just Dial Ltd – Target: INR 458, Stop loss: INR 420, Return 5%
CEAT – Target: INR 1840, Stop loss: INR 1525, Return 22%
Majesco Ltd -Target: INR 632, Stop loss: INR 515, Return 15%
Royal Orchid Hotels Ltd – Target: INR 259, Stop loss: INR 205, Return 21%
The above stocks are listed here based on the current Nifty50 levels and stocks history. Check the history of stocks first and then reach a final decision.