Market Update

Monday 23 April 2018

Free Stock Tips , Top 10 money-making ideas which could give up to 22% return in April expiry week. By TradeIndia Research 23-04-18



Top 10 money-making ideas which could give up to 22% return in April expiry week.

Here is a list of top 10 stock ideas from different experts which can offer up to 22% return in the next 30 days.




The Nifty rose 0.8 percent for the week ended April 20 and held onto to its crucial support placed at 10,500 levels. The index gained for the fourth straight week but the momentum seems to have disappeared. It is likely to face stiff resistance near 10,600-10,640 levels.

This coincides with its 50 percent Fibonacci retracement of the recent fall from 11,171.55 to 9,951.90. Also, the upward sloping trendline connecting previous bottoms (9,687.55 and 10,276.30) is now converging around the same area.
Chavan sees the index heading to 10,750 levels if 10,600 is breached. “As a chartist, traders are respecting this zone of 10,600–10,640. In case of violation of this hurdle in the upward direction on a sustainable basis, we may see the relief rally getting extended 10,720–10,750. But it certainly does not change the broader outlook, as we still expect the possibility of selling pressure resuming at higher levels.”
There are a few technical pieces of evidence that justify 10,600-10,640 levels. First, post the Union Budget, the Nifty corrected from 10,638 and 10,631 on two occasions, which will now act as a strong hurdle.
Tata Motors: Buy| Target Rs 372| Stop loss: Rs 327| Return: 10%
PNB Housing Finance: Buy| Target Rs 1,469| Stop loss: Rs 1,297| Return: 8%


Motherson Sumi: Buy| Target: Rs 372| Stop loss: Rs 332| Return: 6%


Wockhardt: Buy| Target: Rs 863| Stop loss: Rs 748| Return: 8%


Bata India: Buy| Target: Rs 857| Stop loss: Rs 763| Return: 7%


Ramco Systems: Buy| Target: Rs 535| Stop loss: Rs 442| Return: 10%


Zensar Technologies: Buy| Target: Rs 1,125| Stop loss: Rs 935| Return: 11%


Godrej Properties: Buy| Target: Rs 850| Stop loss: Rs 685| Return: 9%.

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