Market Update

Monday 30 April 2018

Free Stock Tips,May series: These top 10 buys can offer up to 14% return. By TradeIndia Research 30-04-18

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May series: These top 10 buys can offer up to 14% return.


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The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495.


The Nifty ended April 27 expiry week closer to 10,700 levels, up 1.2 percent week-on-week. Given the current momentum on D-Street, the index is on track to hit 10,800-10,900 levels, experts said. “There was lot ambiguity among market participants after approaching the Nifty approached its strong resistance zone of 10,600-10,640. But, it managed to breakout post the April expiry.

Chief Analyst - Technicals and Derivatives at Angel Broking, sees the Nifty heading towards 10,750-10,800 levels in the short-term. “Despite some terrible days in the global market, our benchmarks managed to shrug off all these developments and displayed their independence. The recent hurdle placed around 10,640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750-10,800 in days ahead. On the lower side, the immediate base seems to have shifted higher towards 10,640-10,600 (earlier hurdle becomes support) from 10,495 levels.”

Wockhardt: BUY | Target: Rs 863 | Stop loss: Rs 793 | Return: 8.8%

Bata India: BUY | Target: Rs 857 | Stop loss: Rs 763 | Return 8%

MCX India: BUY | Target: Rs 857 | Stop loss: Rs 763 | Return 8%

Gravita India: BUY | Target: Rs 220 | Stop loss: Rs 187 | Return 10%

Prakash Industries: BUY | Target: Rs 237 | Stop loss: Rs 205 | Return 8%

Rallis India: SELL | Target: Rs 206 | Stop loss: Rs 228 | Return 6%

PTC India: BUY | CMP: Rs 89.70 | Stop loss: Rs 86.70 | Target: Rs 102 | Return: 14%

Piramal Enterprises: BUY | CMP: Rs 2635.80| Stop loss: Rs 2550 | Target Rs 2900 | Return: 10%

Ceat: BUY | CMP: Rs 1559.85 | Stop loss: Rs 1508 | Target: Rs 1787

ICICI Bank: BUY | Target: Rs 315| Stop loss: Rs 271 | Return 9.3%


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