Free Stock Tips, These 10 stocks could offer up to 11% return in June series. By TradeIndia Research 21-05-18

Free Stock Tips | Free Intraday Tips 

These 10 stocks could offer up to 11% return in June series.

The Nifty corrected nearly two percent for the week-ended May 18 and slipped below its crucial support placed at 10,600, suggesting further pain in the coming session.

Fall of the Bharatiya Janata Party’s (BJP) three-day-old government in Karnataka over the weekend might not go down well with investors even though the market was factoring in a disappointment since Tuesday when election results signalled a hung assembly in Karnataka.

After the fall of the BJP government, HD Kumaraswamy, who is heading the Congress-Janata Dal (Secular) coalition, is set to become Chief Minister for the second time on May 23.

Experts advise investors to stay with quality stocks. “Any kneejerk reaction will be short-lived because failure of the BJP to form the government will not impact the prospects of the National Democratic Alliance in the 2019 general elections.”

Technically speaking, this is a classic example of how certain Fibonacci ratios prove their worth. This time it was the 78.6% Fibonacci retracement (10,900) of the previous down move, which acted as a sturdy wall on the election verdict day (Tuesday).

Britannia Industries: Buy| Target: Rs6,100| Stop loss: Rs 5,300| Return 9%

Yes Bank: Buy| Target Rs 377| Stop loss Rs 337| Return 9.2%

HUL: Buy| Target: Rs 1,690| Stop loss: Rs 1,555| Return 5%

Bajaj Finserv Ltd: Buy| Target: Rs 5,980| Stop loss: Rs 5,450| Return 4%

Vedanta Ltd: Sell| Target: Rs 259| Stop loss: Rs 281| Return 4%

Canara Bank: Sell| Target: Rs 226| Stop loss: Rs 250| Return 8%

TCS Ltd: Buy| Target: Rs 3,900| Stop loss: Rs 3250| Return potential 11%

Kotak Mahindra Bank: Buy| Target: Rs 1360| Return potential 5%

IndusInd Bank: Buy| Target: Rs 2,100| Return potential 8%

Biocon Ltd: Buy| CMP: Rs 650| Target: Rs 700| Stop loss: Rs 620| Return 7%

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