Wednesday, 10 May 2017

Sensex hits fresh record highs; TOP 10 STOCKS to buy which could give up to 20% return

For more stocks in trend click here and SUBSCRIBE US FREE >>

The S&P BSE Sensex rallied over 200 points in morning trade to hit a fresh record high of 30,197.66 after media reports suggested that India could be looking at higher monsoon rains than forecast. 

Monsoon remains a key risk for Indian market because it delivers about 70 percent of India's annual rainfall, critical for crops such as rice, cane, corn, cotton, and soybeans. 

India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the weather office said on Tuesday, raising prospects of higher farm and economic growth. 

Axis Bank 

BUY| Target Rs 575| Stop Loss Rs 480| Upside 11%

The stock has been an underperformer within the market and the banking space. It has been consolidating in a broader range of Rs480-520 for quite a while. Ripples Financial Advisory reported the stock has its major support of Rs498 on downside where its 200-DEMA is also well placed.

BGR Energy 

BUY| Target Rs 210| Stop Loss Rs 156| Upside 20%

The stock has shown a sharp rally in prices from Rs140-180 levels in the very short span of time in the recent past. Since then, the stock saw consolidation as it cooled off from recent highs.

Ramco Cements

BUY| Target Rs 790| Stop Loss Rs 650| Upside 12% 

The sharp rise in prices took the stock from Rs510 levels towards Rs710 levels. Subsequently, pull back in prices has taken stock towards Rs650 levels and since then it is trading in upwards channel making higher highs and higher lows on daily charts.

No comments:

Post a Comment