Indian market is currently consolidated in a tapering position closing below its crucial support levels.
Both the benchmark indices S&P BSE Sensex and Nifty ended with more than 1% loss each. Nifty has closed below the crucial support of 15,000 and currently 14,750 is the immediate support of the index.
Further, if also the bulls regain the control then this immediate resistance level can come at 15,200 levels.
This is moreover happening due to the continuous selling in the market. Due to this reason market couldn’t remain above lowest levels of 14,977 and 50846 on Nifty and Sensex respectively.
However, according to various experts there are around ten stocks currently available in the market which will give around 9-20% return. These stocks are expected to give around 9-20% returns in 3-4 weeks deadline.
The first stock is HUL with current LTP or Rs 2181 and stop loss of Rs 2080.
This stock has recently corrected from its peak of 2450 and currently trading below 2200 level. Also, this stock has current level support of Inchimoku Flatline.
Going forward, the next stock is Petronet LNG which has retested the breakout zone. Traders can buy this stock in 252-248 range for an upside target of Rs 285 in the upcoming 3-5 weeks.
Also, the rest of the shares are Coforge and ONGC which is currently trading in green since the opening.
Moreover, experts suggest selling the shares of Ashok Leyland and United Breweries.
Wrapping up, NTPC, Pidilites Industries and Maruti Suzuki are also good options to buy as per the experts suggestion.
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