The index has a string of resistances placed between 10,700 and 10,800 levels which could act as a crucial resistance level in the May series. Hence, technical experts advice investors to remain stock specific as trading in benchmark indices could turn rangebound.
Here is a list of top three stocks which could give up to 21 percent return in 6 months.
"We expect the stock to maintain positive bias and head towards Rs 259 levels being the 138.2 percent retracement of the previous decline (Rs229 -157)," says Dharmesh Shah, Head Technical, AVP at ICICI Direct.com Research.
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
The higher occupancy ratios could trigger a sharp rise in average room rates (ARRs) and EBITDA margin for the company in FY19, ICICI Securities said.
CA Rudramurthy BV of Vachana Investments advises buying Royal Orchid Hotels with a target of Rs 95.