Free Intraday Stock tips: Market trend turns Positive; here are stocks which could give 4-9% return

As per the market’s options data, the support and resistance levels for Nifty future and Bank nifty future is as follows:- Nifty Future :- Resistance 1 - 11,399.33 , Resistance 2 - 11,488.67 , Support 1 - 11,259.33 , Support 2 - 11,208.67 , Bank Nifty Future :- Resistance 1 - 26,862.67 , Resistance 2 - 27,172.33 , Support 1 -26,378.67 , Support 2 -26,204.33 .

Bears made a strong comeback on Monday and Tuesday as well as sentiments remained dampened since the beginning of the week due to trade war fears and the volatile rupee.

The markets started Tuesday’s session on a pessimistic note and Nifty50 closed below its 50-days moving average at 11,278.90 down by 0.87 percent.

Here is a list of top three stocks which could give 4-9% return in next 1 month:

Divis Laboratories: Buy| LTP: Rs 1379.80 | Target: Rs 1490 | Stop loss: Rs 1300 | Return: 7.99%

Based on the explanations traders are suggested to buy the stock around current levels and further add on dips around Rs 1340-1345 with a stop loss below Rs 1300 (closing) for the target of Rs 1490.

Biocon: Buy| LTP: Rs 677.10 | Target: Rs 740 | Stop loss: Rs 630 | Return: 9.29%

Traders are optioned to buy the stock in the range of Rs 675-678 with a stop loss below Rs 630 (closing) for the target of Rs 740.

Ceat: Sell| LTP: Rs 1349.20 | Target: Rs 1295 & 1280 | Stop loss: Rs 1378 | Return: 4.43%

This stock may likely to move down in the near term. A trader can sell the stock at current levels and add shorts on some technical bounce around Rs 1355-1360 with a stop loss above Rs 1378 (closing basis) for a target of Rs 1295 & 1280

If you are thinking to trade in the Intraday segment then here is the list of suggested stocks by Experts

Escorts (Sell)

Stop Lose - 772
Target - 745

NIIT TECHNO  (Sell)

Stop Loss - 1325
Target - 1282

Jet Airways  (sell)

Stop Loss - 260.5
Target - 240

HUL  (Buy)

Stop Loss - 1640
Target - 1700

Yes Bank  (Buy)

Stop loss- 319
target- 335

Reliance Industries  (Sell)

Stop loss-1235
target-1200

Source:- Money Bhaskar and Money Control