The market is expected to remain in the range of 4,720 and 4,950 : Nirmal Bang

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Nirmal Bang in their “Beyond the Market” predicted that the market is expected to remain in the range of 4,720 and 4,950. It also states that expectations of a roll back of the fiscal stimulus in the soon-to-be announced Union Budget and the Greece debt crisis in the Eurozone are worrying investors.

They recommend following stocks for investors.

Aurobindo Pharma Ltd (LTP: Rs 928), Lupin Ltd (LTP: Rs 1,575), Castrol India Ltd (LTP: Rs 700), Supreme Industries Ltd (LTP: Rs 460), Apollo Tyres Ltd (LTP: Rs 54.80), JK Tyre & Industries Ltd (LTP: Rs 176.95), Mahindra Forgings Ltd (LTP: Rs 108.30), JSW Energy Ltd (LTP: Rs 106.60), Adani Power Ltd (LTP: Rs 107.50), Hyderabad Industries Ltd (LTP: Rs 594), Sterlite Technologies Ltd (LTP: Rs 411.20), Lanco Industries Ltd (LTP: Rs 65.65), Pennar Industries Ltd (LTP: Rs 35.80), Gujarat State Fertilizers & Chemicals
Ltd (LTP: Rs 215.95), Rallis India Ltd (LTP: Rs 1,111), Jay Shree Tea & Industries Ltd (LTP: Rs 330.25), Mcleod Russel India Ltd (LTP: Rs 234), Royal Orchid Hotel Ltd (LTP: Rs 83.40) and Gujarat State Petronet Ltd (GSPL) (LTP: Rs 89.50) look good buys. These stocks look attractive from a one or two year investment perspective and can be bought partially at current prices and when the Nifty is around the 4,600 level.

For full report, please click here.

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