Nifty Likely To Consolidate At Higher Levels; Top 4 Stocks Which Could Give Up To 10% Return

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With a positive outlook on policy reforms and positive global cues coupled with decent Q2 earnings, it signed a strong uptrend momentum in upcoming session with marginal consolidation at a higher level.

The Indian equity market witnessed an overwhelming uptrend on the backdrop of rating upgrade and positive outlook on India’s growth story.

The Nifty50 rebounded near psychosocial barrier placed at 10,400-10,500 mark, thus recouping earlier downtrend regime and managed to break out towards upper level from 50-day EMA at 10,150 after breaching a crucial support level during the early weekdays trading.

Thus the early profit booking at higher level enabled a market to consolidate at the reasonable price range and it is expected to witness a decent rally in short term

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