The levels may be as high as levels of 7,300-7,800 gradually in NSE Nifty.
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The cyclical stocks will be the one which will mainly spurt considering they have a lot of upside potential as they are trading at a value. Sectors like PSU banks, capital goods and infrastructure will be the main sectors which can show significant upside in the coming future.
Being stock specific Sail, Bharat Heavy Electricals Ltd (BHEL), PNB, Reliance Industries (RIL), REC are the few stocks where investor can invest their money for good returns.
- By Vivek Gupta, Director Research, CapitalVia Global Research Limited