Buy On Dips If Nifty Drift Towards 9530; 5 Stocks Which Can Give Up To 16% Return

The Nifty formed a strong technical setup and is on the verge to touch 9,700 levels in coming sessions. Since Nifty has given a double bottom breakout in the start of the year, it is observed that on every breakout Nifty has rallied nearly 150 points.

Further, we have witnessed correction up to breakout zone which reflects pull back rally. Such has been the momentum of the market over a period which is expected to be continuing in the near-term also.

Traders need to be cautious, as the index is trading at all-time highs and need to change strategies. Rather than jumping on fresh breakouts one can better look for a dip.

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