BEST STOCKS TO BUY FOR 2018

ICICIBANK Limited is engaged in providing a range of banking and financial services including commercial & retail banking, project & corporate finance, insurance, venture capital and private equity, investment banking and broking. After showing correction from the higher level, now the stock is trading in the recovery phase for the Short term , it is likely to continue the upside move in near term with the crossing of the resistance level of 300 as the stock is managing to sustain above the level of 260.  It is likely to continue the positive movement with the breakout of the pattern at the levels of 280. 200 days moving averages seen as support level with the RSI of 40, One may get the medium-term targets of 300,320,340 in  with the stop loss of 230. Thus the trend of the icicibank in the short term, medium term timeframe continues to remain upwards.

NCC is a company in the construction business and has presence in almost every sphere of
this area, including real estate and commercial. The company has a solid order book position and for the nine months ending Dec 31, 2017, the order inflow grew by a huge 132 per cent, when compared to the corresponding period of last year. and superb performance for the quarter ending Dec 31, 2017. The company reported a net profit of Rs 100 crores, as compared to Rs 58 crores in the corresponding period of last year. The EPS of the company has almost doubled to Rs 2.3 from Rs 1.2 in the quarter of the previous year. We believe that the huge order backlog would continue to see the company build on the momentum. The company can manage to do an EPS of Rs 10 by 2018-19. The stock is trading at just 12 times this earning. Applying a p/e of 15, the stock can rise to Rs 150. Buy this small cap share with a long term perspective in mind.