Set to zoom: Maruti, Tech M among 5 Nifty stocks that can gain up to 14%

The sharp fall in the market has seen these stocks slip into oversold zone. Charts hint at a sharp rally in all these from the current levels, provided the overall market sentiment stays positive

Cipla Ltd (CIPLA)
Likely target: Rs 940 and Rs 975
Upside potential: 4.5% to 8%

The shares of Cipla look set to decisively breach 200-days moving average (DMA). Despite the recent weakness, the stock has managed to regain its footing, as per the daily chart. The 200-DMA is currently placed at Rs 901 levels and this is the fourth time the stock has managed to reverse from this significant support mark. A recovery may be expected towards the last breakout mark of Rs 940 levels. Stability above this level may see a further jump towards Rs 975 levels.