I narrowed down to about 6 oils which were considered the best for hair.

1. Coconut oil - (Extra Virgin) Provides protein to the hair, prevents it from
getting weak and seals in the moisture. Also helps block sun's harmful UV rays
to some extent.
2. Almond oil - Provides nutrients to hair follicles and helps in blood flow to
the scalp. Helps in reducing hair fall too.
3. Castor oil - Helps make dark and prevents premature greying. As the oil is
thick, it lubricates the hair as well.
4. Jojoba oil - Anti-fungal, unclogs pores and also helps in dandruff.
5. Vitamin E - Provides antioxidants, Keratin strength and reduces fizz. Keeps
scalp younger and healthier.
6. Olive oil - (Extra Virgin) Helps counter DHT which causes male pattern
baldness. Helps in treating dry and damaged hair. Will help make hair shine
and become soft and smooth.
The secret is in the mix

Both castor oil and Vitamin E are quite thick liquids, they need to be thoroughly mixed
with the others to get it right. Let's say you are making 100ml bottle of the oil, you can
make a mix as follows.

Vitamin E: 8ml,

Olive oil: 7ml,

Jojoba oil: 15ml,

Castor oil: 30ml,

Coconut oil: 20ml,

Almond oil: 20ml