Market experts and brokerage firms have lined up high-conviction trading ideas for the upcoming session, spanning banking, energy, FMCG, and large-cap financials. Key recommendations include mid-sized private banks, energy infrastructure plays, sugar stocks, and heavyweight large caps.
'Here are the top five stock picks and trading ideas:
City Union Bank
Amit Goel, CMT, SEBI Registered Research Analyst and Partner & Co-Founder at BlueOak Wealth, highlighted a bullish technical setup in City Union Bank. He recommended a buy in the stock at Rs 270, with an upside target of Rs 280. Traders are advised to maintain a stop loss at Rs 264 to manage risk.
Siemens Energy India
Goel also identified a buying opportunity in Siemens Energy India, citing strength in the energy infrastructure space. He advised buying ENRIN at Rs 3,171, aiming for a target price of Rs 3,472, while placing a stop loss at Rs 3,010.
Balrampur Chini Mills
Sachin Janardan Sarvade, AVP – Derivatives, Retail Research at IDBI Capital Markets and Securities, sees a favorable risk-reward setup in the sugar sector. He recommended buying Balrampur Chini in the Rs 510–516 range, with a target of Rs 590. The suggested stop loss is Rs 479.
Reliance Industries
Akshay P Bhagwat, Senior Vice President at JM Financial, remains positive on Reliance Industries from a technical perspective. He recommended a buy with upside targets of Rs 1,410 and Rs 1,427, while advising traders to protect the trade with a stop loss at Rs 1,330.
Bajaj Finance
Bhagwat also sees continued momentum in Bajaj Finance. He suggested going long in the stock for upside targets of Rs 945 and Rs 972. A strict stop loss should be maintained at Rs 879, he said.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are their own and not those of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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