Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on a mix of power, luxury retail, capital goods, pharmaceuticals, and textiles.
Top picks include Adani Power, jewellery and watch giant Titan, engineering major Cummins India, pharmaceutical leader Mankind Pharma, and textile player Arvind Ltd.
Here are the top five stock picks and trading ideas:
Adani Power
This power major emerged as a consensus pick with two leading analysts recommending a buy.
Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services, recommended a buy at Rs 153 for a target of Rs 170.
Osho Krishan, Chief Manager of Technical and Derivative Research at Angel One, advised buying at Rs 158 for a target range of Rs 168–172, while maintaining a strict stop loss at Rs 150.
Titan
Osho Krishan of Angel One sees upside in the luxury consumer space, identifying a buying opportunity in Titan. He recommended entering the stock at Rs 4,060 for an upside target of Rs 4,160–4,180. He suggested protecting the position with a stop loss at Rs 3,985.
Cummins India
Chandan Taparia of Motilal Oswal sees momentum in the capital goods sector, placing a buy call on Cummins India. He set an upside target price of Rs 4,820 for the stock, advising traders to maintain a stop loss at Rs 4,550.
Mankind Pharma
VLA Ambala, SEBI RA & Founder of SMT Stock Market, identified a buying opportunity in the pharmaceutical sector. She recommended entering Mankind Pharma in the Rs 1,930–1,980 range. She set staggered targets of Rs 2,050 and Rs 2,250, while advising a stop loss at Rs 1,870.
Arvind Ltd.
Sachin Janardan Sarvade, AVP of Derivatives and Retail Research at IDBI Capital Markets, highlighted strong momentum in the textile and apparel space. He recommended buying Arvind Ltd. between Rs 360 and Rs 365 for a robust target of Rs 430, protecting the trade with a stop loss placed at Rs 334.
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