Leading market analysts have flagged fresh high-conviction trading ideas for the near term, with a mixed bag of buy and sell calls across airlines, banks, commodity companies and more.
Stocks in focus include Mangalore Refinery and Petrochemicals, Hindustan Zinc and more.
Hindustan Zinc
Raja Venkatraman, Co-Founder, NeoTrader, has issued a buy call on Hindustan Zinc at Rs 698. He has set a target price of Rs 713, while placing a stop loss at Rs 688, indicating continued strength in the space.
Hindustan Copper
Osho Krishan, Chief Manager- Technical and Derivative Research, Angel One has taken a constructive stance on Hindustan Copper at Rs 550. He has recommended a buy, with a stop loss at Rs 530 and an upside target of Rs 575-Rs 580, pointing to near-term uptick at higher levels.
ONGC
Krishan has also recommended a buy on ONGC at Rs 240, with a stop loss at Rs 236 and a target of Rs 246-Rs 248, suggesting limited downside and a favourable risk-reward ratio.
Federal Bank
Shrikant Chauhan, Sr Vice President, Kotak Securities has turned bullish on Federal Bank. He has advised a buy, with a stop loss at Rs 268 and a target of Rs 287, betting on improving price momentum in the stock.
InterGlobe Aviation
Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One has issued a buy call on IndiGo at Rs 4,857. He has set a target price of Rs 5,150, while placing a stop loss at Rs 4,740, indicating continued strength in the space.
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