- Jio Financial Services recommended buy with target Rs 258 and stop loss Rs 242
- Indian Bank advised buy at Rs 920 with target Rs 950 and stop loss Rs 900
- Laurus Labs suggested buy at Rs 1,130 aiming for Rs 1,165 with stop loss Rs 1,110
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the financial services, defence, metals, and pharmaceutical sectors.
Top picks include digital finance major Jio Financial Services, PSU lender Indian Bank, pharma player Laurus Labs, defence heavyweight Bharat Dynamics, and metal major Nalco.
Jio Financial Services
Nilesh Jain, Head AVP of Technical & Derivatives Research at Centrum Broking, sees positive technical momentum in the NBFC giant. He recommended a buy on Jio Financial Services for an upside target of Rs 258, advising traders to maintain a stop loss at Rs 242.
Indian Bank
Raja Venkatraman, Co-Founder of NeoTrader, identified a buying opportunity in the public sector banking space. He recommended entering the Indian Bank at Rs 920 for an upside target of Rs 950. To manage risk, he suggested a strict stop loss at Rs 900.
Laurus Labs
Venkatraman also highlighted technical strength in the pharmaceutical sector with a buy call on Laurus Labs. He recommended an entry at Rs 1,130 for a target of Rs 1,165, while keeping a stop loss maintained at Rs 1,110.
Bharat Dynamics
Nilesh Jain of Centrum Broking sees further upside in the defence segment, placing a buy rating on Bharat Dynamics. He set an upside target of Rs 1,485 for the stock, protecting the position with a stop loss at Rs 1,396.
NALCO
Ajit Mishra, SVP of Research at Religare Broking, sees momentum in the metals space. He recommended buying Nalco at the current market price of Rs 440 for a target of Rs 468. He suggested maintaining a stop loss at Rs 424.
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