Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing heavily on the metals, mining, electric mobility, and consumer appliances sectors.
Top picks include metal major Jindal Steel & Power (JSPL), electric vehicle manufacturer Olectra Greentech, state-run mining firm Gujarat Mineral Development Corporation (GMDC), iron and steel maker Godawari Power and Ispat Ltd (GPIL), and consumer durables brand Butterfly Gandhimathi Appliances.
Here are the top five stock picks and trading ideas:
Jindal Steel & Power (JSPL)
Shrikant Chauhan has recommended a buy on metal major JSPL. He advised traders to enter the stock for an upside target of Rs 1,300, protecting the position with a strict stop loss placed at Rs 1,140.
Olectra Greentech
VLA Ambala, SEBI RA & Founder of SMT Stock Market Today, sees a strong short-term investment opportunity in the electric mobility space with Olectra Greentech.
Based on technical price action, she suggested entering the stock between Rs 1,050 and Rs 1,070. She laid out multiple staggered targets at Rs 1,170, Rs 1,240, Rs 1,400, Rs 1,500, and Rs 1,650, with a stop loss maintained at Rs 950.
Gujarat Mineral Development Corporation (GMDC)
Sachin Janardan Sarvade, AVP of Derivatives and Retail Research at IDBI Capital Markets and Securities, sees strong upside in the mining sector. He recommended entering GMDC in the Rs 565–575 range for a robust target of Rs 650, protecting the position with a stop loss placed at Rs 538.
Godawari Power and Ispat Ltd (GPIL)
Sarvade also identified a buying opportunity in the metal and power space, placing a buy call on GPIL. He advised traders to buy the stock between Rs 258 and Rs 263 for an upside target of Rs 295, while maintaining a strict stop loss at Rs 249.
Butterfly Gandhimathi Appliances
VLA Ambala also identified a value pick in the consumer appliances sector for a mid-term swing trade. She recommended buying Butterfly in the Rs 600–610 range. She set target prices of Rs 670 and Rs 750, maintaining a stop loss at Rs 570.
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