Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on sectors such as auto, banking, power, real estate, and renewable energy.
Top picks for Thursday, July 2 include India's leading passenger vehicle manufacturer Maruti Suzuki, thermal power producer Adani Power, real estate player DLF, renewable energy firm Suzlon and private lender ICICI Bank.
Maruti Suzuki
Gaurav Sharma, Associate Vice President and Head of Research at Globe Capital, sees positive price action in the automobile space. He recommended a buy on Maruti Suzuki for a target of Rs 15,250, advising traders to maintain a stop loss at Rs 14,000.
Adani Power
Shrikant Chouhan, Executive VP and Head Equity Research, Kotak Securities, identified a buying opportunity in the power sector. He recommended entering Adani Power for an upside target of Rs 238, while protecting the position with a stop loss at Rs 222.
Suzlon Energy
VLA Ambala, SEBI registered research analyst and Founder, SMT Stock Market, sees technical strength in the renewable energy space. She recommended a buy on Suzlon for a target of Rs 65 and Rs 70 suggesting a stop loss at Rs 53 to manage downside risk.
DLF
Gaurav Sharma of Globe Capital also highlighted momentum in the real estate segment with a buy call on DLF. He recommended an entry for an upside target of Rs 680, advising traders to keep a stop loss at Rs 625.
ICICI Bank
Shrikant Chouhan of Kotak Securities also sees strong technical momentum in the banking sector. He recommended a buy on ICICI Bank for an upside target of Rs 1,420. Traders are advised to protect the position with a stop loss at Rs 1,350.
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