Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, with a strong focus on the IT, financial services, and metal sectors.
Top picks include IT majors TCS and Coforge, insurance giant SBI Life, and state-owned power financier PFC.
Tata Consultancy Services (TCS)
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, recommended a buy on IT heavyweight TCS. He advised entering the stock at Rs 3,185 for a target of Rs 3,400, placing a stop loss at Rs 3,090.
SBI Life Insurance
Raja Venkatraman, Co-Founder of NeoTrader, identified value in the insurance sector. He recommended buying SBI Life at Rs 2,000. Venkatraman set a target of Rs 2,050, advising traders to maintain a stop loss at Rs 1,970.
Power Finance Corporation (PFC)
Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services, sees upside in the power financing space. He recommended a buy on PFC with a target of Rs 400, placing a stop loss at Rs 370.
Tata Steel
Venkatraman also suggested a long position on Tata Steel. He advised buying at Rs 194 for a target of Rs 203, with a stop loss maintained at Rs 190.
Coforge
Osho Krishan, Chief Manager of Technical and Derivative Research at Angel One, placed a buy rating on mid-cap IT firm Coforge. He recommended buying in the range of Rs 1,640-1,650 for targets between Rs 1,700 and Rs 1,720, with a stop loss at Rs 1,610.
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