Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the FMCG, telecom, and financial sectors.
Top picks include consumer goods major Tata Consumer Products, telecom heavyweight Bharti Airtel, and gold loan company Muthoot Finance, alongside short-selling strategies for railway PSU Rail Vikas Nigam Ltd. (RVNL) and private lender Federal Bank.
Here are the top five stock picks and trading ideas:
Tata Consumer Products
Ruchit Jain, Vice President of Equity Technical Research at Motilal Oswal Financial Services, has recommended a buy on Tata Consumer Products. He set an upside target price of Rs 1,180 for the stock, advising traders to maintain a stop loss at Rs 1,020.
Rail Vikas Nigam Ltd. (RVNL)
Jain also identified a selling opportunity in the railway PSU space. He recommended a short position on RVNL Futures for a downward target of Rs 260, placing a strict stop loss at Rs 276.
Bharti Airtel
Rajesh Palviya, Head of Research at Axis Securities, sees upside in the telecommunications sector, identifying a buying opportunity in Bharti Airtel. He recommended entering the stock at Rs 1,803 for a target of Rs 1,845, protecting the position with a stop loss at Rs 1,775.
Federal Bank
Bucking the trend of buy calls, Palviya has placed a sell rating on private lender Federal Bank. He advised traders to short the stock at Rs 263 for a target of Rs 250, maintaining a stop loss at Rs 269.
Muthoot Finance
Gaurav Sharma, Associate VP & HOR at Globe Capital, identified a long opportunity in gold loan major Muthoot Finance. He recommended buying at the current market price of Rs 3,340 for a target of Rs 3,550, setting a stop loss at Rs 3,220.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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