Leading market analysts have flagged fresh high-conviction trading ideas for the near term, with a mixed bag of buy and sell calls across banking, metals, structural steel and more.
Stocks in focus include Tata Steel, Canara Bank, NTPC and more.
Tata Steel
Chandan Taparia, Head- Technical & Derivatives Research MOFSL, has issued a buy call on Tata Steel at Rs 189. She has set a target price of Rs 200, while placing a stop loss at Rs 183, indicating continued strength in the space.
NTPC
Gaurav Sharma, Associate VP & HOR, Globe Capital has taken a constructive stance on NTPC. He has recommended a buy at Rs 350, with a stop loss at Rs 340 and an upside target of Rs 375, pointing to near-term uptick at higher levels.
Tata Communications
Sharma also has recommended a buy on Tata Comms at Rs 1,753, with a stop loss at Rs 1,725 and a target of Rs 1,830/1,860, suggesting limited downside and a favourable risk-reward ratio.
Canara Bank
Nilesh Jain, Head AVP- Technical & Derivatives Research (Equity Research), Centrum Broking Ltd. has turned bullish on Shriram Finance. He has advised a buy, with a stop loss at Rs 150.5 and a target of Rs 161, betting on improving price momentum in the stock.
APL Apollo Tubes
Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One has issued a buy call on APL Apollo Tubes at Rs 1,935. He has set a target price of Rs 2,000, while placing a stop loss at Rs 1,900, indicating continued strength in the space.
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