Brokerage firms and market analysts issued fresh trading ideas for today's session with opportunities across banking, metal, auto and energy counters. Most experts expect continued momentum in large-cap and mid-cap stocks. Here are the key intraday and short-term picks recommended by top analysts.
IDFC First Bank (CMP: Rs 82.99)
Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, has recommended buying IDFC First Bank at Rs 83 with a stop loss at Rs 82 and a target of Rs 86, noting that the stock is entering a new round of momentum.
Mahindra and Mahindra Financial Svcs Ltd. (M&MFIN) (CMP: Rs 383.00)
Sachin Janardan Sarvade, AVP – Derivatives, Retail Research at IDBI Capital, has advised traders to buy M&M Financial Services (M&MFIN) in the Rs 380–385 range, placing a stop loss at Rs 354 and setting a target of Rs 450.
Indian Bank (CMP: Rs 920)
Raja Venkatraman, Co-Founder of NeoTrader, has issued a buy call for Indian Bank at Rs 920 with a stop loss at Rs 900 and a target of Rs 945.
Chandan Taparia, Head – Technical & Derivatives Research at MOFSL recommends a buy at Rs 920 with a stop loss at Rs 889 and a target price of Rs 978, pointing out a trendline breakout and continued support from the 50‑DEMA, with MACD indicating further strength.
Cummins India Ltd. (CMP: 4,600.00)
Venkatraman has also issued a buy call for Cummins India at Rs 4,600 with a stop loss at Rs 4,555 and a target price of Rs 4,685.
Taparia has turned bullish on Cummins India, suggesting a buy at the current market price of Rs 4,597 with a stop loss at Rs 4,440 and a target price of Rs 4,900. He highlights that the stock has broken out of a consolidation zone on the daily chart, supported by a strong bullish candle, high volumes, and an improving RSI.
Bank of India Ltd. (CMP: Rs 170.74)
Osho Krishan, Chief Manager – Technical & Derivative Research at Angel One, has suggested buying Bank of India at Rs 169, placing a stop loss at Rs 162 and a target price of Rs 180.
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