- Kotak Securities recommends buying ICICI Bank with a target of Rs 1,270 and stop loss at Rs 1,230
- Two analysts suggest buying Godawari Power and Ispat Ltd between Rs 282-285 with targets up to Rs 321
- Kush Bohra advises short-selling Blue Star April Futures with targets at Rs 1,515 and Rs 1,495
Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on the banking, metals, mining, and consumer durables sectors.
Top picks include private lender ICICI Bank, iron and steel manufacturer Godawari Power and Ispat Ltd (GPIL), metal major JSW Steel, and state-run mining firm National Aluminium Company (Nalco), alongside a short-selling strategy for consumer durables player Blue Star.
Here are the top five stock picks and trading ideas:
ICICI Bank
Shrikant Chouhan, Executive VP & Head of Equity Research at Kotak Securities, placed a buy rating on private banking heavyweight ICICI Bank. He recommended a long position for an upside target of Rs 1,270, advising traders to maintain a strict stop loss at Rs 1,230.
Godawari Power and Ispat Ltd (GPIL)
GPIL emerged as a consensus top pick, with two analysts recommending a buy on the stock.
Sachin Janardan Sarvade, AVP of Derivatives and Retail Research at IDBI Capital Markets, recommended entering the stock between Rs 282 and Rs 285 for a robust target of Rs 321, protecting the position with a stop loss placed at Rs 267.
Kush Bohra, Founder of Kushbohra.com, identified GPIL as a positional pick, setting staggered targets of Rs 290 and Rs 297, with a stop loss maintained at Rs 278.
Blue Star
Bucking the trend of buy calls, Kush Bohra has identified a selling opportunity in the consumer durables space. He recommended a short position on Blue Star April Futures for downward targets of Rs 1,515 and Rs 1,495, placing a stop loss at Rs 1,555.
JSW Steel
Shrikant Chouhan of Kotak Securities also sees upside in the metals sector, recommending a buy on JSW Steel. He advised entering the stock for a target of Rs 1,190, protecting the trade with a stop loss at Rs 1,140.
National Aluminium Co. (Nalco)
Chandan Taparia, Head of Technical & Derivatives Research at Motilal Oswal Financial Services, highlighted momentum in the mining sector with a buy on Nalco (NATIONALUM). He set an upside target of Rs 428, maintaining a stop loss at Rs 400.
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