Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on large-cap banking, power infrastructure, insurance technology, and industrial equipment. Top picks include banking heavyweights SBI and ICICI Bank.
Here are the top five stock picks and trading ideas
State Bank of India (SBI)
Gaurav Sharma, Associate VP & HOR at Globe Capital, sees strong technical momentum in the public sector banking leader. He recommended a buy on SBIN at the current market price of Rs 1,080 for an upside target of Rs 1,140. He suggested protecting the position with a stop loss at Rs 1,050.
ICICI Bank
Shrikant Chouhan, Executive VP & Head of Equity Research at Kotak Securities, highlighted a bullish setup in the private banking space. He recommended taking a long position in ICICI Bank with an upside target of Rs 1,400. Traders are advised to maintain a strict stop loss at Rs 1,320.
BHEL (Bharat Heavy Electricals Ltd.)
Chouhan also identified a buying opportunity in the heavy electricals and power infrastructure segment. He recommended entering BHEL for a target price of Rs 330, while advising traders to place a stop loss at Rs 309.
PolicyBazaar (PB Fintech)
VLA Ambala, SEBI RA & Founder of SMT Stock Market, identified a buying opportunity in the fintech space. She recommended entering PolicyBazaar in the Rs 1,560-1,600 range. She set staggered targets of Rs 1,700 and Rs 1,870, with a stop loss maintained at Rs 1,450.
CG Power and Industrial Solutions
Ambala also sees upside in the industrial equipment sector, placing a buy call on CG Power. She recommended buying in the Rs 750-779 range for upside targets of Rs 840 and Rs 920. The suggested stop loss for this trade is Rs 700.
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