Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on Nifty 50 heavyweights across the pharmaceutical, telecommunications, and banking sectors.
Top picks include a consensus buy on pharma major Sun Pharma, telecom giant Bharti Airtel, and the country's largest public sector lender, State Bank of India (SBI).
Here are the top three stock picks and trading ideas:
Sun Pharma
Sun Pharma emerged as a strong consensus top pick, with two leading analysts recommending a buy on the pharmaceutical heavyweight.
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, advised buying at Rs 1,795 for a target of Rs 1,875, with a strict stop loss at Rs 1,755.
Ajit Mishra, SVP of Research at Religare Broking, also recommended entering the stock at the current market price of Rs 1,795.40 for a higher target of Rs 1,895, placing a stop loss at Rs 1,750.
Bharti Airtel
Rajesh Bhosale of Angel One sees significant upside in the telecommunications space, identifying a buying opportunity in Bharti Airtel. He recommended buying the stock at Rs 1,835 for a target of Rs 1,920, advising traders to protect the position with a stop loss maintained at Rs 1,790.
State Bank of India (SBI)
Ajit Mishra of Religare Broking placed a buy rating on PSU banking major, SBI. He recommended a long position at the current market price of Rs 1,060.60 for an upside target of Rs 1,140, with a stop loss placed at Rs 1,020.
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