Market analysts and brokerage firms have identified five high-conviction trading ideas for the upcoming session, focusing on automotive components, metals and mining, power transmission, telecom infrastructure, and IT services sectors. According to reports from NDTV Profit, the recommendations include Exide Industries, Hindustan Zinc, Adani Energy Solutions, Indus Towers, and Oracle Financial Services Software.
VLA Ambala, SEBI RA & Founder at SMT Stock Market, highlighted technical strength in the automotive components and battery segment. She recommended an entry on Exide Industries in the range of ₹350 to ₹360 for upside targets of ₹390 and ₹430, advising traders to maintain a stop loss at ₹310.
Deven Mehata, Manager – Technical & Derivatives Analyst at IDBI Capital Market and Securities Ltd, identified a buying opportunity in the metals and mining sector. He recommended entering Hindustan Zinc at ₹647 for an upside target of ₹693, while protecting the position with a stop loss at ₹625.
Vinay Rajani, Senior Technical Research Analyst at HDFC Securities, sees positive price action in both power transmission and telecom infrastructure segments. He recommended a buy on Adani Energy Solutions at ₹1,470 for a target price of ₹1,550, suggesting a stop loss at ₹1,440 to manage downside risk. Additionally, VLA Ambala of SMT Stock Market highlighted momentum in telecom infrastructure with a buy call on Indus Towers, recommending an entry in the range of ₹410 to ₹420 for upside targets of ₹460 and ₹500, advising traders to keep a strict stop loss at ₹400.
Vinay Rajani of HDFC Securities also sees strong momentum in the IT services sector. He recommended a buy on Oracle Financial Services Software (OFSS) at ₹9,900 for a target of ₹10,300.
