Market analysts and brokerage firms have identified five high-conviction trading ideas for the upcoming session, focusing on oil marketing, public sector banking, power technology, heavy electrical equipment, and automobiles. According to reports from NDTV Profit, the recommendations include Indian Oil Corporation (IOC), Bank of India, Hitachi Energy India, CG Power, and Bajaj Auto. These picks span across multiple sectors, providing diversified investment opportunities for traders.
Vinay Rajani, Senior Technical Research Analyst at HDFC Securities, sees positive price action in Indian Oil Corporation (IOC). As reported by NDTV Profit, he recommended a buy at ₹138.25 with a target of ₹144, advising traders to maintain a stop loss at ₹136. The oil marketing major represents a key recommendation in the energy sector.
Vinay Rajani of HDFC Securities also identified a buying opportunity in the public sector banking space. According to NDTV Profit, he recommended entering Bank of India at ₹139.70 for an upside target of ₹145, while protecting the position with a stop loss at ₹137. The recommendation comes amid positive sentiment in the banking sector.
Amit Goel, CMT, SEBI RA, Partner & Co-Founder at BlueOak Wealth, sees technical strength in the power technology segment. As reported by NDTV Profit, he recommended a buy on Hitachi Energy India at ₹35,790 for an upside target of ₹41,700, suggesting a stop loss at ₹32,700 to manage downside risk. The recommendation reflects positive momentum in the power technology sector, with the stock recently reaching a new 52-week high of ₹35,749.95 and gaining 23% in the last month.
Ajit Mishra, SVP of Research at Religare Broking, highlighted momentum in the heavy electricals sector with a buy call on CG Power. According to NDTV Profit, he recommended an entry at the current market price of ₹854 for an upside target of ₹920, advising traders to keep a strict stop loss at ₹820. The recommendation reflects strong technical indicators in the heavy electrical equipment sector, with the stock showing 11% gains in the last month.
Ajit Mishra of Religare Broking also sees strong momentum in the automotive sector. As reported by NDTV Profit, he recommended a buy on Bajaj Auto at ₹10,460 for a target of ₹11,500. Traders are advised to protect the position with a stop loss at ₹10,100. The recommendation reflects positive sentiment in the automotive sector amid favorable market conditions.
