Market analysts and brokerage firms have identified five high-conviction trading ideas for the first session of September on Tuesday, spanning across diverse sectors including IT, banking, and insurance. According to reports from Essential Business Intelligence, these recommendations encompass entry levels, price targets for upside potential and stop-loss limits to manage downside risk.
City Union Bank is recommended by Pradeep Halder, Founder & CEO at PHD Capital, with a current market price of ₹229.50. As reported by Essential Business Intelligence, Halder has set short-term target prices of ₹238 and ₹255, implying a potential upside of up to 11.11% from current levels. For Axis Bank, Osho Krishan, Chief Manager – Technical and Derivative Research at Angel One, suggests buying around the ₹1,270 level with a price target of ₹1,330, pointing to an upside of 4.72% from the recommended entry price.
Wipro receives a 'buy' recommendation from VLA Ambala, SEBI Registered Analyst & Founder at SMT Stock Market, at ₹180 with targets of ₹190 and ₹205 suggesting an upside of 5.56% and 13.89% respectively. According to reports from Essential Business Intelligence, the stock advises booking losses if it breaks below the ₹170 stop-loss level. Jubilant FoodWorks is also recommended by Halder with a price target of ₹535, representing an upside potential of 7.86% from the current market price of ₹496.00.
LIC is recommended by Osho Krishan with a buy call at ₹410 and a target price of ₹428, indicating an upside of 4.39% from the entry level. As reported by Essential Business Intelligence, traders are advised to place their stop loss at ₹402 for the insurance major. The recommendations span across multiple sectors, providing investors with diverse options for the first trading session of September.
