Prominent market analysts and brokerage firms have pinpointed high-confidence trading strategies for the forthcoming session, with a robust agreement forming around the FMCG and banking sectors.
Key selections feature FMCG giants ITC, Hindustan Unilever (HUL), and Britannia, in addition to private banking leaders Kotak Mahindra Bank and ICICI Bank.
Below are the five leading stock selections and trading strategies:
ITC
Akshay P Bhagwat, the Senior Vice President at JM Financial, has advised investors to consider purchasing shares of the diversified conglomerate ITC. He has established a target price between Rs 335 and Rs 340, while recommending that traders set a stop loss at Rs 314.
Hindustan Unilever (HUL)
Rajesh Bhosale, an Equity Technical and Derivative Analyst at Angel One, has recognized potential value in the FMCG leader HUL. He has suggested buying the stock at Rs 2,424, aiming for a target of Rs 2,530, and has indicated a stop loss at Rs 2,360.
Kotak Mahindra Bank
Akshay P Bhagwat from JM Financial has also identified potential growth in the banking sector, issuing a buy recommendation for Kotak Mahindra Bank. He has set target prices ranging from Rs 435 to Rs 440, with a stop loss at Rs 407.
ICICI Bank
Shrikant Chauhan, the Senior Vice President at Kotak Securities, has recommended a buy for the private lender ICICI Bank. He has advised entering the position at Rs 1,404.40, targeting Rs 1,445 and Rs 1,465, while suggesting a stop loss at Rs 1,375.
Britannia Industries
Chauhan has also proposed a long position in Britannia. He has recommended purchasing at Rs 5,900, with targets set at Rs 5,970 and Rs 6,000, and a stop loss at Rs 5,850.