Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on power, electronics sector, banking, coal mining and aluminium space.
Top picks for Friday, June 19 include Adani Power, Kaynes Technology, Bank of India, NLC India, and Hindalco.
Adani Power
Amit Goel, Chartered Market Technician, SEBI registered Research Analyst and Partner & Co-Founder of BlueOak Wealth, sees positive price action in the power space. He recommended a buy on Adani Power for a target of Rs 255, advising traders to maintain a stop loss at Rs 215.
NLC India
Gaurav Sharma, Associate VP and Head of Research at Globe Capital, identified a buying opportunity in the coal minig and thermal power sector. He recommended entering PSU NLC India for an upside target of Rs 342, while protecting the position with a stop loss at Rs 314.
Kaynes
Amit Goel of BlueOak Wealth, sees technical strength in the electronics sector. He recommended a buy on Kaynes for a target of Rs 3,623 suggesting a stop loss at Rs 3,232 to manage downside risk.
Bank Of India
Osho Krishan, Chief Manager- Technical and Derivative Research, Angel One also highlighted momentum in the banking sector with a buy call on Bank of India. He recommended an entry for an upside target of Rs 155, advising traders to keep a stop loss at Rs 142.
Hindalco
Gaurav Sharma of Globe Capital also sees strong technical momentum in the aluminium space. He recommended a buy on Hindalco for an upside target of Rs 1,075. Traders are advised to protect the position with a stop loss at Rs 975.
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