Nuvama’s Aakash Hindocha flagged three top picks: Apl Apollo Tubes, Tata Motors, and Bharat Forge as attractive buy ideas today.
He expects Nifty to consolidate in a 24700–25100 band, while Bank Nifty could rally from around 54,100.
The index is close to breaking a 10-week trendline—suggesting a potential breakout if levels above 25,05
0 hold.
Apl Apollo is poised to benefit from infra demand, Tata Motors from pickup in CVs, and Bharat Forge from auto cy
cle revival.
Investment thesis leans on cyclicals in infrastructure and auto space, riding on strong domestic momentum.
Caution is advised near resistance bands—profit booking may emerge as indices reach new highs.
Bank Nifty’s breakout could attract fresh institutional interest into financials and allied cy
clicals.
These sector-aligned picks reflect broader rotation from IT into value and cyclical plays.
Traders are advised to use tight stop placements around current levels.
Tactical positioning in infra and auto cyclicals may offer alpha if macro and sentiment hold firm.