Intraday picks: SBI, BPCL, Indian Bank among top buys; Tata Motors, Dixon under watch

Mumbai, Sept 30: Market experts have lined up fresh intraday trading strategies for investors today, with banking and energy counters dominating the recommendations.

While bullish calls have been placed on SBI, Indian Bank, BPCL, Petronet LNG, and Bank of Baroda, some stocks such as Tata Motors, Man Industries and Dixon Technologies remain under watch for possible weakness.

Banking Stocks in Focus

• Market expert Vaishali Parekh has recommended a buy on SBI for intraday with a target price of ₹900 and a stop loss at ₹840. The stock is currently trading at ₹870.25 on NSE.
• Kunal Bothra has issued a buy call on Indian Bank, setting a target of ₹745 with stop loss at ₹710, as the counter trades at ₹725.95.
• Gaurav Sharma of Globe Capital also favours the banking sector, recommending a buy on Bank of Baroda with a target of ₹266 and stop loss at ₹248. CMP: ₹254.

Energy & Metal Counters

• In the energy pack, BPCL is in focus with two buy calls. Bothra has set a target of ₹345, while Sharma pegs it higher at ₹355, with stop loss fixed at ₹330. CMP: ₹337.85.
• Petronet LNG has also been recommended as a buy by Bothra, with a target of ₹288 and a stop loss at ₹274. CMP: ₹279.50.
• On the metals side, Hindustan Zinc has a buy call from Parekh with a target of ₹485 and a stop loss at ₹450. CMP: ₹466.20.

Stocks Showing Weakness:

• Analysts remain cautious on Man Industries, which has closed below its 20-DEMA. A breach of ₹386 could trigger further downside to ₹330, though the immediate intraday target remains at ₹390. CMP: ₹409.
• Tata Motors faces rejection at ₹680, with support at ₹640. A breakdown below this level could drag it towards ₹580. CMP: ₹674.
• Dixon Technologies has support at ₹16,000 but must reclaim ₹17,308 to resume an uptrend. CMP: ₹16,679.

Other Active Counters

• Blue Dart: Support at ₹5,350, rebound possible towards ₹5,700. CMP: ₹5,600.
• BEL: Momentum play above ₹401 could take it to ₹440; strong support lies at ₹388. CMP: ₹400.80.
• Phoenix Mills: Buy recommended with support at ₹1,530 and target at ₹1,650. CMP: ₹1,551.
• RVNL: Buy maintained with target at ₹380 if sustained above ₹350. CMP: ₹341.75.
• NOCIL: Support at ₹168; bullish only above ₹180. CMP: ₹172.60.
• Kaynes Technology: Positive trend expected above ₹7,000, with target at ₹7,600. CMP: ₹7,070.50.
• DCB Bank: Above ₹125, stock may test ₹134. CMP: ₹123.55.

Market View

Experts highlight that banking and energy names are leading the intraday opportunity today, while auto and industrial counters are showing signs of pressure. Traders are advised to track support and resistance levels closely to navigate volatility.