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    ​ICICI Direct's top technical picks from 10 different sectors to bet on in June​

    ETMarkets.com|
    1/10

    ​​Stock Ideas

    Nifty has extended its previous month gains, aided by consistent FPI flows. Breakout from the last 4 weeks' consolidation bodes well for acceleration of uptrend, says ICICI Direct report. Also, the report added that FII buying that has been sturdy during May and will continue to support the acceleration of structural uptrend going ahead.

    So, in view of the current market set-up wherein the brokerage sees Nifty headed to lifetime highs and midcaps to outperform, ICICI Direct has come out with its top technical sectoral bets for June month. Here is a collation of the bets from the report.


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    ​​BFSI
    2/10

    ​​BFSI

    BFSI space is seen to maintain its outperformance by the brokerage.

    ​Top bets: Kotak Mahindra Bank, Axis Bank, SBI, IDFC First Bank, L&T Finance, M&M Finance

    ​

    Shutterstock.com
    ​​PSU
    3/10

    ​​PSU

    ​Top bets: HAL, BEL, BDL Coal India, ONGC, IOC, NALCO, PFC

    THE ECONOMIC TIMES
    ​​Capital goods
    4/10

    ​​Capital goods

    The brokerage is of the view that the space shall become stock-specific as after several months of outperformance, largecaps are showing consolidation.

    Top bets: Elgi Equipment, Grindwell Norton, Anup Engineering, Transformers &Rectifiers, Tega Industries

    ​

    iStock
    ​​Auto
    5/10

    ​​Auto

    Stocks from the space are seen to relatively outperform. Nifty Auto, that is currently placed at an all time-high, is showing improvement both in relative as well as momentum terms.

    Top bets: Tata Motors, Maruti Suzuki, Eicher Motors, JK Tyres, Mahindra CIE, Gabriel India

    ETMarkets.com
    Telecom and IT
    6/10

    Telecom and IT

    For the IT pack, brokerage says that in its Relative Strength Model, largecap IT counters are placed at a Bargain Buy quadrant.

    Top bets: Reliance Industries, TCS,LTIM ,HCL Tech, Persistent Systems, Newgen Software, BirlaSoft

    iStock
    ​​Consumption and Retail
    7/10

    ​​Consumption and Retail

    The brokerage says that led by ITC, the pack is placed at the outperformer quadrant and as other stocks are resuming an uptrend, there is a buying opportunity in them.

    Top bets: ITC, Marico Industries, Titan, Astral, Trent, Havells, United Spirits

    Agencies
    ​​Pharma and Chemicals
    8/10

    ​​Pharma and Chemicals

    In general, the pack is seen to lag amid stock specific performance, noted the brokerage.

    Top bets: Divi's Laboratories, Lauras Lab, Lupin, Syngene, Healthcare Global, Navin Fluorine, PI Industries

    ​

    ETMarkets.com
    Infra, Real Estate and Metals
    9/10

    Infra, Real Estate and Metals

    The signs of interest rate peaking out has helped the sector stage a sharp rally. Meanwhile, the brokerage sees the metal index to be currently placed at the neutral quadrant and it shall underperform in the coming month.

    Top bets: Ambuja Cements, DLF, Brigade Enterprises, PNC Infra, NCC, JSW Steel, Hindalco

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    Others
    10/10

    Others

    Top bets: Tata power, Shoppers Stop, TCI, Globus Spirit, IRCON, GMDC ,Huhtamaki PPL, Jubilant Foods, Lemon Tree, Tejas Network, Wonderla holidays

    Agencies
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