SBI Securities Top Stock Picks: Indian Hotels, Equitas SFB

🔥 Main Takeaway

SBI Securities is bullish on Indian Hotels and Equitas Small Finance Bank for the upcoming week, signaling potential gains while Nifty navigates a neutral, range-bound phase.

📌 What Happened?

Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities, identified Indian Hotels Company (INDHOTEL) for accumulation between ₹746-754, targeting ₹810 with a ₹720 stop-loss for the July 13-17, 2026 trading week.

Equitas Small Finance Bank (EQUITASBNK) also made the list, recommended for accumulation at ₹82-83, aiming for ₹89 with a ₹79.5 stop-loss over the short term.

Both stocks exhibit strong technical indicators; Indian Hotels broke above a downward-sloping trendline and trades above key moving averages with a weekly Relative Strength Index (RSI) above 60, alongside rising MACD histogram bars.

Equitas SFB saw a breakout from a symmetrical triangle pattern on its daily chart, supported by increased trading volumes, a broken RSI trendline, and a bullish MACD crossover.

The Nifty index currently appears range-bound around its key moving averages, with momentum indicators reflecting a neutral bias and a daily ADX at 12.05, suggesting weak trend strength.

Bank Nifty faces critical resistance at the 58500-58600 zone, while strong support holds near its 20-day Exponential Moving Average (EMA) at 57400-57300, maintaining a positive near-term bias.

💰 Why It Matters

These specific stock recommendations offer actionable insights for short-term traders looking for potential upside in the hospitality and financial sectors within India.

The technical breakouts in INDHOTEL and EQUITASBNK, backed by strong volume and momentum indicators, signal these could be outperformers against the broader market.

Nifty’s neutral, range-bound stance suggests broader market indecision, making stock-specific plays crucial for investors seeking returns in the current environment.

Bank Nifty’s positive bias, supported by its 20-day EMA, hints at resilience in the financial sector, which often influences overall market sentiment and could lead broader indices.

👀 What to Watch Next

Keep an eye on INDHOTEL and EQUITASBNK to see if they hit their ₹810 and ₹89 targets, validating the technical analysis provided by SBI Securities.

Watch for a decisive break in Nifty above 24550 or below 23900; such a move will dictate the market’s next significant directional trend.

Monitor Bank Nifty’s performance, especially if it breaches the 58600 resistance, as this could unlock further gains towards the psychological 60000 mark.