March expiry likely in range of 9,100-9,200; 5 stocks to buy for short term

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26 Aug, 2025 12:21

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By Abnish Kumar Sudhanshu
Amrapali Aadya Trading & Investments

The Nifty made a double bottom at around Rs 9,020 which is likely to act as support zone and 9,220 to act as a resistance. Incremental buying will continue as long as Nifty holds 9,100 mark into the expiry of March series derivative expiry.

We are cautiously bullish as Open interest build up shows maximum Call and Put writing firmly placed at strike prices 9,200 and 9,100 respectively.

Top four stocks to buy based on various technical parameters:

Marico: BUY| Target Rs 310; Stop Loss Rs 293| Upside 3.7%

The stock is in a short-term bull market and the daily chart shows the formation of a bullish continuation pattern. On Wednesday, it broke out above its short-term high and comfortably closed higher making the trend even stronger.

The momentum indicator shows a divergence which is yet to happen. MACD is making a cross over its signal line which is a bullish sign.

M&M: BUY| Target Rs 1,290; Stop Loss Rs 1,255| Upside 1.5%

M&M was off buyer’s radar on uncertainty over emission control standard. With Supreme verdict clears the air, the stock is likely to see some relief rally ahead.

Intraday chart shows that M&M saw some delivery based buying towards the end of the session on Wednesday. The relative strength index (RSI) of the stock is below 40 that shows it is already at a near oversold zone.

ICICI Bank: BUY| Target Rs 295; Stop Loss Rs 275| Upside 4.6%

Forming a strong bullish candle, the stock has moved higher from its short-term average trading levels. The short-term average, 20-DMA, made a crossover above its medium-term averages placed at 50-DMA which is a bullish sign.

The stock is likely to find strong support placed at Rs 275 which happens to be its 50-DMA. Momentum indicator such as RSI trades at 53 which is a neutral and an MACD crossover signal line is also happening which is a bullish sign.

VRL Logistics: BUY| Target Rs 320; Stop Loss Rs 296| Upside 5%

For quite some time, the stock was trading at congestion zone around Rs 300. With road block clear for GST play from July 2017 it has now come out from its long congestion period on Wednesday.

It has strong support placed at Rs 295 which is also its short-term and long-term moving average. On the daily chart, it has formed a strong bull candle which closes higher breaking above its range.

Incremental buying on the intraday chart shows carrying of positions.

Disclaimer: The author is Director & Research Head, Amrapali Aadya Trading & Investments. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.