The benchmark indices recouped all of the previous day's losses and closed nearly 0.7 percent higher on October 27, but the market breadth was neutral. About 1,434 shares advanced against 1,430 declining shares on the NSE. The market is expected to remain positive and may target the previous week's high in the upcoming sessions. Below are some short-term trading ideas to consider:
Mehul Kothari, DVP – Technical Research at Anand Rathi
Amber Enterprises | CMP: Rs 8,476
Amber Enterprises has been in a strong primary uptrend, forming higher highs and higher lows on the daily chart. After a brief consolidation phase, the stock has confirmed a breakout near its all-time high, supported by rising momentum oscillators. This indicates renewed buying interest and strength in trend continuation. Traders may consider entering long positions near Rs 8,450.
Strategy: Buy
Target: Rs 8,850
Stop-Loss: Rs 8,250
Vadilal Industries | CMP: Rs 5,557.5
Vadilal Industries has rebounded sharply from the rising trendline support that has held since March, confirming a continuation of the long-term uptrend. The stock has crossed above the Ichimoku cloud with all key EMAs (20/50/100/200) sloping upwards, reflecting early-stage momentum build-up. This confluence of signals highlights a favourable risk–reward setup for positional traders. Traders may consider entering long positions in the Rs 5,520–5,480 zone for a target of Rs 6,100 over the next 90 days.
Strategy: Buy
Target: Rs 6,100
Stop-Loss: Rs 5,200
KFin Technologies | CMP: Rs 1,168.9
KFin Technologies has given a fresh breakout above the Rs 1,130–1,150 zone after a prolonged consolidation, confirming a renewed bullish phase. The stock has reclaimed all major EMAs (20/50/100/200), indicating a clear shift in momentum in favour of buyers. Additionally, the RSI crossing above 60 and an upward-turning ADX suggest strengthening trend participation. Traders may consider entering long positions in the Rs 1,150–1,130 zone.
Strategy: Buy
Target: Rs 1,270
Stop-Loss: Rs 1,075
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
Cholamandalam Investment and Finance Company | CMP: Rs 1,732.4
Cholamandalam Investment and Finance has provided a breakout from multiple swing resistances with long build-up, which is a positive sign in the near term. The options data indicate that there is a high Call base in November; however, post rollover, the data are likely to witness a change, as the overall trend so far has been bullish in the financial sector.
Another reason for a potential upside is that the stock is trading well above its 20-day VWAP (Volume Weighted Average Price) as well as its maximum pain level of the Rs 1,700 strike, and both of these will provide support at lower levels. Buy Cholamandalam Investment November Futures in the range of Rs 1,720–1,740.
Strategy: Buy
Target: Rs 1,780, Rs 1,800
Stop-Loss: Rs 1,690
Grasim Industries | CMP: 2,923.9
Grasim has provided a breakout from multiple swing resistances, and with that, it has witnessed long additions as well, thus indicating a short-term uptrend in the near term. It has also provided a breakout from an ascending triangular pattern, which is a bullish reversal pattern.
The options data indicate that there is the highest Call base at the Rs 3,000 strike, above which there is no major hurdle, thus making a strong bull case in the near term. The stock is also trading well above its 20-day VWAP as well as its maximum pain levels, and these will provide support in the near term. Buy Grasim November Futures in the range of Rs 2,945–2,960.
Strategy: Buy
Target: Rs 3,060, Rs 3,100
Stop-Loss: Rs 2,890
Cummins India | CMP: Rs 4,311.5
Cummins has formed a lifetime high on the back of fresh long additions in the futures segment, which is a positive sign in the near term. The stock has taken out its critical resistance of the Rs 4,200 level, and now, as per the options data, there have been significant Put additions at lower levels, with the highest Put base at the Rs 4,100 strike, which is now an important support.
The Call base is now in the range of the Rs 4,300–4,400 strikes; however, with this kind of breakout, along with bullish momentum and long build-up, the probability of an upside is higher. The stock is trading well above its 20-day VWAP as well as its maximum pain level, indicating a clear uptrend potential for the stock in the near term. Buy Cummins India November Futures in the range of Rs 4,330–4,345.
Strategy: Buy
Target: Rs 4,420, Rs 4,450
Stop-Loss: Rs 4,230
Vidnyan S Sawant, Head of Research at GEPL Capital
Ujjivan Small Finance Bank | CMP: Rs 54
Ujjivan Small Finance Bank has been forming a series of higher tops and higher bottoms, indicating a bullish near-term trend. The stock has broken above its May 2025 swing high, supported by a notable rise in volume, surpassing the 20-day average. The MACD is trending higher in positive territory, confirming the continuation of bullish momentum.
Strategy: Buy
Target: Rs 60
Stop-Loss: Rs 51.50
RBL Bank | CMP: Rs 322
RBL Bank has been in a steady uptrend since March 2025, moving within a rising channel where every dip has consistently found support near the key 20 EMA. In the previous week, the stock registered a breakout above its January 2024 swing high, accompanied by strong volume and a bullish candlestick formation, indicating renewed strength and a potential extension of its primary uptrend. The RSI, currently above 70, further reinforces the continuation of bullish momentum.
Strategy: Buy
Target: Rs 348
Stop-Loss: Rs 309
Godawari Power and Ispat | CMP: Rs 270.5
Godawari Power and Ispat has been in a sustained uptrend since 2020, forming higher tops and bottoms on the monthly scale. After a sharp rally from June 2023 to June 2024, the stock consolidated for 14 months and has now broken out of that zone.
On the weekly scale, it found support near the 38.2% Fibonacci retracement of the prior rally (Rs 174–278), while on the daily chart, it shows a bullish mean reversion from the 50-DEMA. The MACD remains in buy mode, confirming continued bullish momentum across timeframes.
Strategy: Buy
Target: Rs 303
Stop-Loss: Rs 256
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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