Equity benchmark indices rebounded smartly, with the Nifty 50 gaining 0.7 percent on September 16 after minor profit booking in the previous session, supported by healthy market breadth. About 1,779 shares gained against 999 declining shares on the NSE. The market is expected to maintain bullish momentum after surpassing the August swing high. Below are some short-term trading ideas to consider:
Amol Athawale, VP-Technical Research at Kotak Securities
Tech Mahindra | CMP: Rs 1,531.5
After its declining trend, Tech Mahindra is in the accumulation zone, where it is trading in a range-bound mode on the daily scale. However, recent bullish activity in the stock is indicating good strength. The stock is expected to break out of the range and witness bullish momentum from the current levels, with a favourable risk-reward perspective. For the next few trading sessions, Rs 1,475 could be the trend-decider level for the bulls. If it sustains above this level, we can expect a further uptrend towards Rs 1,630.
Strategy: Buy
Target: Rs 1,630
Stop-Loss: Rs 1,475
Bandhan Bank | CMP: Rs 162.67
Post its short-term price correction, Bandhan Bank is available near its multiple support zone. The incremental volume activity near this support zone indicates that the downside is restricted. Therefore, the stock is expected to rebound and witness bullish momentum from the current levels. For positional traders, Rs 157 would be the decisive level. Trading above this level, the uptrend formation will continue till Rs 175. However, if it closes below Rs 157, traders may prefer to exit from trading long positions.
Strategy: Buy
Target: Rs 175
Stop-Loss: Rs 157
Ashok Leyland | CMP: Rs 134.54
After the remarkable up move, Ashok Leyland has taken a breather over the last few sessions. The consolidation structure suggests a bullish continuation chart formation. Moreover, the stock comfortably closed above its short-term moving average. Therefore, the stock is likely to resume its uptrend from the current levels in the coming days. As long as the stock is trading above Rs 129, the bullish texture is likely to continue. Above this, the stock could move up to Rs 145.
Strategy: Buy
Target: Rs 145
Stop-Loss: Rs 129
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
KEI Industries | CMP: Rs 4,179.7
KEI Industries is one of the top performers in its sector over the past week. In the previous session, prices closed above the prior swing high of Rs 4,143 and were up by more than 2% during the day. At the start of September 2025, prices found support at the 50-period Exponential Moving Average (EMA), and we have seen a rally of more than 9%.
As long as the price protects the EMA support of Rs 3,900, the overall bias is likely to remain positive. Additionally, for the past 5 trading sessions, prices have been protecting the prior day’s low on a closing basis, which is acting as a double confirmation. One can use dips towards Rs 4,100–4,130 levels as a buying opportunity, which could take prices higher towards Rs 4,280, followed by Rs 4,390.
Strategy: Buy
Target: Rs 4,280, Rs 4,390
Stop-Loss: Rs 3,900
Amber Enterprises India | CMP: Rs 8,298
Amber Enterprises made a fresh record high near Rs 8,324 and outperformed its sector in the previous session. The stock has continued to inch higher in a higher high and higher low fashion. In the previous session, the stock gave a breakout of a larger Ascending Triangle pattern on the daily chart, which is a strong positive sign. However, for confirmation, follow-up buying is required.
On the daily chart, for the past 6 sessions, every candle has closed in green, highlighting its strength. Also, the KST (Know Sure Thing) indicator has turned above the signal line and is also trading above the zero line, suggesting that good momentum is expected to continue. For now, a break above Rs 8,325 is required for bullish momentum to continue towards Rs 8,660, followed by Rs 8,900.
Strategy: Buy
Target: Rs 8,660, Rs 8,900
Stop-Loss: Rs 7,990
Aadhar Housing Finance | CMP: Rs 537.8
On the daily chart, since July 2025, Aadhar Housing Finance was in a sideways trend, consolidating in a range of Rs 490–530. Bullish momentum in the previous session helped the stock give a breakout of this rectangular pattern, and prices also managed to close above it.
Currently, Bollinger Bands have started to expand, with a spike in volumes, suggesting that volatility is likely to increase in the coming sessions. Along with this, the MACD has just given a bullish crossover, further supporting the overall stance. A break above Rs 545 can push prices higher towards Rs 570, followed by Rs 590.
Strategy: Buy
Target: Rs 570, Rs 590
Stop-Loss: Rs 520
Vinay Rajani, Senior Technical & Derivative Analyst at HDFC Securities
Phoenix Mills | CMP: Rs 1,616
Phoenix Mills has broken out from a downward sloping trendline on the weekly chart. The price breakout is accompanied by a jump in volumes. The stock is placed above all key moving averages, indicating an uptrend across all timeframes. The daily RSI is sustaining above 50, indicating a sustained uptrend for the stock. The daily MACD is placed above its signal line.
Strategy: Buy
Target: Rs 1,775
Stop-Loss: Rs 1,510
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF | CMP: Rs 49.41
ETF has recently surpassed the 50 and 200 DEMA resistance. The price breakout is accompanied by a jump in volumes. The daily RSI is sustaining above 50, indicating a sustained uptrend. The daily MACD is placed above both its equilibrium and signal line.
Strategy: Buy
Target: Rs 53
Stop-Loss: Rs 46.8
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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