The benchmark indices cut down losses, with the Nifty 50 closing 0.23 percent down on October 13, amid negative market breadth. A total of 1,912 shares declined against 914 advancing shares on the NSE. The market is expected to consolidate further before entering a firm directional move. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Borosil Renewables | CMP: Rs 642.35
After more than a year of consolidation, Borosil Renewables has successfully broken its long-term trendline, followed by a retest and reversal, confirming the breakout. The consolidation occurred near the 200-period SMA on the weekly chart, indicating strong underlying support. Market participation is gradually increasing, as reflected in rising volumes. Technical indicators reinforce the bullish case, with RSI breaking out and the MACD crossing above the zero line, signalling positive momentum. Traders may consider entering long positions in the Rs 645–620 zone.
Strategy: Buy
Target: Rs 800
Stop-Loss: Rs 550
Latent View Analytics | CMP: Rs 433.95
Latent View Analytics has reclaimed its 200 DEMA and is sustaining above it, indicating renewed strength in the price structure. Adding to the bullish setup, the fixed volume range since July 2024 shows a point of control (POC) in the same zone, highlighted by the red horizontal line, which acts as a strong volume-based support area.
On the indicator front, the MACD has given a bullish crossover, reinforcing the positive momentum. Alongside, a trendline breakout on the price chart confirms the shift in trend. These combined technical factors suggest that the stock is entering a stronger phase, supported by both price action and volume dynamics, which may attract further buying interest in the near term. Traders may consider entering long positions in the Rs 435–425 zone.
Strategy: Buy
Target: Rs 500
Stop-Loss: Rs 400
Godrej Properties | CMP: Rs 2,096.9
Godrej Properties has formed multiple bottoms near the Rs 2,000 mark, indicating a strong base-building zone. This level gains further significance as the MACD is showing bullish divergence, hinting at a potential reversal in momentum. Alongside, a trendline breakout on the price chart has strengthened the bullish structure, suggesting improved buying interest.
Adding to this setup, the fixed volume range since September 2024 highlights a point of control (POC) around Rs 2,000, represented by the red horizontal line, which acts as a robust volume-based support area. This confluence of support, bullish divergence, and breakout structure indicates a shift in sentiment from accumulation to potential upside, improving the probability of a sustained upward move in the near term. Traders may consider entering long positions in the Rs 2,100–2,075 zone.
Strategy: Buy
Target: Rs 2,300
Stop-Loss: Rs 1,900
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
Bajaj Auto | CMP: Rs 9,066
Bajaj Auto has provided a breakout from a downtrend line resistance, with a decrease in open interest in the futures segment indicating short covering in the near term, which is a positive sign. In the two-wheeler space, only Bajaj Auto has short positions to be covered, whereas the rest of the stocks have witnessed long additions.
Bajaj Auto has underperformed its peers in the recent past, and with this breakout, it is likely to catch up to the rally. The options data indicates that the Rs 9,000 strike has the highest Call base, and the stock price has moved beyond those levels. Hence, if the stock moves higher from current levels, further short covering cannot be ruled out, which would be supported by Call unwinding. Buy Bajaj Auto Futures in the range of Rs 9,100–9,130.
Strategy: Buy
Target: Rs 9,400, Rs 9,500
Stop-Loss: Rs 8,900
State Bank of India | CMP: Rs 882.95
SBI has again provided a breakout from consolidation, with a decrease in open interest indicating short covering, which is a positive sign for the short term. In the recent run-up in the Bank Nifty, PSU banks have relatively outperformed private sector banking peers. As per the options data, the stock has significant Call addition from Rs 880 to Rs 900, which will act as a hurdle. However, the stock is trading well above its maximum pain level of Rs 874 and its 20-day VWAP of Rs 863, indicating positive momentum in the near term.
There have been Put additions from Rs 880 to Rs 820, which will provide support to the stock on dips. The PCR (Put-Call Ratio) is at 0.62, which is near oversold levels; hence, the risk-reward is favourable on the long side. Buy SBI Futures in the range of Rs 883–886.
Strategy: Buy
Target: Rs 905, Rs 920
Stop-Loss: Rs 865
Indian Hotels | CMP: Rs 726.05
Indian Hotels has been forming lower tops and lower bottoms, accompanied by an increase in open interest in recent times, indicating short build-up, which is a negative sign in the near term.
The stock is trading below its 20-day VWAP of Rs 745, as well as below its maximum pain level of Rs 740, so the Rs 740–745 range will act as a resistance in the near term. There have been significant Call additions from Rs 750 to Rs 730 strikes, also indicating a higher probability of a short-term correction. Sell Indian Hotels Futures in the range of Rs 732–728.
Strategy: Sell
Target: Rs 710, Rs 700
Stop-Loss: Rs 743
Vidnyan S Sawant, Head of Research at GEPL Capital
Axis Bank | CMP: Rs 1,189.6
On the daily scale, Axis Bank has been forming a sequence of higher tops and higher bottoms after establishing a strong base near the 61.8% Fibonacci retracement level. During the recent upmove, the stock experienced a 4% drawdown, followed by a swift 7% recovery, indicating strong buying momentum. A similar 4% corrective move has recently concluded, with the stock now exhibiting a positive polarity shift, as the September 2025 swing high acts as a support zone. This price action suggests the stock is poised to resume its upward trajectory in line with its prevailing bullish structure.
Strategy: Buy
Target: Rs 1,285
Stop-Loss: Rs 1,145
Aditya Birla Capital | CMP: Rs 299.05
Aditya Birla Capital has shown strong structural improvement, breaking out of its IPO base in June 2025 with a classic Cup & Handle formation supported by robust volumes. Since August 2025, the stock has maintained higher tops and bottoms, with each 6% correction followed by a swift 10% rebound. The current retracement of similar magnitude indicates a potential upward move, in line with its historical behaviour.
Strategy: Buy
Target: Rs 335
Stop-Loss: Rs 284
Polycab India | CMP: Rs 7,685.5
Polycab has been exhibiting robust structural development, with a consistent price behaviour pattern. The stock continues to move within an upward channel and trades firmly above its 50-day EMA, reinforcing its bullish structure. Historically, the stock has bottomed out after 6–7% retracements before resuming its uptrend. Recently, it has completed a similar retracement and has begun rising toward the upper band of the channel, with the RSI above 65, confirming sustained momentum.
Strategy: Buy
Target: Rs 8,538
Stop-Loss: Rs 7,380
Indian Bank | CMP: Rs 783.5
Indian Bank has been exhibiting strong relative strength amid market volatility, maintaining a steady uptrend following a breakout and successful retest of its large consolidation phase. The stock trades well above the 20-day EMA, highlighting trend strength, while the ADX at 60 and +DI above 30 further confirm the robust momentum and sustained bullish trend.
Strategy: Buy
Target: Rs 855
Stop-Loss: Rs 753
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
