Equity benchmarks again failed to sustain at higher levels due to profit booking and closed with moderate gains, extending the uptrend for the fourth straight day on September 8. The market breadth remained positive, with 1,561 shares advancing compared to 1,256 declining shares on the NSE. The frontline indices are likely to rally if they start trading above all key moving averages. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Sequent Scientific | CMP: Rs 185.67
Sequent has shown encouraging technical developments, pointing towards a potential bullish move. The stock witnessed strong consolidation near the 200-day exponential moving average (DEMA) before registering a decisive trendline breakout, reflecting strength at lower levels. Further, the RSI breakout signals improving momentum, adding conviction to the positive outlook. Importantly, the MACD has given a bullish crossover, supported by a histogram divergence, which suggests a shift in momentum in favour of buyers. Traders may consider entering long positions in the Rs 184–180 zone.
Strategy: Buy
Target: Rs 205
Stop-Loss: Rs 170
Varroc Engineering | CMP: Rs 603.75
Varroc is displaying a strong bullish setup supported by multiple technical signals. On the weekly chart, the stock has formed a solid base around the 200-period EMA, reinforcing stability at lower levels. A trendline breakout has been confirmed, highlighting renewed buying interest. The weekly RSI has also surpassed its previous swing high, indicating strengthening momentum.
Adding further conviction, the weekly MACD has generated a bullish crossover just above the zero line—a positive sign for sustained upside. With these technical indicators aligning, the outlook remains constructive. Traders may consider entering long positions in the Rs 604–595 zone.
Strategy: Buy
Target: Rs 670
Stop-Loss: Rs 560
Apollo Tyres | CMP: Rs 480
Apollo Tyres is showing constructive technical signals, indicating scope for further upside. On the daily chart, the stock is holding firm above the 100- and 200-day exponential moving averages (DEMA), reflecting strong support at lower levels. On the weekly scale, a crucial trendline breakout has strengthened the bullish view.
The recent pullback came on thin volumes, suggesting waning selling pressure, while a reversal from the Rs 430 zone reaffirmed support. Adding to the optimism, the weekly MACD has given a bullish crossover near the zero line, signalling improving momentum in favour of buyers. Traders may consider entering long positions in the Rs 483–473 zone.
Strategy: Buy
Target: Rs 525
Stop-Loss: Rs 455
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
JSW Steel | CMP: Rs 1,101.4
JSW Steel Futures has provided a breakout from a sideways consolidation with an increase in open interest, clearly indicating long build-up. The stock has the highest Call open interest (OI) at the Rs 1,100 strike and it has just closed above it, which is a positive sign in the near term.
It is also trading well above the maximum pain level, and has witnessed significant Call unwinding at the lower level, which is also positive going forward. The 20-day VWAP (volume-weighted average price) is Rs 1,067, and it is trading well above it, which is also short-term positive for the stock. Buy JSW Steel Futures in the range of Rs 1,100–1,110.
Strategy: Buy
Target: Rs 1,200, Rs 1,250
Stop-Loss: Rs 1,060
Lupin | CMP: Rs 1,947.2
Lupin had witnessed short build-up in the recent leg down, and now, with the short-term momentum reversing, it is witnessing some short covering. There is huge Call writing at the Rs 2,000 strike, which, when taken off, will lead to further short covering. On the lower side, there has been Put writing at the Rs 1,900 strike; hence, the stop-loss on the long positions should be below those levels only. The stock has just closed above its maximum pain as well as VWAP levels. Buy Lupin Futures in the range of Rs 1,950–1,960.
Strategy: Buy
Target: Rs 2,030, Rs 2,060
Stop-Loss: Rs 1,900
Tech Mahindra | CMP: Rs 1,460.7
The Nifty IT index has witnessed selling pressure at the higher levels and most of the stocks have witnessed short build-up, so the overall short-term trend remains negative. Tech Mahindra has also witnessed short build-up and it has slipped below its 20-day VWAP, which is now above Rs 1,500 levels. It had a huge Put base at the Rs 1,480 strike, and now it has closed below it, which is a concern in the near term. It has also closed below its maximum pain level of Rs 1,500; hence, until it closes above Rs 1,510 levels, the overall trend will be negative. Sell Tech Mahindra in the range of Rs 1,465–1,470.
Strategy: Sell
Target: Rs 1,400, Rs 1,370
Stop-Loss: Rs 1,510
Vidnyan S Sawant, Head of Research at GEPL Capital
Hyundai Motor India | CMP: Rs 2,557.4
Hyundai Motor has entered a strong bullish phase following its breakout in June 2025 from the consolidation that had been in place since its listing. Post-breakout, the stock has been consistently forming higher tops and bottoms, reflecting sustained accumulation and strong buying interest. Technically, it is trading firmly above its 26- and 50-day EMAs, reinforcing the strength of the ongoing uptrend. The RSI at 65 further confirms positive momentum, suggesting the trend remains healthy with room for continuation.
Strategy: Buy
Target: Rs 2,808
Stop-Loss: Rs 2,450
Ashok Leyland | CMP: Rs 137.29
On the monthly scale, Ashok Leyland is forming higher tops and bottoms, with a faster retracement where a 7-month decline was recovered in just 5 months, reflecting robust price action and strong bullishness. On the weekly scale, the stock trades above the last three weeks’ high and is firmly positioned above its 12- and 26-week EMAs, confirming trend strength. The rising MACD in positive territory further indicates sustained bullish momentum.
Strategy: Buy
Target: Rs 148
Stop-Loss: Rs 131
TVS Motor Company | CMP: Rs 3,591.3
On the monthly scale, TVS Motor is trending higher and trading at life-high levels despite broader market volatility, reflecting strong relative strength. On the weekly scale, volume activity has surged alongside bullish price action, with the stock sustaining well above its 12- and 26-week EMAs. The MACD breaking past its prior September 2024 swing high further confirms robust bullish momentum.
Strategy: Buy
Target: Rs 3,979
Stop-Loss: Rs 3,424
Aditya Birla Capital | CMP: Rs 288.9
On the monthly scale, Aditya Birla Capital witnessed a major breakout in June 2025 from its long IPO base formed since 2017, and the current month is sustaining well above the last three months’ close, reflecting robust price development. On the weekly scale, the stock retested the breakout level in August 2025 and has since continued its bullish price action, with short-, mid-, and long-term averages all trending upward, denoting positive strength. On the daily scale, the stock has been forming higher bottoms and recently broke out of an eight-day consolidation range, adding conviction to the bullish outlook.
Strategy: Buy
Target: Rs 336
Stop-Loss: Rs 275
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com 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!
