The benchmark indices gained 0.39 percent on September 9, continuing their upward journey for the fifth consecutive session, but the market breadth was slightly negative. About 1,424 shares declined, against 1,350 rising shares on the NSE. The market is expected to consolidate before entering a fresh leg of upmove. Below are some short-term trading ideas to consider:
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Kansai Nerolac Paints | CMP: Rs 248.67
In the previous session, Kansai Nerolac Paints gave a breakout of the downward sloping channel. Also, since August 25, prices have protected the prior day’s low on a closing basis, suggesting strength in the ongoing trend. Additionally, prices have broken above the upper Bollinger Bands, suggesting a continuation of positive momentum in the coming sessions.
Along with this, the KST (Know Sure Thing) indicator has already turned above the signal line and is now about to cross the zero line, suggesting that further good momentum is likely to build up. The stock is now trading at an important resistance area near Rs 252; a decisive breakout above this level is required for bullish momentum to continue. A break above Rs 252 could push prices higher towards Rs 264, followed by Rs 275.
Strategy: Buy
Target: Rs 264, Rs 275
Stop-Loss: Rs 240
KEC International | CMP: Rs 879.15
At the start of September, KEC International found support on the upward sloping trendline, and we saw a sharp reversal of nearly 10% to the upside. The stock has been consistently outperforming its peers over the past week.
In the previous session, prices finally closed above the prior day’s high after four days of consolidation, which is a positive sign. On the daily chart, the 15-day EMA has just crossed the 30 EMA, which is considered a bullish crossover, indicating that the short-term bias has turned positive. With follow-up buying, a move toward the previous important resistance near Rs 950 is expected. For now, a break above Rs 890 could start a fresh upside move toward Rs 950.
Strategy: Buy
Target: Rs 950
Stop-Loss: Rs 850
JSW Infrastructure | CMP: Rs 313
In the previous session, JSW Infrastructure was up nearly 4%, supported by a surge in volumes, the highest since July 2025. On the daily chart, not a single candle has closed below the prior day’s low for the past two trading sessions, which is a positive sign.
The stock is trading in a rectangular range of Rs 294–315 since July 2025, indicating accumulation. If prices manage to break above Rs 315, it could result in a bullish breakout from the pattern. Additionally, the MACD has just shown a bullish crossover, and follow-up buying is now required to confirm the same. A break Rs 315 could lead to a trending move toward Rs 332, followed by Rs 350.
Strategy: Buy
Target: Rs 332, Rs 350
Stop-Loss: Rs 298
Nandish Shah, Senior Technical and Derivative Analyst at HDFC Securities
NLC India | CMP: Rs 239
The short-term trend of NLC India remains positive as it is placed above its 5-, 11-, and 20-day EMAs. The primary trend turned positive as the stock price closed above its 200-day EMA. Accumulation has been seen in the stock over the past few months as volumes on up days have been higher than on down days. Momentum indicators and oscillators are showing strength in the current uptrend.
Strategy: Buy
Target: Rs 251, Rs 260
Stop-Loss: Rs 228
Azad Engineering | CMP: Rs 1,650
Azad Engineering’s price has broken out on the daily chart from a downward sloping trendline connecting the highs of June 2 and September 4. The stock has been forming a bullish higher top–higher bottom pattern on the daily charts. Momentum indicators and oscillators, like RSI and MFI, are in rising mode and are placed above 60, suggesting strength in the current bullish trend.
Strategy: Buy
Target: Rs 1,740, Rs 1,800
Stop-Loss: Rs 1,570
RITES | CMP: Rs 270
The primary trend turned positive as RITES closed above its 200-day EMA. The stock has broken out on the daily chart from a downward sloping trendline connecting the highs of June 5 and July 2. The price rise is accompanied by a rise in volumes, suggesting strength in the uptrend. Momentum indicators and oscillators, like RSI and MFI, are in rising mode and placed above 60 on the daily chart.
Strategy: Buy
Target: Rs 286, Rs 295
Stop-Loss: Rs 256
Amol Athawale, VP Technical Research at Kotak Securities
Mphasis | CMP: Rs 2,853.3
After a sharp uptrend rally, Mphasis witnessed a bit of selling pressure, but eventually, the downward momentum paused, and the stock has found support. On the weekly charts, the stock has formed a cup-and-handle type formation, and a fresh breakout from the resistance zone is very likely in the coming trading sessions.
As long as the stock is trading above Rs 2,760, the bullish texture is likely to continue. Above this level, the stock could move up to Rs 3,050.
Strategy: Buy
Target: Rs 3,050
Stop-Loss: Rs 2,760
SBI Cards and Payment Services | CMP: Rs 819.35
On the daily scale, after a correction from higher levels, SBI Card was trading in a range-bound mode. However, it has now given a range breakout along with good volumes. Additionally, the RSI is indicating further uptrend from current levels, which could boost bullish sentiment.
Therefore, the closing above the resistance line indicates that further bullish momentum is likely to continue in the near term. For positional traders, Rs 790 would be the decisive level. Trading above this level, the uptrend formation will likely continue up to Rs 880. However, if it closes below Rs 790, traders may prefer to exit long positions.
Strategy: Buy
Target: Rs 880
Stop-Loss: Rs 790
Reliance Industries | CMP: Rs 1,376.2
Reliance Industries is in an accumulation zone, trading in a range-bound manner on the daily scale. However, recent bullish activity near the breakout zone of the range is indicating good strength.
The stock is expected to break out and witness a fresh upmove from current levels, with a favourable risk–reward perspective. Over the next few trading sessions, Rs 1,340 could be the trend-decider level for bulls. If it sustains above Rs 1,340, we can expect a further uptrend toward Rs 1,470.
Strategy: Buy
Target: Rs 1,470
Stop-Loss: Rs 1,340
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.
Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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.
