Equity benchmarks witnessed profit booking on June 30 after a four-day winning streak, with the Nifty 50 falling by half a percent. Market breadth continued to favour the bulls, with 1,567 shares advancing compared to 1,106 that were under pressure on the NSE. The market is expected to consolidate further, although the overall trend remains positive. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Voltas | CMP: Rs 1,314.1
Voltas has recently broken out of a month-long consolidation phase, supported by a noticeable increase in volume—indicating strong accumulation interest. This development is technically significant due to the Inside Value relationship formed during the consolidation, as the price action remained confined within the R3–S3 zone of the monthly Camarilla pivots. This structure—where the current month's pivots lie within the previous month's range—often precedes a powerful directional breakout.
Strengthening the bullish outlook, the daily RSI has consistently remained above the 50 level and is currently positioned at 57, reflecting a build-up in momentum. Traders may consider entering long positions in the Rs 1,315-1,280 zone.
Strategy: Buy
Target: Rs 1,540
Stop-Loss: Rs 1,175
Varun Beverages | CMP: Rs 457.55
Varun Beverages has recently formed a Tweezer Bottom near the Rs 446–447 zone, which aligns with the S1 monthly floor pivot—indicating strong support at lower levels. Additionally, the RSI on the daily chart is showing an impulsive V-shaped recovery from the oversold region near the 30 mark, suggesting a potential shift in momentum. Traders may consider entering long positions in the Rs 458-453 zone.
Strategy: Buy
Target: Rs 510
Stop-Loss: Rs 430
Hindustan Unilever | CMP: Rs 2,294.6
Hindustan Unilever has established a strong base around the Rs 2,250–2,300 zone, coinciding with the S1 floor pivot and a previous breakout zone—both acting as key technical supports. On the daily RSI chart, a complex W-shaped structure has emerged near the 40 mark, often indicative of a potential trend reversal and strengthening momentum. Traders may consider entering long positions in the Rs 2,300-2,285 zone.
Strategy: Buy
Target: Rs 2,470
Stop-Loss: Rs 2,200
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
SRF | CMP: Rs 3,242.1
SRF Futures has been trending higher, with overall sector sentiment looking positive. There have been long additions along with upward price momentum, suggesting a continuation of the short-term uptrend. Call unwinding has been observed from the Rs 3,100 to Rs 3,200 strikes, and the stock has surpassed its maximum pain level of Rs 3,150. It is also trading well above its 20-day VWAP (Volume Weighted Average Price), increasing the probability of further upside. Buy SRF Futures in the range of Rs 3,260 to Rs 3,240.
Strategy: Buy
Target: Rs 3,350, Rs 3,400
Stop-Loss: Rs 3,150
Page Industries | CMP: Rs 49,410
Page Industries is forming higher highs, and open interest has reversed from low levels—indicating a buildup of long positions. A breakout above multiple swing resistances enhances the upside potential. Additionally, there have been Put additions at the Rs 45,000 and Rs 48,000 strikes and Call unwinding between Rs 48,000 and Rs 49,000, suggesting bullish sentiment. The stock is comfortably trading above both its 20-day VWAP and its maximum pain level. Buy Page Industries Futures in the range of Rs 48,900 to Rs 49,000.
Strategy: Buy
Target: Rs 52,000, Rs 54,000
Stop-Loss: Rs 47,000
Apollo Hospitals Enterprises | CMP: Rs 7,242
Apollo Hospitals has broken out from a sideways consolidation, accompanied by short covering in the futures segment. Despite Call additions at the Rs 7,300 and Rs 7,500 strikes, the stock remains well above its 20-day VWAP and its maximum pain level—providing support at lower levels and increasing the likelihood of further upside. Buy Apollo Hospitals Futures in the range of Rs 7,250 to Rs 7,300.
Strategy: Buy
Target: Rs 7,500, Rs 7,650
Stop-Loss: Rs 7,050
Vidnyan S Sawant, Head of Research at GEPL Capital
Engineers India | CMP: Rs 240.81
Engineers India is showing strong bullish momentum and a solid price structure across timeframes. On the monthly chart, a bullish polarity shift has occurred, with former resistance from 2010 and 2017 now acting as firm support. This has driven a consistent pattern of higher highs and higher lows. The weekly chart reflects renewed momentum, with the stock trading above its 20- and 50-week EMAs, while a rising MACD line confirms accelerating bullish strength.
Strategy: Buy
Target: Rs 280
Stop-Loss: Rs 225
Cholamandalam Financial Holdings | CMP: Rs 2,166
Cholamandalam Financial is exhibiting a strong long-term uptrend, with a breakout from a base pattern on the monthly chart—indicating a positive shift in sentiment. The stock remains firmly above its 12-month EMA, reinforcing the underlying bullish trend. On the weekly chart, it continues to sustain above the key 12-week and 26-week EMAs, while a rising MACD signals strengthening momentum, supporting a continued constructive outlook.
Strategy: Buy
Target: Rs 2,496
Stop-Loss: Rs 2,050
Lloyds Metals and Energy | CMP: Rs 1,588.9
Lloyds Metals and Energy displays a strong price structure across timeframes, reinforcing a sustained long-term uptrend. On the monthly chart, the stock continues to form higher highs and higher lows and has recently broken above its January 2025 swing high—signaling a likely continuation of the bullish move. It remains well-supported above its 12-, 26-, 50-, and 100-week EMAs, while a rising MACD validates the positive outlook.
Strategy: Buy
Target: Rs 1,806
Stop-Loss: Rs 1,504
Eicher Motors | CMP: Rs 5,656.5
Eicher Motors continues to showcase strong relative strength on higher timeframes despite market volatility, supported by a consistent formation of higher highs and higher lows—indicative of a bullish structural shift. On the weekly chart, the stock is holding well above its 12-week and 26-week EMAs, highlighting trend resilience. The MACD remains in positive territory, signaling sustained bullish momentum.
Strategy: Buy
Target: Rs 6,317
Stop-Loss: Rs 5,414
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.
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