The benchmark indices closed moderately higher amid volatility during the Muhurat trading session on October 21, while the market breadth was strongly supported by bulls. About 2,187 shares saw buying interest, compared to 578 shares that were under pressure on the NSE. Market sentiment may remain strong, even after the stellar run since the start of the current month. Below are some short-term trading ideas to consider:
Rupak De, Senior Technical Analyst at LKP Securities
Bank of India | CMP: Rs 130.26
Bank of India has given a consolidation breakout on the daily chart, indicating rising optimism among investors. Additionally, it has moved above its historical rejection level, placing it in the bullish zone. Any dip, though less likely, should be considered a buying opportunity. A positional bullish view can be maintained based on the current technical setup, with a price potential of Rs 143.
Strategy: Buy
Target: Rs 143
Stop-Loss: Rs 124
Swiggy | CMP: Rs 432.1
Swiggy has moved higher after finding support at the rising trendline. It has reclaimed the 21 EMA on the daily timeframe, indicating a resumption of the uptrend. The daily momentum indicator, RSI, is in a bullish crossover and trending upward. In the short term, the stock may move towards Rs 460.
Strategy: Buy
Target: Rs 460
Stop-Loss: Rs 417
Shipping Corporation of India | CMP: Rs 231.64
Shipping Corporation has been in an uptrend and appears to be preparing for a significant short-term rally, as indicated by the rising bottoms. Additionally, the price has been consistently sustaining above the 21 EMA, keeping the overall bullish outlook intact. The RSI is in a bullish crossover and is about to enter a strong momentum zone. A long position can be considered with a stop-loss at Rs 223 and an upside target of Rs 248.
Strategy: Buy
Target: Rs 248
Stop-Loss: Rs 223
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Voltas | CMP: Rs 1,455.8
On the daily chart, Voltas has been experiencing an up move since almost the start of October 2025 with a higher highs and higher lows formation, which is a sign of strength. Along with this, prices have just given a breakout above the upper end of the Bollinger Bands, which is a positive sign.
Also, despite the sharp up move, RSI is trading at a comfortable level of 65, leaving space for prices to trend further. So, for now, a break above the Rs 1,470 level can lead to a trending move towards Rs 1,540 followed by Rs 1,600 levels. On the downside, Rs 1,400 is the nearest support level.
Sammaan Capital | CMP: Rs 175.12
In the previous week, after a minor consolidation, Samman Capital took support near the convergence line (blue) of the Ichimoku Cloud and showed a sharp reversal of more than 8 percent from it. Recently, prices broke above their previous swing high of the Rs 170 level and managed to extend gains, which keeps the overall daily bias on the side of the bulls.
However, post the sharp rally, most indicators are near the overbought zone, so buying on dips looks like a prudent strategy, with an upside target of Rs 180 followed by Rs 184, with Rs 167 as the crucial support as per the convergence line (blue) of the Ichimoku Cloud.
Strategy: Buy
Target: Rs 180, Rs 184
Stop-Loss: Rs 167
SBFC Finance | CMP: Rs 115.8
On the daily chart, SBFC Finance was trading in a rectangular range of Rs 104 to Rs 114 for almost two months, which indicates accumulation. In the previous session, the stock finally gave a breakout of the said range and was up by more than 4 percent on Tuesday with a surge in volumes, showing that bulls are gaining control of the stock.
Also, MACD has recently witnessed a bullish momentum with consistent green histograms, which acts as a double confirmation for our stance. So, for now, use dips towards the Rs 114 level as a buying opportunity with a target of Rs 119 followed by Rs 123, with Rs 110 as the crucial support.
Strategy: Buy
Target: Rs 119, Rs 123
Stop-Loss: Rs 110
Arun Kumar Mantri, Founder of Mantri FinMart
BEML | CMP: Rs 4,395.9
BEML has been in positive momentum in line with the overall defence theme for the past few sessions and is looking strong above the short-term support zones on the lower side. The stock is currently trading above the major EMAs of 21, 50, 100, and 200-day on daily charts.
The Parabolic SAR is trading below its price action on the weekly charts, reflecting that the uptrend in the stock will likely remain intact in the medium term. The overall sentiment and price action seem bullish, and any minor correction will be a good opportunity to add to the counter.
Strategy: Buy
Target: Rs 4,684, Rs 4,700
Stop-Loss: Rs 4,325
Central Bank of India | CMP: Rs 39.1
Central Bank of India has given a breakout from the short-term consolidation zone and is rolling on the upper band of the Bollinger Bands (20,2) on daily charts. The overall trend of the counter seems to be extremely bullish, with the next target for the stock price around Rs 45 and it may comfortably surpass previous near-term peaks.
On the other hand, the support for the stock is around Rs 36–37, which are the current swing lows. Short-term traders may go long in the stock, keeping a stop-loss below Rs 37.5 for a target of Rs 45+ in the near term.
Strategy: Buy
Target: Rs 45
Stop-Loss: Rs 36.5
Biocon | CMP: Rs 366.1
Biocon is on the verge of breaking out from short-term consolidation zones and has been showing good price and volume action recently. Among the leading indicators, Parabolic SAR and Heiken Ashi candlesticks indicate a positive trend on both daily and weekly charts.
The MACD indicator has also managed to cross above the zero level, showing early signs of bullish momentum. On the other hand, the price is also rolling just above the middle band of the Bollinger Bands (20,2), with all the major moving averages showing upward traction.
Strategy: Buy
Target: Rs 383
Stop-Loss: Rs 353
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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