Trade Spotlight: How should you trade Adani Energy Solutions, AIA Engineering, NALCO, Infosys, Zydus Lifesciences, APL Apollo Tubes and others on June 2?

About this update from Aia Engineering Limited

The benchmark indices came under selling pressure for the fourth consecutive session, falling 0.7 percent on June 1 amid weakness in market breadth. Bears dominated approximately 2,091 shares, while only 924 shares were supported by bulls. Selling pressure could intensify if the market decisively breaks the low recorded in May. Below are some short-term trading ideas to consider:Jigar S Patel, Senior Manager - Equity Research at Anand RathiJSW Energy | CMP: Rs 583.45JSW Energy has recently delivered a breakout on the weekly chart, signalling a positive shift in trend and momentum. Supporting this bullish setup, key momentum indicators such as the RSI, MACD, and DMI are all showing strength, indicating that buying interest remains intact.The breakout is backed by an improving technical structure, which enhances the probability of further upside in the coming weeks. Traders may consider entering long positions in the Rs 585-575 zone, with a target of Rs 680.Strategy: BuyTarget: Rs 680Stop-Loss: Rs 540Adani Energy Solutions | CMP: Rs 1,496.5A breakout above the previous swing high, as depicted in the chart, indicates a continuation of the bullish trend and strengthening price momentum. Adding to the positive outlook, key momentum indicators such as the RSI, MACD, and DMI have all turned bullish, suggesting sustained buying interest and the potential for further upside.The overall technical structure of Adani Energy Solutions remains strong, making any near-term correction a potential buying opportunity. Traders may consider entering long positions in the Rs 1,500-1,450 zone, with a target of Rs 1,650.Strategy: BuyTarget: Rs 1,650Stop-Loss: Rs 1,375AIA Engineering | CMP: Rs 4,522.7A breakout above the falling trendline, accompanied by a surge in volumes, signals a potential shift in momentum and strengthening bullish sentiment in AIA Engineering. The stock is further supported by positive readings from key indicators such as the RSI, MACD, DMI, and AIGEN-G, all of which continue to point toward sustained buying interest.The overall technical structure remains constructive, suggesting that any dip could provide a favourable entry opportunity. Traders may consider entering long positions in the Rs 4,500-4,400 zone, with a target of Rs 5,000.Strategy: BuyTarget: Rs 5,000Stop-Loss: Rs 4,000Vidnyan S Sawant, Head of Research at GEPL CapitalNational Aluminium Compa...

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