The benchmark indices gained 1 percent on June 15, marking a strong start to the week, supported by healthy market breadth. Around 2,294 shares witnessed buying interest, compared to 747 declining shares on the NSE. The market is expected to remain range-bound with a positive bias after the strong two-day rally. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
GAIL (India) | CMP: Rs 175.41
An inverse Head & Shoulders breakout is visible on the GAIL chart, indicating a potential trend reversal and strengthening bullish sentiment. The neckline of the pattern coincides with the 200-day SMA, making it a significant breakout zone. Additionally, the Rs 170 level remains a crucial support area as it aligns with a major price structure on the chart.
Momentum indicators continue to support the bullish outlook, with the RSI hovering near 67, reflecting strong buying momentum, while the MACD remains above the zero line, confirming a positive trend. As long as the stock sustains above Rs 170, the bullish bias is likely to remain intact. Traders may consider entering long positions in the Rs 173–176 zone, with a target of Rs 200.
Strategy: Buy
Target: Rs 200
Stop-Loss: Rs 160
Aegis Vopak Terminals | CMP: Rs 231.69
A breakout above the previous swing high, as depicted on the Aegis Vopak Terminals chart, signals a continuation of the prevailing bullish trend and highlights strengthening price momentum. The breakout is further supported by a significant surge in trading volumes, indicating strong buying participation and increased investor interest.
In addition, both the daily and weekly RSI are trading in bullish territory, reinforcing positive momentum across multiple time frames. With price action, volume, and momentum indicators aligned, the overall outlook remains constructive, suggesting the potential for further upside in the near term. Traders may consider entering long positions in the Rs 230–234 zone, with a target of Rs 270.
Strategy: Buy
Target: Rs 270
Stop-Loss: Rs 215
Nippon-India-Silver-ETF | CMP: Rs 238.62
Nippon India Silver ETF (Silver BEES) is currently trading above a flat Ichimoku Cloud support zone, as depicted on the chart, indicating that the broader trend remains positive. The flat cloud also acts as a strong support area and suggests stability in the ongoing price structure.
Momentum indicators are gradually improving, with the daily RSI placed near 49 and the weekly RSI around 52, signalling a strengthening bullish bias across multiple time frames. As long as the price sustains above the cloud support, the outlook remains constructive, with the potential for further upside in the coming sessions. Traders may consider entering long positions in the Rs 235–240 zone, with a target of Rs 265.
Strategy: Buy
Target: Rs 265
Stop-Loss: Rs 225
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
Eicher Motors | CMP: Rs 7,624.5
Eicher Motors has provided a breakout from a sideways consolidation pattern. Alongside this, clear Call unwinding was witnessed at the Rs 7,500 strike, which led to a sharp upmove in the last trading session. As long as the Rs 7,480 level remains intact, the breakout appears valid, and the stock is likely to head towards its lifetime highs.
The maximum pain and modified maximum pain levels are at Rs 7,300 and Rs 7,374, respectively, and these are expected to act as strong support levels. Meanwhile, the next major Call base is at the Rs 8,000 level, making it the ultimate target for this series. Buying Eicher Motors Futures is recommended in the Rs 7,600–7,680 range, with a stop-loss below Rs 7,480.
Strategy: Buy
Target: Rs 7,850, Rs 8,000
Stop-Loss: Rs 7,480
Dalmia Bharat | CMP: Rs 1,719.4
Dalmia Bharat appears to have completed its medium-term downtrend, having reversed from its previous monthly swing low. In addition, short positions in the stock have reached one of their highest levels, indicating that the stock is extremely oversold. With markets recovering sharply and the possibility of easing geopolitical tensions, along with progress on the India-US trade deal, short covering cannot be ruled out.
There have been significant Put additions in the Rs 1,600–1,700 range, along with Call unwinding, indicating support at lower levels. However, the Rs 1,800 strike has a substantial Call base, and once this level is cleared, further short covering is likely. Hence, the target range is Rs 1,780–1,820. The stock has closed above its maximum pain level of Rs 1,700. Buying Dalmia Bharat Futures is recommended in the Rs 1,700–1,720 range, with a stop-loss below Rs 1,655.
Strategy: Buy
Target: Rs 1,790, Rs 1,820
Stop-Loss: Rs 1,655
Larsen & Toubro | CMP: Rs 4,169.8
Larsen & Toubro has provided a breakout from a sideways consolidation pattern, and this upmove has been accompanied by short covering, as some short positions had been built during the previous decline. There is still considerable Call open interest at the Rs 4,000 strike, and despite the recent rally, these positions have not been fully closed. This suggests there is still room for the stock to move higher, with any dips likely to be used as buying opportunities.
The stock is trading well above its maximum pain level of Rs 4,000, as well as its breakout level of Rs 4,100. Therefore, the short-term outlook remains bullish, with a target of Rs 4,300 and above. Buying L&T Futures is recommended in the Rs 4,150–4,180 range, with a stop-loss below Rs 4,030.
Strategy: Buy
Target: Rs 4,300, Rs 4,360
Stop-Loss: Rs 4,030
Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan
Life Insurance Corporation of India | CMP: Rs 405.7
LIC witnessed a sharp impulse rally in April, signalling a bullish trend in the short to medium term. Following this five-wave advance, it entered a corrective phase and is currently consolidating within a broad range of Rs 390–430. The daily momentum indicator generated a bullish crossover in Monday's session, while the formation of a small double-bottom pattern near the Rs 392 level on the daily chart further supports a positive outlook.
Overall, the setup suggests that the corrective phase may be nearing its end, with the stock likely to begin its next leg of upward movement in the coming sessions.
Strategy: Buy
Target: Rs 438, Rs 450
Stop-Loss: Rs 392
Oberoi Realty | CMP: Rs 1,669.4
Oberoi Realty broke above a medium-term resistance trendline and witnessed a five-wave upward move between March and April 2026. Following this impulsive rally, it entered a consolidation phase and retested its trendline breakout level.
A bullish crossover in the daily momentum indicator now suggests that the corrective phase may be coming to an end. The stock is likely to retest its April high of Rs 1,755 and could move significantly higher in the coming weeks.
Strategy: Buy
Target: Rs 1,755, Rs 1,800
Stop-Loss: Rs 1,600
Trent | CMP: Rs 2,901.1
Trent has broken above a medium-term resistance trendline, signalling a reversal of its prior downtrend, with a higher high formed in April 2026. After reaching a peak of Rs 2,999 on April 22, the stock entered a consolidation phase. In Monday's session, it broke out above a short-term resistance line and closed decisively above the 200-day moving average, indicating a revival in buying interest.
Additionally, a bullish crossover in the daily momentum indicator suggests that the short-term consolidation phase has likely concluded, paving the way for the next leg of the uptrend.
Strategy: Buy
Target: Rs 3,050, Rs 3,145
Stop-Loss: Rs 2,780
Vidnyan S Sawant, Head of Research at GEPL Capital
Motilal Oswal Financial Services | CMP: Rs 939.45
Motilal Oswal Financial Services continues to exhibit a strong long-term price structure. On the weekly chart, the stock has decisively broken out of a consolidation range that had been developing over the past six weeks. Notably, this consolidation was supported by the 20-week EMA, highlighting a bullish mean-reversion setup and indicating a potential continuation of the primary uptrend.
Adding to the positive outlook, the MACD remains in positive territory, signalling sustained bullish momentum. The combination of the consolidation breakout and favourable momentum indicators reinforces the constructive technical view and suggests further upside potential in the stock.
Strategy: Buy
Target: Rs 1,065
Stop-Loss: Rs 910
Bharat Forge | CMP: Rs 2,020.5
Bharat Forge has been in a strong long-term uptrend since November 2025, characterised by a consistent pattern of higher highs and higher lows on the weekly chart. The stock continues to trade above its key moving averages, with every corrective phase witnessing bullish mean reversion, reflecting the strength of the underlying trend. A few weeks ago, the stock broke out of a significant consolidation zone and has since sustained comfortably above the breakout level.
This week, it further reinforced its positive price structure and sustained near its lifetime high, highlighting strong buying interest and a bullish undertone. Moreover, the MACD remains in positive territory and continues to trend higher, indicating sustained momentum and supporting the likelihood of a continuation of the prevailing uptrend in the coming weeks.
Strategy: Buy
Target: Rs 2,230
Stop-Loss: Rs 1,950
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.