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Trade Spotlight: How should you trade IFCI, Swiggy, UltraTech Cement, ABB, Avanti Feeds, BSE, and others on February 10?
Trade Spotlight: How should you trade IFCI, Swiggy, UltraTech Cement, ABB, Avanti Feeds, BSE, and others on February 10?
About this update from Ifci Limited
The benchmark indices started the week on a strong note, with the Nifty 50 rising 0.68 percent on February 9 amid healthy market breadth. A total of 2,324 shares witnessed buying interest compared to 612 declining shares on the NSE. The bullish momentum is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider:Jigar S Patel, Senior Manager - Equity Research at Anand RathiIFCI | CMP: Rs 64.61IFCI is showing encouraging signs on the technical charts. The stock has moved above the Williams Alligator indicator, and importantly, the three lines — Jaw, Teeth, and Lips — are running parallel, which generally indicates the emergence of a sustainable trending move after consolidation.Momentum indicators are also supporting the bullish view. The MACD has crossed above the zero line, highlighting a shift toward positive momentum, while the DMI has turned positive, suggesting strengthening buying pressure and improving trend strength. Traders may consider entering long positions in the Rs 64–61 zone, with a target of Rs 77.Strategy: BuyTarget: Rs 77Stop-Loss: Rs 54Swiggy | CMP: Rs 333.7Since December 2025, Swiggy had been forming lower lows and lower highs. However, in the most recent session, the structure has changed, with the stock starting to form higher highs and higher lows. Interestingly, it has closed above the weekly resistance pivot, as depicted in the chart.The hourly RSI has been maintained above 50, which hints at a positive bias in the coming sessions. Traders may consider entering long positions in the Rs 335–330 zone, with a target of Rs 360.Strategy: BuyTarget: Rs 360Stop-Loss: Rs 315Fortis Healthcare | CMP: Rs 891.3Fortis Healthcare had been consistently taking support near its 200-day DEMA over the last three to four sessions, resulting in a narrow consolidation range of approximately Rs 844–870. This phase indicated accumulation near a strong dynamic support zone.In the latest session, the stock delivered a decisive breakout above the range and closed near Rs 891, signaling renewed buying interest. Additionally, a bullish divergence on the daily chart further strengthens the positive outlook, suggesting improving momentum. The overall technical setup indicates the potential for continued upside in the coming sessions, provided the stock sustains above the breakout zone. Traders may consider entering long...