The benchmark indices fell over 2 percent for yet another session on March 30 as the Middle East crisis deepened. Market breadth was dominated by bears, with 2,635 shares under pressure compared to 429 advancing shares on the NSE. The market may witness consolidation with range-bound trading after the severe bloodbath of the last two days. Below are some short-term trading ideas to consider:
Ashish Kyal, Founder and CEO of Waves Strategy Advisors
National Aluminium Company | CMP: Rs 386.1
In the previous session, NALCO gained over 4 percent, indicating strong buying momentum. Over the past three trading sessions, the stock has consistently closed above its prior candle’s high, signalling sustained strength. The rally is further supported by global developments, as Iran’s attack on key aluminium facilities—Emirates Global Aluminium and Aluminium Bahrain—has raised concerns over potential supply disruptions. These plants account for nearly 9–10 percent of global aluminium output, which may tighten supply going ahead.
As the stock is directly related to this development, it can be seen reacting positively and heading higher. Technically, the price is forming a triangle pattern on the daily chart. A move above Rs 395 can push prices towards Rs 410, and a breakout beyond this level may extend gains towards Rs 425, with immediate support placed near the Rs 377 level.
Strategy: Buy
Target: Rs 410, Rs 425
Stop-Loss: Rs 377
Avenue Supermarts | CMP: Rs 3,956.8
Avenue Supermarts is showing strong resilience, moving up steadily despite weakness in the broader indices and highlighting clear outperformance. Notably, volumes have surged to their highest levels since January 12, 2026, over the past three consecutive sessions, signalling robust buying interest. Along with that, the MACD has shown a bullish crossover, with a small green histogram forming above the zero line, indicating positive momentum.
The stock is also trading above its 100-day EMA, placed around Rs 3,911, reinforcing the bullish outlook. For now, a sustained move above Rs 4,015 could drive the stock higher towards Rs 4,135, followed by Rs 4,290. On the downside, immediate support is near the Rs 3,895 level.
Strategy: Buy
Target: Rs 4,135, Rs 4,290
Stop-Loss: Rs 3,895
Dhampur Sugar Mills | CMP: Rs 141.77
Sugar stocks are witnessing strong momentum, with Dhampur Sugar Mills gaining nearly 12 percent in March 2026, supported by rising crude oil prices that are boosting ethanol demand.
On the daily chart, the stock had been forming a rounding bottom pattern since March 4, 2026. In the previous session, it surged more than 6 percent and delivered a decisive breakout above the Rs 135 neckline, backed by strong volumes, indicating bullish strength.
Despite the sharp rally, the daily RSI remains stable around 69, suggesting there is still room for further upside. For now, use dips towards Rs 140–140.50 as a buying opportunity, with potential targets of Rs 150 or higher. On the downside, Rs 132 can act as a strong support level.
Strategy: Buy
Target: Rs 150
Stop-Loss: Rs 132
Vidnyan S Sawant, Head of Research at GEPL Capital
Coal India | CMP: Rs 450.45
Coal India, on the monthly timeframe, is forming a saucer pattern around the 26-month EMA, indicating a gradual accumulation phase. On the weekly scale, the stock continues to register higher bottoms, reflecting a sustained uptrend.
Additionally, the MACD remains in the positive zone, signalling strong momentum. This overall setup highlights a bullish outlook, supported by notable relative strength amid ongoing market volatility.
Strategy: Buy
Target: Rs 482
Stop-Loss: Rs 432
Steel Authority of India | CMP: Rs 151.42
Steel Authority of India has been in a strong uptrend since April 2025, consistently forming higher tops and higher bottoms. The stock has shown a recurring pattern of correcting approximately 15 percent before resuming its upward move, and the latest correction appears to be complete, indicating a continuation of the primary trend.
It has also witnessed a positive polarity shift, with the September 2024 resistance now acting as a key support zone. Additionally, relative strength is trending higher and holding above its average line, suggesting sustained outperformance against the broader market.
Strategy: Buy
Target: Rs 167
Stop-Loss: Rs 145
GMDC | CMP: Rs 566.15
Gujarat Mineral Development Corporation is witnessing volatility contraction near its 26-week EMA on the weekly timeframe, indicating a potential buildup for the next move. A decisive breakout above Rs 580 would signal a continuation of the primary uptrend.
Additionally, the RSC indicator is trending higher against the Nifty 50, reflecting strong relative strength and potential outperformance.
Strategy: Buy
Target: Rs 634
Stop-Loss: Rs 543
Dalmia Bharat Sugar and Industries | CMP: Rs 394.35
Dalmia Bharat Sugar and Industries has exhibited robust structural development on the weekly timeframe. The stock has rebounded after forming a double bottom pattern and has broken out of a downward-sloping trendline originating from October 2024. The current week shows follow-through buying, with prices sustaining above the key 20- and 50-week EMAs, reinforcing bullish momentum.
Additionally, the RSC (Relative Strength Comparison) indicator has broken out of a falling wedge pattern formed since 2022, signalling continued outperformance versus the broader market.
Strategy: Buy
Target: Rs 430
Stop-Loss: Rs 378
Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan
PG Electroplast | CMP: Rs 469.9
PG Electroplast saw a five-wave decline from the high of Rs 640 to Rs 479, indicating that the short- to medium-term trend is down. Sideways consolidation in wave B is complete, and the stock has started its next leg of the down move. Additionally, the stock is trading below the daily and weekly averages, confirming the bearish trend. Sell PG Electroplast April futures between Rs 470–475.
Strategy: Sell
Target: Rs 446, Rs 430
Stop-Loss: Rs 495
Union Bank of India | CMP: Rs 164.2
Union Bank of India recently found resistance around the 20-day SMA in the previous week and witnessed selling pressure from there. On the daily chart, a small head-and-shoulders pattern has formed. On Monday, the stock broke below the Rs 168 level, confirming the breakdown from this pattern and indicating further weakness in the coming trading sessions. Sell Union Bank of India April futures between Rs 166.50–168.
Strategy: Sell
Target: Rs 155, Rs 150
Stop-Loss: Rs 176
RBL Bank | CMP: Rs 289.75
RBL Bank has seen a five-wave decline from the high of Rs 339.80, indicating that the short-term trend has turned bearish. The chart structure suggests that the pullback in wave B was completed on March 25 around the key daily averages (20-day SMA and 40-day EMA), and wave C has started. A break below the Rs 287.50 level will further confirm this. Sell RBL Bank April futures between Rs 294–296.
Strategy: Sell
Target: Rs 274, Rs 263
Stop-Loss: Rs 309
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.