Trade Spotlight: How should you trade NALCO, Avenue Supermarts, Dhampur Sugar, PG Electroplast, Union Bank of India, and others on April 1?

About this update from Dhampur Sugar Mills Limited

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 AdvisorsNational Aluminium Company | CMP: Rs 386.1In 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: BuyTarget: Rs 410, Rs 425Stop-Loss: Rs 377Avenue Supermarts | CMP: Rs 3,956.8Avenue 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: BuyTarget: Rs 4,135, Rs 4,290Stop-Loss: Rs 3,895Dhampur Sugar Mills | CMP: Rs 141.77Sugar stocks are witnessing strong momentum, with Dhampur Sugar Mills gaining nearly 12 percent in March 2026, supp...

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