Equity benchmarks rallied over 1 percent on April 6, extending the uptrend for the third consecutive session. Market breadth remained positive, with about 2,375 shares advancing against 626 declining on the National Stock Exchange. The market is expected to remain range-bound, with focus on developments related to the US–Iran ceasefire. Below are some short-term trading ideas to consider:

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

DLF | CMP: Rs 529.2

DLF has provided a breakout from a falling wedge pattern, along with a decrease in open interest in the futures segment, indicating short covering. It has also managed to close above the Rs 520 level, which had the highest Call base, and above this level, further short covering is expected.

The maximum pain is also at Rs 520, and the stock has managed to close above the same, which is another positive sign in the near term. Buy DLF Futures in the range of Rs 525–535.

Strategy: Buy

Target: Rs 555, Rs 570

Stop-Loss: Rs 512

CDSL | CMP: Rs 1,205.3

Central Depository Services has formed a strong bottoming pattern, a relatively rare structure known as an expanding ending pattern, along with a decrease in open interest, indicating short covering.

As per options data, the Rs 1,200 strike has the highest Call base, and the stock has managed to close above this level, which is another positive sign. The maximum pain is also at Rs 1,200; therefore, a sharp upmove on the back of short covering cannot be ruled out. Buy CDSL Futures in the range of Rs 1,200–1,210.

Strategy: Buy

Target: Rs 1,275, Rs 1,330

Stop-Loss: Rs 1,150

KPIT Technologies | CMP: Rs 695

KPIT Technologies has formed multiple swing supports and has managed to close above its previous swing high. However, it is yet to close above the Rs 700 level, which has the highest Call base; above that, sharp short covering is likely.

In the April series, there have been signs of short covering in the futures segment, and once the Rs 700 level is taken out, further upward momentum cannot be ruled out. The maximum pain is also at Rs 700; hence, this is a decisive level to watch. Buy KPIT Technologies Futures in the range of Rs 695–700.

Strategy: Buy

Target: Rs 735, Rs 750

Stop-Loss: Rs 679

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

Birlasoft | CMP: Rs 364.75

Since April 2025, Birlasoft has been forming a meaningful base, shaping a clear triple-bottom pattern on the weekly timeframe. This accumulation structure, combined with a three-point bullish RSI divergence, highlights strong underlying buying interest and reinforces the view that the Rs 325–335 zone is acting as a solid long-term support area.

A bullish engulfing candle near the S1 floor pivot further strengthens the setup. With the stock now trading around Rs 370, the overall technical structure points to a favourable risk-reward opportunity for medium-term investors. Traders may consider entering long positions in the Rs 355–365 zone.

Strategy: Buy

Target: Rs 470

Stop-Loss: Rs 315

Natco Pharma | CMP: Rs 1,028.55

Natco Pharma has recently rebounded from its previous breakout zone, reinforcing the strength of its ongoing uptrend. The Williams Alligator indicator shows all three lines aligned and running parallel, signalling an established and sustainable trend.

Momentum indicators further support the bullish outlook: the MACD has triggered a bullish crossover above the zero line, the RSI is holding firmly above 60, and the DMI setup remains positive, all indicating strong underlying buying pressure. Traders may consider entering long positions in the Rs 1,000–1,030 zone.

Strategy: Buy

Target: Rs 1,125

Stop-Loss: Rs 950

Gujarat Ambuja Exports | CMP: Rs 146.53

In December 2025, Gujarat Ambuja Exports delivered a decisive breakout above its 50-week EMA after an extended consolidation phase, signalling a clear shift toward bullish sentiment. Following the breakout, the stock has seen a healthy retracement and is currently trading above the Williams Alligator on the weekly timeframe, reinforcing the prevailing trend.

The pullback remains constructive, as the RSI has eased in line with price action and stabilised near neutral levels—an indication that momentum is cooling without weakening. This alignment between price and indicators suggests the broader uptrend remains intact. Traders may consider entering long positions in the Rs 140–146 zone.

Strategy: Buy

Target: Rs 164

Stop-Loss: Rs 130

Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan

Avanti Feeds | CMP: Rs 1,238.8

Avanti Feeds has been an outperformer and has held above key daily averages despite the broader market correction, indicating strength. On Monday, the stock broke out of a consolidation phase and retested the breakout point. The daily momentum indicator is in bullish mode.

Strategy: Buy

Target: Rs 1,358, Rs 1,430

Stop-Loss: Rs 1,170

Indian Energy Exchange | CMP: Rs 126.16

Indian Energy Exchange has formed a small double-bottom pattern and has broken out of a falling channel, indicating a reversal from the current bearish trend. Additionally, the stock has crossed key daily moving averages, and the daily momentum indicator is in bullish mode, favouring the bulls. Buy on dips between Rs 124–125.

Strategy: Buy

Target: Rs 131, Rs 138.50

Stop-Loss: Rs 118

Samvardhana Motherson International | CMP: Rs 108.26

Samvardhana Motherson International has formed a falling wedge pattern on the daily chart. The breakout point from the pattern is around the Rs 110 level, but positive divergence in the daily momentum indicator is hinting at a potential breakout.

The stock has major support around Rs 101–106 from a medium-term perspective. A recent reversal from this zone indicates that the correction may be over, and a retracement of the decline is likely in the coming sessions.

Strategy: Buy

Target: Rs 115, Rs 120

Stop-Loss: Rs 102.80

Vidnyan S Sawant, Head of Research at GEPL Capital

Aurobindo Pharma | CMP: Rs 1,340.4

On the weekly timeframe, Aurobindo Pharma is forming a strong base near the 2021 polarity zone, aligned with the 50 percent Fibonacci retracement, reinforcing key support. The stock remains firmly above its 12-, 26-, and 50-week EMAs and has recently broken out of a 13-month consolidation range with a strong close in the March series, indicating trend strength.

Additionally, the RSC indicator has broken out of a multi-year declining trendline and is trending above average, signalling continued relative outperformance.

Strategy: Buy

Target: Rs 1,435

Stop-Loss: Rs 1,285

NLC India | CMP: Rs 275

NLC India has maintained a strong uptrend since 2020, consistently forming higher bottoms and showcasing a robust structure. Over the past 1.5 years, the stock has undergone healthy consolidation and formed a cup-and-handle pattern on the weekly scale, now nearing a breakout, indicating potential trend continuation.

The stock remains well supported above its 12-, 26-, and 50-week EMAs, reflecting resilience despite broader market volatility. Moreover, the RSC indicator has broken above a multi-year declining trendline from the 2009 swing high, with the ratio line trending above average, signalling strong relative outperformance.

Strategy: Buy

Target: Rs 300

Stop-Loss: Rs 264

Great Eastern Shipping Company | CMP: Rs 1,463

Great Eastern Shipping has exhibited strong structural development since 2020, maintaining a sustained long-term uptrend backed by robust price action. In the current phase, the stock has been outperforming the broader market since April 2025, forming a saucer-shaped base and holding firmly above its 12- and 20-week EMAs, indicating solid trend strength.

On the daily timeframe, it continues to form higher highs and higher lows while taking support near the 26-day EMA, reflecting a bullish mean reversion setup. Additionally, the RSC indicator has broken above its multi-year swing high of 2008 and is trending strong, signalling continued relative outperformance.

Strategy: Buy

Target: Rs 1,638

Stop-Loss: Rs 1,404

Ather Energy | CMP: Rs 784.8

Ather Energy has maintained a steady uptrend since its listing, reflecting a strong price structure and sustained buying interest. Recently, the stock delivered a breakout from a 21-week consolidation with a strong bullish candle, followed by a confirmation week that closed above the breakout level and formed a long lower wick, indicating buying support and positive sentiment.

The stock continues to trade above its key 12- and 20-week EMAs, reinforcing trend strength and stability. Additionally, the RSC indicator remains above its average, signalling strong relative strength and suggesting continued outperformance despite broader market weakness.

Strategy: Buy

Target: Rs 871

Stop-Loss: Rs 753