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 range-bound trading with a positive bias 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

Aditya Thukral, Founder & Analyst of AT Research & Risk Managers

Apollo Hospitals Enterprise | CMP: Rs 7,419

Apollo Hospitals broke out of the falling trendline a few days ago and is now retracing towards the support offered by the same trendline. The stock is sustaining above the 200-day EMA even in a bearish market and exhibited a morning star–type structure a few days back.

Alongside, it has broken the price structure of lower highs and lower lows, suggesting it could be a probable reversal candidate. Also, the previous resistance area is now acting as a support zone, following the principle of polarity. The 14-day RSI reading near 47 offers comfort to buyers entering fresh long positions.

The stock can be bought at current prices, as it is now taking support around the previous resistance zone.

Strategy: Buy

Target: Rs 7,720

Stop-Loss: Rs 7,250

Ipca Laboratories | CMP: Rs 1,601.2

Ipca Laboratories broke out of a box pattern with an expansion in volumes. The price structure of higher highs and higher lows marks an uptrend in the stock. Prices are consistently trading above all major exponential moving averages—20-day, 50-day, and 100-day—with all EMAs sloping upwards, which establishes a strong uptrend. The 14-day RSI reading of around 67 suggests there is still room for further extension of the rally.

The stock can be bought at current prices, as it is trading close to its breakout levels.

Strategy: Buy

Target: Rs 1,800

Stop-Loss: Rs 1,500

Marico | CMP: Rs 735.95

Marico is trading close to the 200-day EMA and near a rising trendline. It has broken the downtrend structure of lower highs and lower lows and is eyeing a possible reversal if the recent lows hold. The stock appears to be completing the corrective leg of the fall from the high of Rs 813.50. Additionally, it is currently trading near the previous demand zone.

Despite the decline, the 14-day RSI did not enter oversold territory, which is generally the case in bull markets, and the fall has terminated above the previous swing low.

Fresh buying can be initiated at current levels, as the stock is holding above the 200-day EMA.

Strategy: Buy

Target: Rs 760

Stop-Loss: Rs 723

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