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 Rathi

IFCI | CMP: Rs 64.61

IFCI 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: Buy

Target: Rs 77

Stop-Loss: Rs 54

Swiggy | CMP: Rs 333.7

Since 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: Buy

Target: Rs 360

Stop-Loss: Rs 315

Fortis Healthcare | CMP: Rs 891.3

Fortis 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 positions in the Rs 895–880 zone.

Strategy: Buy

Target: Rs 970

Stop-Loss: Rs 840

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

UltraTech Cement | CMP: Rs 13,048

UltraTech Cement has witnessed a long build-up since the last series, and the formation of higher tops and higher bottoms continues, indicating fresh upward momentum. On the downside, the recent lows of Rs 12,600 should now act as immediate support, and as long as these levels are held, the trend is likely to remain positive.

There is the highest Call base at the Rs 13,000 strike, which may act as a short-term hurdle; however, above this level, further upside toward Rs 13,500–13,750 levels is likely. The stock is trading well above its maximum pain level of Rs 12,700, which will act as immediate support. Buy UltraTech Cement futures in the range of Rs 13,000–13,070.

Strategy: Buy

Target: Rs 13,500, Rs 13,750

Stop-Loss: Rs 12,600

Mazagon Dock Shipbuilders | CMP: Rs 2,472.5

Mazagon Dock Shipbuilders has taken a pause in selling pressure and carries a significant short position, which is likely to be covered amid the prevailing positive market sentiment. The overall breadth in the sector has improved, and Mazagon Dock is quite likely to witness short covering based on the positive sentiment.

As per options data, the Rs 2,500 strike has the highest immediate Call base, and beyond that, there is no major hurdle. The stock is still trading below its maximum pain level of Rs 2,480, which is a near-term concern; however, it is likely to surpass this level. Above this and Rs 2,500 levels, short covering is likely to be triggered. In anticipation of the same, one can go long on the stock. Buy Mazagon Dock Shipbuilders in the range of Rs 2,450–2,485.

Strategy: Buy

Target: Rs 2,650, Rs 2,750

Stop-Loss: Rs 2,350

ABB | CMP: Rs 5,815.5

ABB has witnessed sharp short covering and has formed a double-bottom pattern, which is a positive sign for the stock. It has no major hurdle until its previous swing high of Rs 6,250, which serves as the near-term target. The aggressive target stands at Rs 6,250, while short-term targets are Rs 6,000 and Rs 6,120.

On the downside, Rs 5,700 is an immediate support, and as long as this level is not broken, the short-covering move is likely to extend. Options data is also supportive for bulls, as there is no major hurdle until Rs 6,000, which has the highest Call base, while Rs 5,500 appears to be a solid support.

The stock is trading well above its maximum pain of Rs 5,500 as well as its modified maximum pain of Rs 5,707; hence, the stop-loss should be placed below these levels. Buy ABB in the range of Rs 5,800–5,850.

Strategy: Buy

Target: Rs 6,000, Rs 6,120

Stop-Loss: Rs 5,700

Vidnyan S Sawant, Head of Research at GEPL Capital

Avanti Feeds | CMP: Rs 1,103.8

Avanti Feeds witnessed a multi-year breakout above its 2017 swing high in the prior week, accompanied by a strong bullish candlestick, indicating robust buying strength. Since March 2026, the stock has been forming higher tops and higher bottoms, reflecting a classical uptrend.

Volume activity has expanded above the 20-week average, confirming healthy participation. On the daily scale, the stock has retested its 5-day EMA, signaling bullish mean reversion and reinforcing the positive trend.

Strategy: Buy

Target: Rs 1,270

Stop-Loss: Rs 1,040

Indus Towers | CMP: Rs 456.15

Indus Towers has exhibited robust structural development on the weekly scale, marked by a bullish multi-year polarity shift wherein prior resistance levels from 2015 and 2017 have successfully acted as support during January 2025 and August 2025. As a result, the stock has formed a double-bottom pattern at this polarity zone.

In recent weeks, the stock has retested the neckline of the pattern and subsequently resumed its upward trajectory, reinforcing the bullish structure. On the daily scale, the stock remains well positioned above its key 12-day and 26-day DEMA, highlighting sustained trend strength.

Strategy: Buy

Target: Rs 502

Stop-Loss: Rs 437

Chennai Petroleum Corporation | CMP: Rs 921.6

Chennai Petroleum has been forming higher tops and higher bottoms since March 2025, while consistently respecting its rising trendline, indicating a sustained uptrend. Three weeks ago, the stock witnessed a breakout from a falling wedge pattern, after which it has continued to display strong relative strength amid prevailing market volatility.

On the momentum front, the RSI has registered a bullish crossover, signaling a pickup in momentum and reinforcing the positive outlook.

Strategy: Buy

Target: Rs 995

Stop-Loss: Rs 884

BSE | CMP: Rs 2,985.1

BSE has been structurally positioned in a classical upward trajectory, moving within a rising channel since December 2023. The stock has recently witnessed a breakout from a cup-and-handle pattern originating from June 2025, indicating a likely resumption of its primary uptrend.

It continues to trade comfortably above its 12-day and 26-day DEMA, reflecting strong trend strength. On the momentum front, the RSI is placed around 63, signaling sustained bullish momentum.

Strategy: Buy

Target: Rs 3,284

Stop-Loss: Rs 2,865