Nifty ended with strong gains on Wednesday after President Donald Trump hinted at the beginning of a fresh round of talks between Iran and the US. Buying action in IT, auto, banks, and FMCG triggered the bulls.
Investors are advised to buy Power Grid Corporation at Rs 313, with an upside potential of 7%. The immediate target zone is ₹325–335, while a sustained breakout can extend towards ₹350. A crucial support and stop-loss level is at ₹295.
Kirloskar Oil Engines Limited shows a strong bullish continuation setup, breaking above a rising trendline resistance and sustaining above all key EMAs. The stock can head towards ₹1,680–1,720 in the near term, with extended targets around ₹1,800 if momentum sustains. A prudent stop-loss should be placed below ₹1,500.
