Swing-trade ideas: India
Indian markets bounced after sharp falls — Bajaj Broking flagged Belrise Industries and Jayaswal Neco Industries as top picks for March 20 amid volatility. (timesofindia.indiatimes.com) Traders note heavyweight names drove the rebound in Nifty and Sensex as crude concerns and Fed caution drove the earlier sell-off. (businesstoday.in)
Bajaj Broking’s research desk gave Belrise Industries a 30‑day positional target of ₹204 and a stop‑loss at ₹167 in its March recommendations. (bajajbroking.in) The brokerage’s note for Jayaswal Neco Industries carries an Alpha/MTF target near ₹91 and identifies immediate support roughly in the ₹68–70 band. (bajajbroking.in) On the prior session (Mar 19), the market rout erased gains as the BSE Sensex plunged about 2,497 points to 74,207.24 and the NSE Nifty fell roughly 776 points to 23,002, with brokers pointing to crude above $110 and net FII selling of about ₹2,714 crore. (kotakneo.com) In early trade on Mar 20 indices staged a rebound: the Sensex was reported up about 892 points to 75,098.79 while the Nifty gained roughly 278 points to 23,280.05 as buying returned to large caps. (indiatoday.in) Market commentary and screens showed the rally concentrated in heavyweights — HDFC Bank, Reliance Industries, ICICI Bank, State Bank of India, Infosys, L&T and Tata Steel featured among the biggest contributors to the bounce. (indiatoday.in) Bajaj Broking’s technical rationale cited Belrise moving up from a ₹170–175 support confluence (100‑day EMA + trendline) and Jayaswal trading near its 100‑day EMA/medium‑term trendline, which underpins the firm’s defined stop/target framework. (bajajbroking.in)
