Market Analysis: Key Sectors to Watch on April 7 - KPIT Technologies, Birlasoft, Gujarat Ambuja Exports, and More.

Market Extends Uptrend for Third Consecutive Session

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.

Short-Term Trading Ideas

DLF

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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.

CDSL

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.

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KPIT Technologies

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.

Birlasoft

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.

Natco Pharma

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.

Gujarat Ambuja Exports

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.

Avanti Feeds

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.

Indian Energy Exchange

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.

Samvardhana Motherson International

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.

Aurobindo Pharma

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.

NLC India

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.

Great Eastern Shipping Company

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.

Ather Energy

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.