Trade Spotlight: BSE, Linde India, NHPC, PB Fintech, Bajaj Finance, HDFC Bank Among Stocks to Watch on March 17.

Market Update: March 16

The benchmark indices have bounced back with a gain of over 1% following short covering, but market breadth remains weak due to geopolitical tensions. On the NSE, 2,040 shares declined against 964 advancing shares.

Short-Term Trading Ideas

BSE

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• CMP: Rs 2,862.6
• Strategy: Buy
• Target: Rs 2,980, Rs 3,070
• Stop-Loss: Rs 2,760
• Recommendation: Buy BSE March Futures between Rs 2,860-2,870.

Power Finance Corporation

• CMP: Rs 406.25
• Strategy: Buy
• Target: Rs 412, Rs 428
• Stop-Loss: Rs 392
• Recommendation: Buy Power Finance Corporation March Futures at around Rs 403-400.

Linde India

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• CMP: Rs 7,172.5
• Strategy: Buy
• Target: Rs 7,600, Rs 7,870
• Stop-Loss: Rs 6,940
• Recommendation: Buy Linde India at around Rs 7,172.5.

Reliance Industries

• CMP: Rs 1,395.1
• Strategy: Buy
• Target: Rs 1,430, Rs 1,460
• Stop-Loss: Rs 1,340
• Recommendation: Buy Reliance Futures in the range of Rs 1,390-1,400.

NHPC

• CMP: Rs 75.27
• Strategy: Buy
• Target: Rs 80, Rs 83
• Stop-Loss: Rs 72
• Recommendation: Buy NHPC Futures in the range of Rs 74-76.

PB Fintech

• CMP: Rs 1,475.3
• Strategy: Buy
• Target: Rs 1,550, Rs 1,620
• Stop-Loss: Rs 1,425
• Recommendation: Buy PB Fintech Futures in the range of Rs 1,470-1,480.

Bajaj Finance

• CMP: Rs 878.15
• Strategy: Buy
• Target: Rs 930
• Stop-Loss: Rs 848
• Recommendation: Enter long positions in the Rs 880-870 zone.

HDFC Bank

• CMP: Rs 840.6
• Strategy: Buy
• Target: Not specified
• Stop-Loss: Not specified
• Recommendation: No specific recommendation provided.