Domestic markets traded in a range, maintaining a positive bias as initial optimism surrounding the US-Iran peace deal was tempered by hawkish comments from the US Fed. Energy-driven inflationary pressures could prompt central banks to raise interest rates later in the year, prompting investors to take a cautious stance.

Stop-Loss: Rs. 632

VTL exhibits a strong structural breakout on the daily chart, surging past near-term resistance with expanding volume. Price action sustains a strong uptrend, tracking firmly above the rising moving average to signal aggressive buying interest. Initiate long positions in the 660–665 range, targeting 710 to 720 to capture the upside continuation. Maintain a strict stop loss at 632, positioned safely below the immediate consolidation support base.

Virat Jagad, Senior Technical Research Analyst, at Bonanza Portfolio

Stop-Loss: Rs. 3,595

Radico Khaitan demonstrates a decisive trendline breakout, bouncing sharply from its recent base with strong bullish momentum. The stock tracks above a crucial moving average, while momentum indicators confirm accelerating upward momentum. Buy in the 3670–3680 range, targeting 3820 to 3850 to capitalize on the trend extension. Place a tight stop loss at 3595, positioned safely below the recent swing low pivot to effectively manage downside risk.

Virat Jagad, Senior Technical Research Analyst, at Bonanza Portfolio

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