The benchmark indices fell around 1 percent on September 9, extending their downtrend for the third consecutive session. Market breadth remained negative, with about 1,986 shares declining against 1,272 advancing shares on the NSE. According to reports from LKP Securities, the market is likely to see consolidation with a negative bias in the near term.
Urban Company has shown signs of recovery after a few days of decline, with the stock trading at ₹171.59. As reported by LKP Securities, the price has recovered above the 50EMA on the hourly chart, indicating a possible improvement in the trend. The hourly RSI is in a bullish crossover, and the stock has found support around the low of the previous congestion zone. The recommended strategy involves buying with a target of ₹185 and stop-loss at ₹167.
Inox Wind is trading at ₹77.39 and has moved up after a few days of consolidation, showing rising bullish sentiment. According to LKP Securities analysis, the stock is sustaining above the 20EMA on the daily timeframe and has risen after forming a positive divergence. The recommended strategy involves buying with a target of ₹81 and stop-loss at ₹76.
DLF September Futures is trading at ₹657.90 and has fallen from its recent consolidation, indicating rising pessimism around the stock. As reported by LKP Securities, the price has slipped below the critical moving average on the daily timeframe, with the RSI in a bearish crossover and continuing to fall. The recommended strategy involves selling DLF September Futures around ₹662 with a target of ₹645 and stop-loss at ₹670.
CG Power and Industrial Solutions is trading at ₹926.95 and has witnessed a decisive breakout from the ₹916–860 consolidation zone since August 5. According to SBI Securities analysis, the stock is trading above its key short and long-term moving averages with RSI moving marginally above 60, signalling renewed bullish momentum. The recommended strategy involves buying with a target of ₹995 and stop-loss at ₹890.
Apollo Hospitals Enterprise is trading at ₹8,967 and has witnessed a decisive breakout from a symmetrical triangle pattern on the daily chart. As reported by SBI Securities, the breakout is backed by healthy volume rise over three sessions, with momentum indicators turning supportive including RSI breaking above horizontal trendline resistance. The recommended strategy involves buying with a target of ₹9,585 and stop-loss at ₹8,600.
Adani Ports and Special Economic Zone is trading at ₹1,775 and has staged a strong rebound after a sharp 6.70 percent decline on August 31 that pushed the stock below its 200-day EMA. According to SBI Securities analysis, the stock has decisively broken above the upper end of its ₹1,724–1,593 consolidation range since August, supported by healthy volume rise. The recommended strategy involves buying with a target of ₹1,895 and stop-loss at ₹1,700.
