Market Trading Guide: Buy DMart & IPCA Laboratories on Wednesday for short-term gains up to 14%. Here’s why

Nifty ended FY26 with 5% cuts witnessing a sharp fall in the final session. On Monday, the headline index corrected over 2%, dragged by the sell-off in banks, auto and IT stocks. It has slipped toward its previous swing low on the daily chart, retracing almost 90% of the previous rise from the April 2025 low to the February 2026 high.Commenting on the current trends, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty seems to be finding support just above the rising trendline on the daily chart. "Another interesting formation is creating a silver lining — a hidden positive divergence on the daily RSI. Therefore, I won’t be surprised if the Nifty stages a decent recovery from Wednesday. On the lower end, 22,200 is likely to act as a crucial support level, from where a significant rally might emerge. The view of a bullish reversal will be negated if the index slips below 22,200," De said. Stock Ideas