The Indian market has a terrible start for this week because the Russian-Ukrainian war deteriorates but the damage is contained when the remaining days see the market makes the increase and nifty make an effort to stabilize around 15,700.

Because global uncertainty subsides, the market makes V-shaped recovery in the following two sessions. Because the market is very oversold, the speed makes a comeback amazing. Finally, with some Rangebound movements on March 11, The Nifty ended the week with a decent advantage.

It is certainly a week full of action. Even though it was initially rather unpleasant, we had to appreciate the spectacular recovery that we had in the second half of this week.

Until the previous week, we were confident that other sales rounds would encourage nifty to the sub-16,000 field, the index was in a moment, but everything was fine.

The market way rebounds, it has all the ingredients needed to confirm the bottom. But because the current situation is connected with war, we are waiting for further confirmation outside a certain level but practically, we have changed our attitude in the last few sessions.

As far as regarding the level, 16,750-16,800 remains the main obstacle and every sustainable step above this will confirm March 8 as the bottom. In Flipside, 16,450 followed by 16,200 is direct support.

We hope some consolidation in the main index and many adjustments will continue in individual stocks. For next week, if consolidation, one must focus on the specific movement of stocks, which will provide excellent trade opportunities.

Here are two buying calls for the next week:

NMDC: Buy | LTP: RS 157.30 | Stop-loss: RS 152.60 | Target: RS 165 | Back: 5 percent

Most commodities have carried out dreams in recent months and “metal” of course among leaders. However, this stock has not moved along with his colleagues. Recently, after undergoing a decent price correction, this stock began to move up and on March 11, it broke out of the ‘bullish pennant’ pattern on a daily time frame.

If we see volume activity along with the positive placement of the momentum oscillator, we hope the stock perform well in the coming week.

We recommend buying this share for RS 165 trading targets. Stop-loss can be placed at Rs 152.60.

Indian granules: Buy | LTP: RS 308.20 | Stop-Loss: RS 294 | Target: RS 322 | Back: 4.5 percent

Some of the names of Marquee Pharma phenomenon on the week passed. On March 11, some middle and smaller names continue to buzz. On the daily chart, we can observe the pattern “1-2-3” with at least twice the average daily volume.

Stock has managed to close above the main short-term transfer average, therefore, we expect stock to play several catch-ups with their greater colleagues.

Traders can see to buy on a decrease around Rs 305 for the short-term target of RS 322. Stop-loss can be placed at Rs 294.