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These stocks 50-day SMA crossed below their 200-day SMAs on February 18.

The Indian market is expected to consolidate on Wednesday, influenced by muted global cues. The Nifty futures closed slightly negative, with significant options data suggesting a broader trading range between 22,500 to 23,500 zones. Various technical analysts have recommended stocks such as LTIMindTree, Cipla, NTPC, and Wipro for short-term trading with specified targets and stop losses.

Piramal Pharma shares will be in focus after the US FDA s GMP inspection at its Turbhe facility from February 11-17, 2025, resulting in a Form 483 with six observations. The company confirmed that these relate to procedural improvements, not data integrity. Additionally, Piramal reported a 13% YoY revenue growth in Q3FY25, with a strong target price outlook.

An uptrend signal occurs when the RSI value crosses above 50 from below.

ICICI Securities has raised its rating on GlaxoSmithKline Pharmaceuticals to Add from Hold with a new target price of Rs 2250. GSK Pharma s earnings are expected to see a CAGR of 15.3% over FY24-27. The company has an asset-light and cash-rich balance sheet, which could improve its return on equity and return on capital employed.

India s megacap stocks are making a comeback, with their share of total market capitalization increasing to 21%. Nifty50 s share is also rising, reflecting this trend. Experts believe this is a natural market cycle and could continue. Emerging sectors like tech and fintech are gaining prominence, while traditional sectors experience slower growth.

Experts see potential in digital platforms, select banks, and IT services for long-term investment despite current market fluctuations. They recommend a balanced strategy by focusing on both large-cap and small-cap stocks, and highlight sectors such as cement, textiles, and capital goods as areas of value. Patience and strategic approach are emphasized for rewarding gains.

India is not a target, it will just be on the margin, some trade-off in terms of, look, be fair and just do not over-tariff us, but broadly balanced. But, of course, we will have to buy some defence planes, that is a given and that should balance the trade, so that is where I stand.