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The Indian market is expected to trade higher on Monday tracking positive global cues.The Nifty future closed positive with gains of 0.72% at 22327 levels on Thursday. India VIX was up by 1.02% from 12.70 to 12.83 levels.The Nifty PCR is currently at 1.18. Meaningful call writing is witnessed across 22400-22500 strikes, while put writing was witnessed in 22200-22000 strikes.“The overall range for the coming few sessions in April could be 22500 on the upside & 22180 on the downside,” Sudeep Shah, Deputy Vice President, Head of Technical and Derivative Research, SBI Securities, said.“Going forward, while strong support lies around 22180, the zone of 22400-22420 will be the immediate hurdle for the index for the day,” highlights Shah.“Any sustainable move above the level of 22420 will lead to a short-covering move in Nifty towards 22530-22550 in the short term. If the index slips below 22180, it will lead to further selling pressure in the index upto the 22070-22050 level,” he added.In the cash market, both FIIs and DIIs were net buyers on Thursday to the tune of 188.31 and 2691.52 cr, respectively.FIIs' Long short ratio for index futures at the Inception of a fresh series is at 44.83 as on a net basis, they bought 66945 index futures.We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:Expert: Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited told ETBureauMaharashtra Bank: Buy| Target Rs 66| Stop Loss Rs 60Kalyan Jewellers India: Buy| Target Rs 450| Stop Loss Rs 415Jio Financial Services: Buy| Target Rs 380| Stop Loss Rs 340Expert: Kunal Bothra, Market Expert told ETNowHero MotoCorp: Buy| Target Rs 4850| Stop Loss Rs 4650Indian Hotels: Buy| Target Rs 608| Stop Loss Rs 572Sona BLW Precision Forging Ltd: Buy| Target Rs 750| Stop Loss Rs 680Expert: Nooresh Merani, an independent technical analyst told ETNowJSW Steel: Buy| Target Rs 900| Stop Loss Rs 810ICICI Bank: Buy| Target Rs 1200| Stop Loss Rs 1070Dynamatic Technologies Ltd: Buy| Target Rs 8400| Stop Loss Rs 7200(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

The oil marketing companies on Monday announced a reduction in prices for 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, effective from April 1, 2024. The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi starting from April 1. Similarly, the price of the 5 kg FTL cylinder has been lowered by Rs 7.50, reported ANI, citing sources.This adjustment in prices contrasts with the previous announcement made on March 1, when oil marketing companies had increased the prices of commercial liquefied petroleum gas (LPG) cylinders. Such fluctuations in pricing are typically influenced by shifts in fuel costs and market dynamics. On February 1, the prices of Indane gas cylinders varied across metro cities, with Delhi, Kolkata, Mumbai, and Chennai each having distinct rates.However, with the advent of March 1, consumers witnessed a notable increase in the prices of Indane LPG gas cylinders across all metro cities.While the precise reasons behind the price decrease remain undisclosed, various factors, such as changes in international oil prices, shifts in taxation policies, and supply-demand dynamics, likely contribute to such adjustments.The consecutive revisions emphasise the volatile nature of the energy market and its implications for households and businesses reliant on commercial LPG cylinders. (With inputs from ANI)

Domestic indices rallied for the second straight session on Thursday to end fiscal 2024 on a bullish note. The 30-share Sensex jumped 655 points to settle at 73,651 and the Nifty climbed 203 points to end at 22,326.Stocks that were in focus included names like IDFC First Bank, which fell 2.96%, VIP Industries, which jumped 11.05%, and Ambuja, whose shares gained nearly 2% on Thursday.Here's what Pravesh Gour, Senior Technical Analyst, Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.IDFC First BankOn a longer time frame, the counter is encountering trend-line resistance and forming lower highs and lower lows. The counter's overall structure is distorted because it is trading below all its important moving averages, which confirms a bearish trend.On the upside, Rs 80 will act as a resistance level; above this, we can expect a long move towards Rs 85, while on the downside, Rs 70 may be an important support.The momentum indicator RSI (relative strength index) is also negatively poised, whereas MACD (moving average convergence divergence) is supporting the downtrend. This suggests that the indices may continue to fall in the near term.VIP IndustriesThe counter has experienced a significant correction from Rs. 720 to Rs. 450 levels. This suggests a substantial decline in price over a given period.The overall structure is distorted as it trades below its all-important moving averages, but it has a demand zone near 450.On the upside, 580 is an immediate susceptible area; If the price manages to break above this resistance level with conviction, it indicates a potential shift in market sentiment and opens up the possibility of a run-up towards 640+ levels in the near term.Ambuja CementsThe counter is in a classical uptrend, as it is forming a flag formation on the daily chart. The pattern suggests an immediate target of Rs 660, while it has the potential to move further upside till the 680 level. On the downside, Rs 550 will be an immediate support level.MACD (moving average convergence divergence) supports the current strength, whereas the momentum indicator RSI (relative strength index) is also positively poised.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)