Indian Equities Experience Recovery Amid Crude Price Moderation

Indian equities have been experiencing a recovery in recent weeks, driven by moderation in crude oil prices and global yields. This has improved risk appetite despite ongoing concerns about geopolitical uncertainty.

The market's resilience is also attributed to positive cues from major central banks following anticipated policy actions. Analysts believe that the sustainability of this recovery will depend on further easing of global macro risks and a revival in foreign investor inflows.

Among the stocks recommended for Monday are Acme Solar, Medanta, Tilaknagar Industries, Uno Minda, and PWL.

Acme Solar has seen a sharp breakout above its multi-month horizontal resistance, backed by exceptional buying volume. The stock's price is trading cleanly above all key EMAs and the RSI is in positive territory at 66.49.

Medanta has delivered a strong trendline breakout following a rebound off its 50-day EMA support. The expansion of volume and an upward-turning RSI indicate renewed upside momentum targeting recent swing highs.