Synopsis: The GIFT Nifty Index rebounded over 4.8% after Trump announced a five-day pause on Iran strikes, following rising geopolitical tensions. Stocks with RSI below 30, including BPCL, Tata Chemicals, L&T, and UltraTech Cement, are in oversold zones, signalling potential upside opportunities for traders in the Indian market.
The Gifty Nifty index has rebounded more than 4.5% in a day after the market closed following Trump’s updates on the ongoing conflict. He announced a five-day pause on planned military strikes against Iran following productive talks. This comes after a 48-hour ultimatum to reopen the Strait of Hormuz. Iran remains open to diplomacy but insists on an end to aggression, amid escalating conflict, missile deployments, and rising casualties.
The Gift Nifty Index has staged a strong rebound, climbing over 4.8% (1,000 points) from the day’s low of 22,453.5 to reach a high of 23,533.5, marking a significant recovery in the session. This is particularly important because movements in the GIFT Nifty often set the tone for the broader Indian market’s opening, and identifying oversold opportunities can help traders anticipate potential rebounds across the market. Here’s why an RSI below 30 matters
The Relative Strength Index (RSI) is a technical indicator used in financial markets to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to assess whether a stock or asset is overbought or oversold.
An RSI value above 70 indicates that the asset might be overbought, suggesting it could be overvalued and might experience a price correction. Conversely, an RSI below 30 indicates that the asset might be oversold, potentially signalling that it is undervalued and could experience a price rebound. Here is the list of stocks to look out for
Bharat Petroleum Corporation Ltd
Bharat Petroleum Corporation Ltd (BPCL) is a major Indian central public sector undertaking under the Ministry of Petroleum and Natural Gas, ranked among the Fortune Global 500. It is the second-largest oil marketing company in India, operating refineries in Mumbai, Kochi, and Bina, and boasts a vast network of over 20,000 energy stations across the nation.
With a market capitalization of Rs. 1,17,789.44 crores on the day’s trade, the stock closed at Rs. 271.50, with an RSI of 18.04, indicating that it is in the oversold zone, offering the potential for an upside bounce.
DCM Shriram Fine Chemicals Ltd
DCM Shriram Fine Chemicals Ltd (DSFCL) is an independent Indian company incorporated in 2021, demerged from DCM Shriram Industries Ltd to focus on high-value fine and speciality chemicals. Based in Daurala, Uttar Pradesh, it specialises in drug intermediates (especially anti-infectives), agrochemicals, and perfumery, leveraging advanced technologies like photochlorination and cyanation.
With a market capitalization of Rs. 183.12 crores on the day’s trade, the stock closed at Rs. 21.05, with an RSI of 9.82, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Tata Chemicals Ltd
Tata Chemicals Ltd is a science‑led chemistry company in the Tata Group, specialising in basic chemistry products like soda ash and salt and specialty products including agrochemicals, specialty silica, and prebiotics. It has global operations with manufacturing in multiple countries and is among the world’s largest soda ash producers, serving industries from glass to consumer goods through innovative, sustainable chemistry solutions.
With a market capitalization of Rs. 15,501.92 crores on the day’s trade, the stock closed at Rs. 608.50, with an RSI of 16.45, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Petronet LNG Ltd
Petronet LNG Ltd is a leading liquefied natural gas (LNG) importer and regasification company in India. It builds and operates LNG terminals to supply natural gas to utilities, industrial customers, and city gas networks. Petronet LNG plays a vital role in India’s transition to cleaner fuel by expanding LNG infrastructure, including large capacity storage tanks at major ports.
With a market capitalization of Rs. 35,700.00 crores on the day’s trade, the stock closed at Rs. 238.00, with an RSI of 28.85, indicating that it is in the oversold zone, offering the potential for an upside bounce.
UltraTech Cement Ltd
UltraTech Cement Ltd is India’s largest cement manufacturer and one of the world’s biggest in terms of sales volume. Part of the Aditya Birla Group, UltraTech produces grey, white cement and ready‑mix concrete (RMC) and supports infrastructure, housing, and commercial construction projects across India and abroad. It operates dozens of plants and a vast distribution network, anchoring India’s construction materials sector.
With a market capitalization of Rs. 3,05,280.25 crores on the day’s trade, the stock closed at Rs. 10,359.75, with an RSI of 29.53, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Larsen & Turbo Ltd
Larsen & Toubro Ltd (L&T) is a premier Indian multinational engineering, procurement, and construction (EPC) conglomerate, founded in 1938 and headquartered in Mumbai. It operates globally in over 50 countries, specialising in high-impact sectors including infrastructure, hydrocarbon, power, process industries, and defence, supported by a 50,000+ employee base.
With a market capitalization of Rs. 4,59,715.62 crores on the day’s trade, the stock closed at Rs. 3,341.90, with an RSI of 28.69, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Lodha Developers Ltd
Lodha Developers Ltd (formerly Macrotech Developers) is a leading Indian real estate developer based in Mumbai. It focuses on premium residential and commercial properties, creating large township projects, high‑rise apartments, and mixed‑use developments in key Indian cities and select international markets. Lodha is known for large projects in Mumbai, Pune, Bengaluru and beyond.
With a market capitalization of Rs. 72,759.30 crores on the day’s trade, the stock closed at Rs. 728.40, with an RSI of 16.64, indicating that it is in the oversold zone, offering the potential for an upside bounce.
VRL Logistics Ltd
VRL Logistics Ltd is a prominent Indian logistics and transportation company headquartered in Hubballi, Karnataka. Founded in the 1970s, it has grown into one of the country’s largest fleet owners of commercial vehicles. VRL provides goods transport, parcel delivery, courier, 3PL and warehousing services across most Indian states, serving corporate, SME, and trading customers with an extensive hub‑and‑spoke network.
With a market capitalization of Rs. 4,191.49 crores on the day’s trade, the stock closed at Rs. 239.60, with an RSI of 23.12, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Jyothy Labs Ltd
Jyothy Labs Ltd (formerly Jyothy Laboratories Limited) is a prominent Indian Fast-Moving Consumer Goods (FMCG) company founded in 1983 in Thrissur, Kerala. Headquartered in Mumbai, it operates primarily in fabric care, dishwashing, personal care, and household insecticides, with key brands including Ujala, Exo, Henko, Margo, and Maxo.
With a market capitalization of Rs. 7,327.77 crores on the day’s trade, the stock closed at Rs. 199.55, with an RSI of 21.22, indicating that it is in the oversold zone, offering the potential for an upside bounce.
Gulf Oil Lubricants India Ltd
Gulf Oil Lubricants India Ltd is a major manufacturer and marketer of automotive and industrial lubricants in India. Part of the Gulf Oil brand family, the company makes engine oils, speciality industrial lubricants, marine oils, EV fluids, and allied products used by OEMs and industrial customers for vehicles and machinery. It is one of the top private lubricant players in the Indian market.
With a market capitalization of Rs. 4,291.88 crores on the day’s trade, the stock closed at Rs. 868.80, with an RSI of 21.11, indicating that it is in the oversold zone, offering the potential for an upside bounce.
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