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Shares of Bharat Heavy Electricals Ltd (BHEL), a state-owned engineering company will be in focus on Monday after it announced that it has received an order worth Rs 6,700 crore from Singareni Collieries Company (SCCL) to establish an 800 MW thermal power unit in Telangana.The contract covers BHEL's responsibilities for design, engineering, manufacturing, supply, erection, commissioning, and civil works, according to a company statement. The order pertains to the 800 MW Adilabad supercritical thermal power project in Mancherial district, Telangana, and will be executed on an EPC (Engineering, Procurement & Construction) basis.The total value of the order is Rs 6,700 crore, excluding taxes and duties.The new unit will be built next to the existing 2x600 MW units, which were also entrusted to BHEL for Boiler-Turbine-Generator (BTG) work and commissioned in 2016.BHEL has successfully installed over 75% of the coal-based power sets for various utilities in Telangana.As India’s leading power equipment manufacturer, with over 1,70,000 MW of installed power capacity across the nation, BHEL continues to play a crucial role in strengthening India’s energy security and advancing the country’s goal of self-reliance in the power sector.Shares of the company fell 14.41% and underperformed its sector by 128.11% in the past year. Meanwhile, the scrip offered 250.83% returns in the last three years. According to Trendlyne, the stock has worse 1 year returns than industry, sector, Sensex and Nifty50

Technical indicators point to continued near-term weakness in the market, with Nifty likely to test the 22,670 support zone before attempting a counter-trend rally. Recent pullbacks have failed to sustain, hence a close above the 20-DMA of 23,255 is a must for a sustainable rally toward 24,200, according to technical analysts. Stocks to consider for long positions include Bajaj Finance, Bajaj Finserv, ICICI Bank, M&M, UltraTech Cement, United Breweries, and Divi’s Lab.JATIN GEDIA TECHNICAL RESEARCH ANALYST, MIRAE ASSET SHAREKHANWhere is the Nifty headed? As per the Elliott wave principle, this correction is a wave four correction which typically retraces 38.2% of the previous wave and hence we expect this ongoing correction phase to terminate around the 22,670 – 22,460 zone which coincides with the 38.2% Fibonacci retracement level of the rise from 16,828 to 26,277 and the 20-month moving average. Positive divergence is visible on daily momentum indicators, suggesting exhaustion of selling pressure. The pullbacks are unable to sustain and hence a close above the 20-day moving average (23,255) shall be the minimum requirement for a meaningful and sustainable counter-trend rally towards 24,200 – 24,500. We expect Nifty to test the support zone of 22,670 –22,460, and start a counter-trend rally this week. What should investors do? Investors should utilise this fall to accumulate quality large-cap stocks that have relatively outperformed during this corrective phase. A simple relative strength scan provides a handful of stocks among the large caps namely Bajaj Finance, Bajaj FinServ, ICICI Bank, M&M, UltraTech Cement, and Wipro which can be considered as they have been resilient, suggesting inherent strength. Mid- and micro-cap stocks should be avoided, and counter-trend rallies should be used as an exit opportunity rather than adding or averaging. 118314606SACCHITANAND UTTEKAR VP- TECHNICAL & DERIVATIVES, TRADEBULLS SECURITIESWhere is the Nifty headed? Trend strength indicators remain negative — the daily RSI (relative strength index) is below 50, signaling weak momentum, while the daily average directional index (ADX), after surpassing 25, is rising, warning against support-based buying. Nifty must breach 23,300-23,410 to regain bullish momentum. A key concern is that the weekly ADX is indicating continued downside risk. Expect range-bound movement with a negative bias between 23,400 and 22,400 for the rest of the series. A sell-on-rise strategy remains favourable, with options data showing fi rm resistance at 23,300 (earlier 23,500) and key support at 22,500 and 22,400. Long positions should only be considered if Nifty breaks 23,560; otherwise, weakness may deepen further. What should investors do? Traders are advised to avoid initiating leveraged long positions. Until the index decisively trends above 23,560, a long-short strategy remains prudent. Investors can leverage this volatilitydriven phase to accumulate quality stocks at optimised entry levels, particularly in sectors with strong tailwinds. Close monitoring of earnings outcomes is essential. The top stocks to watch are UltraTech Cement, ICICI Bank, Kotak Bank, United Breweries, and Divi’s LabPRITESH MEHTA EXECUTIVE VICE PRESIDENT – RESEARCH, YES SECURITIESWhere is the Nifty headed? Nifty is just holding onto the midpoint of the current threedigit Gann channel, placed near multiple lows around the 22,800 zone, yet it is lacking the follow-through. However, a potential reversal move could come into play — a break below the 22,800 zone followed by a smart recovery. We don’t expect the price to sustain at lower levels for long. With select bank and fi nancial names showing relative strength, a pullback rally will likely play out up to the 23,200 zone. What should investors do? With broader markets, like midcaps and small-caps 100 indices, showing relative and absolute weakness, sticking with large-cap names would be an ideal approach. Our customised defense index is deteriorating, and the Nifty Realty index has formed a bearish anchor column, suggesting continuation of weakness in both. Meanwhile, the ratio of the Nifty Financial Services vs Nifty is attempting to surpass the Dec peak, a break above would result in a continuation of fi nancials’ outperformance. We expect a rally of 8-10% in Bajaj Finserv and Chola Finance in the medium term.

Royal Challengers Bengaluru (RCB) will face defending champions Kolkata Knight Riders (KKR) in the IPL 2025 opening match at Eden Gardens on March 22. The ten-team tournament will begin almost two weeks after the Champions Trophy ends on March 9.The schedule was announced by the Board of Control for Cricket in India (BCCI) through broadcasters JioHotstar on Sunday, with 13 venues set to host 74 IPL 2025 matches over 65 days.Eden Gardens, the home ground of IPL 2024 title winners KKR, will also be the venue for the grand finale on May 25.Additionally, the venue will also host Qualifier 2 on May 23.The other two play-off matches -- Qualifier 1 on May 20 and the Eliminator on May 21 -- will take place in Hyderabad, the home ground of 2024 runners-up Sunrisers Hyderabad.ALSO READ: IPL 2025 schedule released: RCB vs KKR on March 22; Check all fixtures, dates and venuesThe season will feature a total of 74 matches that will be played across 65 days.There will be 12 double-headers and the matches will be played across 13 cities -- 10 host cities plus Guwahati, Visakhapatnam and Dharamsala.While the afternoon games will begin at 03.30 PM IST, the evening games will begin from 07.30 PM IST.The Royal Challengers also have a new captain in Rajat Patidar, who replaced Faf du Plessis.Here is the full schedule of Royal Challengers Bengaluru for IPL 2025:118304109Royal Challengers Bengaluru (RCB) will kick off their IPL 2025 campaign against Kolkata Knight Riders (KKR) on March 22 in Kolkata at 7:30 PM IST. Their next match is against Chennai Super Kings (CSK) on March 28 in Chennai. RCB will play their first home game in Bengaluru on April 2 against Gujarat Titans (GT), followed by an away match against Mumbai Indians (MI) on April 7. They return to Bengaluru on April 10 to face Delhi Capitals (DC) before heading to Jaipur on April 13 to take on Rajasthan Royals (RR) in an afternoon match at 3:30 PM.RCB will then play Punjab Kings (PBKS) twice within three days, first at home on April 18 and then away in Chandigarh on April 20. They continue their home run against Rajasthan Royals on April 24 before traveling to Delhi on April 27 for another clash with DC. On May 3, they will host CSK in Bengaluru, followed by an away match against Lucknow Super Giants (LSG) on May 9. RCB’s last two league matches are at home, facing Sunrisers Hyderabad (SRH) on May 13 and concluding their group stage with a rematch against KKR on May 17 in Bengaluru.This schedule sees RCB playing a mix of home and away matches, ensuring thrilling encounters against all major teams.