The Nifty index experienced strong gains on Wednesday, driven by positive market sentiment after President Donald Trump's remarks about renewed US-Iran talks. This bullish momentum was reflected in sectors such as IT, auto, banks, and FMCG. Rupak De, a Senior Technical Analyst at LKP Securities, noted that the Nifty found support at the 20-day Exponential Moving Average (EMA) and closed above the 50-day EMA for the first time since February 23, indicating a potential upward trend. Analysts recommend buying Power Grid Corporation of India at ₹313, targeting ₹325-335, with a stop-loss at ₹295. The stock shows a bullish structure, reclaiming short-term EMAs and supported by rising volumes. Additionally, Kirloskar Oil Engines Limited is suggested for purchase at ₹1,597, with a target of ₹1,680-1,720 and a stop-loss at ₹1,500. This stock is also exhibiting strong momentum and bullish continuation patterns. Both recommendations reflect a favorable risk-reward scenario for investors.