The Nifty index experienced significant gains on Wednesday, reversing a two-session decline, driven by optimism following comments from the US President regarding the Iran-Israel conflict. Rupak De, Senior Technical Analyst at LKP Securities, noted a positive divergence in the daily Relative Strength Index (RSI), suggesting potential short-term bullish momentum. Despite the overall weak trend, the index's proximity to key support levels indicates early signs of recovery, with resistance at 22,800 and potential movement towards 23,000. Analysts recommend buying NLC India Limited at Rs 280-285, with a target of Rs 310-330, supported by a bullish breakout and strong volume indicators. Similarly, Engineers India Limited is suggested for purchase at Rs 205 or on dips to Rs 195, targeting Rs 225-240. Both stocks show promising technical structures, indicating potential gains for traders willing to take advantage of the current market conditions.