Bears have retained their charge over the market, pulling the benchmark indices down for eight consecutive days. The Nifty 50 fell by 0.1 percent with weak market breadth. About 1,522 shares declined compared to 1,242 advancing shares on the NSE. The consolidation may continue until the market moves back above the short-term moving averages. Below are some short-term trading ideas to consider:
Amol Athawale, VP Technical Research at Kotak Securities
SAIL | CMP: Rs 134.5
After a sharp uptrend rally, Steel Authority of India witnessed some selling pressure but eventually saw its downward momentum pause, finding support. On the weekly charts, the stock has formed a cup-and-handle pattern, and a fresh breakout from the resistance zone is very likely to occur in the coming trading sessions. As long as the stock is trading above Rs 130, the bullish trend is likely to continue. Above this level, the stock could move up to Rs 145.
Strategy: Buy
Target: Rs 145
Stop-Loss: Rs 130
Britannia Industries | CMP: Rs 5,991
Following a decline from higher levels, Britannia rebounded from its support zone and witnessed a steady recovery. Additionally, on the daily charts, the stock has given a breakout from its sloping channel formation. The upward movement in the stock suggests a new leg of the bullish trend from current levels. For the next few trading sessions, Rs 5,790 could be the trend-deciding level for the bulls. If it sustains above this level, we can expect a further uptrend towards Rs 6,420.
Strategy: Buy
Target: Rs 6,420
Stop-Loss: Rs 5,790
Tech Mahindra | CMP: Rs 1,400.3
On a broader time frame, Tech Mahindra has been in a prolonged downtrend, and it is currently in an oversold territory. The chart formation and technical indicators, such as the RSI, suggest that the stock is likely to rebound and start a new leg of upward movement from its lower levels. For positional traders, Rs 1,350 would be the decisive level. If the stock trades above this level, the uptrend formation will continue toward Rs 1,500. However, if it closes below Rs 1,350, traders may prefer to exit their long positions.
Strategy: Buy
Target: Rs 1,500
Stop-Loss: Rs 1,350
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Hindustan Zinc | CMP: Rs 482.5
In the previous session, Hindustan Zinc managed to break out of its week-long consolidation between Rs 445 and Rs 469, gaining 3.5%, despite the broader indices falling. The stock filled the gap formed in June 2025, which suggests that bulls are getting active. Recently, prices found support at the mid-Bollinger band and are now trading above the upper bands, which is a sign of strength.
The medium-term support for the stock is at Rs 453 levels. Additionally, the ADX is trading at 26, which is above 25, indicating that positive momentum is likely to continue in the stock. For now, one should use a buy-on-dips approach to ride the ongoing trend, which can push the stock toward targets of Rs 495, followed by Rs 520 levels.
Strategy: Buy
Target: Rs 495, Rs 520
Stop-Loss: Rs 465
Jindal Steel | CMP: Rs 1,063.75
In the previous session, the Metal sector emerged as one of the top-performing sectors, with Jindal Steel standing out, gaining 2% and closing above the prior day's high, which is a bullish sign. However, prices are still stuck within a range of Rs 1,020–1,070 since September 8. Additionally, the Bollinger bands have started to shrink, indicating low volatility in the stock.
Such periods of contraction are typically followed by periods of expansion. Hence, a breakout on the upside is expected, which could push prices to new fresh highs. A break above Rs 1,070 can trigger a fresh leg upward toward Rs 1,110, followed by Rs 1,145 levels.
Strategy: Buy
Target: Rs 1,110, Rs 1,145
Stop-Loss: Rs 1,030
Arun Mantri, Founder of Mantri Finmart
Bank of Baroda | CMP: 258.55
Bank of Baroda has been in strong bullish momentum, in line with the overall PSU Banking index, for the past few sessions. On the technical front, the RSI is above the major threshold, which may lead to price expansion, coupled with good trading volumes.
Moreover, the MACD shows a strong bullish crossover, with a wide spread between the MACD and signal line. Immediate support for the stock is at Rs 250, while the trend remains positive as long as the price holds above the support zone and moves higher above Rs 280.
Strategy: Buy
Target: Rs 282, Rs 288
Stop-Loss: Rs 245
Hero MotoCorp | CMP: Rs 5,472.5
Hero MotoCorp has witnessed good action in the past few weeks and is looking strong on the short-term time frame, trading well above its major short-term moving averages. The stock has broken out above Rs 5,400, with volumes showing an increasing trend over the past few trades, indicating growing traction in the counter.
The Bollinger Band (20, 2) is also trading in comfortable zones, with both the RSI and MACD signaling bullish trends on the daily as well as the weekly time frames. The next resistance for the stock is around Rs 5,650–5,700 from a short-term perspective.
Strategy: Buy
Target: Rs 5,645, Rs 5,680
Stop-Loss: Rs 5,367
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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