Equity benchmark indices erased significant gains from new record highs and closed with moderate losses on December 1. The market breadth remained weak, with about 1,642 shares declining against 1,219 rising shares on the NSE. The market is expected to consolidate further until it gives a convincing close above Monday's high. Below are some short-term trading ideas to consider:
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Bank of Baroda | CMP: Rs 295.55
Bank of Baroda remains one of the strongest performers within PSU banks, which have been outperforming for over two months. Since mid-September 2025, the stock has been rising in a higher-highs and higher-lows formation. The RSI is still trading at 66, leaving enough space for the stock to trend further.
The 20-day Exponential Moving Average (EMA) has consistently acted as a strong dynamic support, with every dip offering fresh entry opportunities. As long as prices stay above this line, the trend remains bullish, with key support near the Rs 286 level. The stock has also closed above the previous swing high near Rs 294. For now, a breakout above Rs 298 can extend the rally toward Rs 310, followed by Rs 320.
Strategy: Buy
Target: Rs 310, Rs 320
Stop-Loss: Rs 286
PB Fintech | CMP: Rs 1,863.6
PB Fintech gained over 2% in the previous session with rising volumes, despite weakness in major indices, highlighting clear outperformance. On the daily chart, the stock has been consistently protecting its prior day’s low on a closing basis for the past four sessions, indicating improving bullish momentum.
Moreover, the MACD has just generated a fresh bullish crossover, offering additional confirmation of strength. Prices are currently trading near a key resistance zone, and a decisive breakout above Rs 1,875 could open the gates for a rally toward Rs 1,950, followed by Rs 2,050. On the downside, Rs 1,800 should act as a strong support zone on a closing basis.
Strategy: Buy
Target: Rs 1,950, Rs 2,050
Stop-Loss: Rs 1,800
Granules India | CMP: Rs 568.75
On the daily chart, Granules has shown renewed strength after taking support near the upward-sloping trendline on November 25. Since that rebound, the stock has been forming higher highs, clearly indicating a bullish structure. In the previous session, it closed with gains of over 2% and is now approaching its previous swing high around Rs 578.
Along with this, the 15-day EMA has crossed above the 30-day EMA, forming a bullish crossover that signals a shift in short-term momentum on the positive side. For now, a decisive break above Rs 578 can push prices higher toward Rs 600, followed by Rs 610. On the downside, key support is placed at Rs 555.
Strategy: Buy
Target: Rs 600, Rs 610
Stop-Loss: Rs 555
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Kotak Mahindra Bank | CMP: Rs 2,147.6
A breakout has been observed after a consolidation phase between Rs 2,070 and Rs 2,120, and Kotak Mahindra Bank is now sustaining above this zone. The consolidation occurred right on the 200 SMA, reinforcing it as a strong support area.
Additionally, the RSI has surpassed its previous swing high and is currently positioned near the 60 level, indicating strengthening momentum. Traders may consider entering long positions in the Rs 2,150–2,130 zone, with a target of Rs 2,250.
Strategy: Buy
Target: Rs 2,250
Stop-Loss: Rs 2,070
Hindustan Unilever | CMP: Rs 2,464.5
Hindustan Unilever has formed a strong base near its 200-day DEMA and SMA, indicating firm support at lower levels. A decisive range breakout, as reflected on the chart, further strengthens the bullish structure.
Technical indicators also support the positive outlook: the RSI is showing a bullish divergence, suggesting improving momentum, while the MACD has triggered a bullish crossover, confirming a potential trend reversal. Traders may consider entering long positions in the Rs 2,470–2,450 zone, with a target of Rs 2,575.
Strategy: Buy
Target: Rs 2,575
Stop-Loss: Rs 2,399
Samvardhana Motherson International | CMP: Rs 116.55
On the weekly chart, Motherson has given a breakout after nearly two months of consolidation. During this phase, the 10–20-period DEMA on the weekly scale consistently provided strong support, indicating sustained buying interest at lower levels.
The weekly RSI has also surpassed its previous swing high and is now positioned around 67, reflecting strengthening momentum. Given these signals, we expect the bullish momentum to continue in the coming sessions. Traders may consider entering long positions in the Rs 117–115 zone, with a target of Rs 128.
Strategy: Buy
Target: Rs 128
Stop-Loss: Rs 108
Vidnyan S Sawant, Head of Research at GEPL Capital
One 97 Communications Paytm | CMP: Rs 1,367.8
Paytm, on the weekly scale, trades above a multi-year trendline drawn from the August 2022 swing point. A sustained move above this zone would indicate significant structural improvement and open the door for further upside. Supporting this setup, volume activity has surged above the 20-week average, highlighting renewed investor participation and growing conviction in the ongoing trend.
From a momentum standpoint, the RSI remains above the 60 mark across multiple timeframes, signaling strong underlying strength and sustained bullish momentum. This alignment of price structure, volume expansion, and momentum reinforces the likelihood of a continued upward bias in the near term.
Strategy: Buy
Target: Rs 1,491
Stop-Loss: Rs 1,313
Angel One | CMP: Rs 2,763.4
Angel One continues to trade firmly above its 5-week EMA, underscoring strong trend strength. On the daily timeframe, the stock has been forming higher tops and higher bottoms, with each corrective swing typically seeing a 7% price-wise pullback before resuming its uptrend.
Recently, the stock has completed a similar corrective phase and appears poised to resume its primary upward trajectory. Additionally, the daily RSI has displayed a bullish divergence, reinforcing the improving momentum and supporting a positive near-term outlook.
Strategy: Buy
Target: Rs 3,095
Stop-Loss: Rs 2,652
City Union Bank | CMP: Rs 282.95
City Union Bank witnessed a significant multi-year breakout in the previous month, supported by a strong bullish candlestick and volume surging above the 20-month average—highlighting positive sentiment on the higher timeframe.
On the weekly scale, the stock continues to trade firmly above the 12-week and 26-week EMAs, reflecting sustained trend strength. Additionally, the RSI remains above 70 across timeframes, reinforcing robust bullish momentum and signaling continued strength in the ongoing uptrend.
Strategy: Buy
Target: Rs 306
Stop-Loss: Rs 271
Shriram Finance | CMP: Rs 851.55
Shriram Finance has been in a steadily rising trend, consistently forming higher tops and higher bottoms since the September 2025 swing low, highlighting a strong bullish price structure. The stock continues to trade firmly above its key moving averages—5-week, 12-week, and 26-week EMAs—indicating sustained trend strength and persistent buying interest on every dip.
From a momentum standpoint, the weekly RSI remains above the 70 mark, reinforcing the presence of robust bullish momentum. This elevated RSI level, when supported by strong price structure and trend alignment, suggests that the stock is likely to maintain its upward trajectory, with corrections expected to be shallow and short-lived.
Strategy: Buy
Target: Rs 912
Stop-Loss: Rs 818
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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