The benchmark indices clocked around four-tenths of a percent gains on November 17, extending their upward journey to a sixth straight session. However, market breadth was not very strong, as about 1,480 shares advanced against 1,412 declining shares on the NSE. The positive trend is expected to continue given the healthy momentum and supportive technical indicators. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Life Insurance Corporation of India | CMP: Rs 915.35
A strong base formation is visible near the 200 DEMA in Life Insurance Corporation, supported by bullish divergence on the hourly chart, indicating that momentum is gradually shifting in favour of buyers.
On the daily timeframe, both the short-term and long-term MACD have given a bullish crossover above the zero line, reinforcing positive sentiment and suggesting that the downtrend may be reversing. Together, these signals highlight improving strength and increase the probability of an upward move. Traders may consider entering long positions in the Rs 920–910 zone.
Strategy: Buy
Target: Rs 975
Stop-Loss: Rs 885
Coromandel International | CMP: Rs 2,212.4
Coromandel recently found strong support near the 200 DEMA and 200 SMA, indicating a reliable demand zone. The long-term MACD has formed a bullish divergence, suggesting weakening downside momentum and the potential start of an upward shift. The stock is gradually showing signs of recovery on the price front.
Additionally, the 25-period ROC on the hourly chart has turned positive, confirming improving momentum and supporting the likelihood of a continued upside move. Traders may consider entering long positions in the Rs 2,215–2,200 zone.
Strategy: Buy
Target: Rs 2,450
Stop-Loss: Rs 2,095
DOMS Industries | CMP: Rs 2,599.6
DOMS has built a strong base in the Rs 2,500–2,580 zone through a sustained consolidation phase, indicating steady accumulation at lower levels. In the November 14 session, the stock broke out decisively above the Rs 2,580 mark, signalling renewed buying interest and a potential continuation of the uptrend. This breakout is further validated by a bullish MACD crossover above the zero line, reflecting strengthening momentum.
With both price action and indicators aligning positively, the technical setup suggests further upside potential. Traders may consider entering long positions in the Rs 2,600–2,590 zone.
Strategy: Buy
Target: Rs 2,800
Stop-Loss: Rs 2,500
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
Marico | CMP: Rs 760.7
Marico has provided a breakout above its 5–6 months of consolidation range, supported by a positive crossover in its momentum indicators as well as significant long build-up in the futures segment, indicating bullishness in the near term. The stock has seen the highest Call base at the Rs 760 strike, which, when taken out, will lead to unwinding of short positions at this level and further drive the stock higher.
On the lower side, the stock has seen significant Put additions from the Rs 700 to Rs 760 strikes, indicating strong support at lower levels. The PCR (Put-Call Ratio) has also jumped close to 1, now at 0.87. The stock is trading well above its maximum pain level as well as its 20-day VWAP at Rs 750 and Rs 729, respectively, so these levels will act as short-term support for the stock. Buy Marico Futures in the range of Rs 755–765.
Strategy: Buy
Target: Rs 790, Rs 810
Stop-Loss: Rs 737
Biocon | CMP: Rs 420.95
Biocon has also provided a breakout from a long consolidation phase, accompanied by long build-up in the futures segment, which makes a clear case for a short- to medium-term uptrend in the stock. There have been Put additions at lower levels from the Rs 410 to Rs 380 strikes, with the Rs 400 strike having the highest Put base.
On the upside, the Rs 420 strike has the highest Call base, and the stock has managed to close above this level as well as above its maximum pain point of Rs 405, which is quite positive. It is also trading well above its 20-day VWAP level of Rs 384, and all these factors combined make the stock quite bullish in the near term. Buy Biocon Futures in the range of Rs 420–425.
Strategy: Buy
Target: Rs 450, Rs 465
Stop-Loss: Rs 397
Bajaj Auto | CMP: Rs 8,945.5
Bajaj Auto still has a large short build-up, and as the monthly expiry approaches, the stock is likely to witness some short covering, given that it appears to have completed its consolidation phase and is now likely to provide an upside breakout.
On the options front, the stock has the highest Call base at the Rs 9,000 strike, which, if taken out, may lead to further upside toward Rs 9,200–9,300. The stock is still trading below its maximum pain level of Rs 9,000; however, it has managed to close above its 20-day VWAP of Rs 8,914, increasing the probability of taking out the Rs 9,000 level. In anticipation of short covering, the stock looks positive in the near term. Buy Bajaj Auto Futures in the range of Rs 8,950–9,000.
Strategy: Buy
Target: Rs 9,150, Rs 9,250
Stop-Loss: Rs 8,840
Vidnyan S Sawant, Head of Research at GEPL Capital
Chennai Petroleum Corporation | CMP: Rs 1,075.8
Chennai Petroleum Corporation has been forming higher tops and higher bottoms on the weekly scale since the March 2025 swing low, and it continues to sustain above the key 12-week and 26-week EMAs, highlighting strong trend strength.
On the daily timeframe, the stock is exhibiting firm relative strength against broader market volatility, reflecting steady outperformance. The MACD momentum indicator further reinforces the acceleration of bullish momentum, supporting continuation of the prevailing uptrend.
Strategy: Buy
Target: Rs 1,183
Stop-Loss: Rs 1,030
Canara Bank | CMP: Rs 149.12
Canara Bank, after breaking out of a large bullish Cup & Handle pattern, has been witnessing strong upward momentum, consistently forming higher highs and higher lows. The stock is trading firmly above its 10-DEMA, underscoring solid trend strength.
Additionally, the MACD indicator across multiple timeframes reflects accelerating momentum, reinforcing continuation of the bullish phase.
Strategy: Buy
Target: Rs 160
Stop-Loss: Rs 144
Axis Bank | CMP: Rs 1,249.6
Axis Bank continues to display robust trend development on both the weekly and daily timeframes. On the weekly scale, the stock has retested the breakout of the sloping trendline drawn from the July 2024 swing high, which aligns with the 5-week EMA—indicating sustained buying interest at lower levels.
On the daily scale, the stock has been forming higher tops and higher bottoms since the September 2025 swing low. Within this rising structure, Axis Bank has shown repetitive price behaviour: during each corrective phase, the stock tends to pause after roughly a 4% decline before resuming its primary uptrend. This consistency highlights strong underlying demand and reinforces continuation of the bullish trend.
Strategy: Buy
Target: Rs 1,337
Stop-Loss: Rs 1,210
Sammaan Capital | CMP: Rs 183.66
Sammaan Capital has entered a strong bullish momentum phase after breaking out above the multi-year sloping trendline in September 2025. Since then, the stock has been forming higher tops and higher bottoms, confirming a sustained uptrend.
During this upward trajectory, the stock has consistently found support near the short-term key moving averages—the 12-DEMA and 26-DEMA—and has typically undergone average corrections of around 9% before resuming its upmove. Recently, the stock completed a similar corrective structure, suggesting the likelihood of a sharp recovery on the upside.
Strategy: Buy
Target: Rs 200
Stop-Loss: Rs 176
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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