The market needs a close above short-term moving averages for an upward journey; until then, consolidation may continue. Below are some short-term trading ideas to consider.

Trade Spotlight | Your trading game plan for Elgi Equipments, MTAR Technologies, NCC today

NCC hit multi-year highs and formed strong bullish candlestick pattern on the daily scale with healthy volumes. The stock has seen a breakout of small consolidation as well as upward sloping resistance trendline adjoining highs of June 5 and July 6, which is a positive sign.

Trade Spotlight | How to trade in Elgi Equipments, Muthoot Finance, Mastek today

Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.

Experts zero in on 10 stocks as market trades below 200-day average

Nifty stands at the strong polarity support of 16,800 – 16,750 levels, failing to hold which the index is likely to see a further correction towards 16,450 – 16,400 zones

Trade Spotlight | How to trade in Sudarshan Chemical, Elgi Equipments, Aptus Value Housing

Elgi Equipments shares gained 2 percent at Rs 478 and formed bullish candle with long upper wick on the daily charts, indicating profit booking at higher levels. The stock has seen higher high higher low formation on the daily charts, with above average volumes.

Hot Stocks | Bet on Kirloskar Ferrous Industries, Elgi Equipments for decent returns in short term, here's why

Kirloskar Ferrous Industries has seen breakout of a parallel channel pattern after 13 months on the daily timeframe whereas on the weekly timeframe the stock has made a double bottom pattern which can be used as a confluence towards the bullish view.

Trade Spotlight | What should you do with Aster DM Healthcare, Ujjivan Financial Services, Elgi Equipments on Wednesday?

Ujjivan Financial Services rose nearly 2 percent to Rs 210, the highest closing level since August 13, 2021 and formed decent bullish candlestick pattern on the daily charts, while Elgi Equipments jumped more than 2 percent to end at record closing high of Rs 551 and formed small bodied bullish candle on the daily scale.

Trade Spotlight | What should you do with Elgi Equipments, Hitachi Energy, Home First Finance on Tuesday?

Hitachi Energy India was in a clear uptrend while forming higher high, higher low formation. The stock is currently trading near its record high level which tells that the stock already is in a good momentum.

Trade Spotlight | What should you do with Tata Chemicals, City Union Bank, Elgi Equipments on Thursday?

Tata Chemicals share price jumped 12.2 percent to Rs 1,074, the highest closing level since October 19, 2021. The stock had a robust gap up opening and large bullish candlestick pattern formation on the daily charts with significantly higher volumes. It has decisively broken the long down sloping resistance trend line, adjoining October 18, 2021 and May 5, 2022, may be indicating bullish phase. Now the stock is around 7-8 percent away from its record high of Rs 1,158.

Trade Spotlight | What should you do with Elgi Equipments, Mahindra Logistics, Avenue Supermarts on Wednesday?

Elgi Equipments jumped nearly 9 percent to close at Rs 374.5 and formed strong bullish candle on the daily charts with much higher than average volumes. Oscillators RSI (relative strength index) and Stochastic with more than 50 levels are showing uptrend.

Trade Spotlight | What should you do with Engineers India, Elgi Equipments, ITD Cementation on Thursday?

Though Elgi Equipments looks lucrative at current levels, one should wait because the stock is trading near its previous top Rs 422.30, which is also all-time high.

Hot Stocks | Double-digit return in KEI Industries, Elgi Equipments, NHPC possible in short term. Here's why

There is a classical bullish setup in NHPC as the counter had witnessed bullish flag formation in April month then it created a strong base at 200-DMA followed by a healthy correction.

Trade Spotlight | What should investors do with Aditya Birla Capital, Elgi Equipments, Adani Power, Ambuja Cements on Tuesday?

Aditya Birla Capital is showing strength as the stock broke above the previous week high in Monday's session. The stock is moving higher after taking support at the cluster of 20 day SMA (simple moving average - Rs 112) and 200 day SMA (Rs 113).

Trade Spotlight | What should you do with Quess Corp, India Cements, Elgi Equipments, Ambuja Cements?

Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today

Trade Spotlight | What should you do with Dr Lal PathLabs, Spandana, Elgi Equipments, VIP Industries, Capri Global?

Trade Spotlight | Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today

Trade Spotlight | What should you do with Greaves Cotton, Sunteck Realty, Elgi Equipments, Chemfab Alkalis & Indian Hotels?

Here's what Karan Pai of GEPL Capital recommends investors should do with these stocks when the market resumes trading today

Trade Spotlight | What should you do with Indian Hotels, Shreyas Shipping and Elgi Equipments?

Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.

Hot Stocks | ELGI Equipments, Gujarat Fluorochemicals, L&T can give up to 10% return in short term

Immediate support for the Nifty is placed around 14,800. Any close below this level would mean that correction could accelerate and Nifty may slide to 14,521-14,600 levels.

Sensex seen at 45,500; these 5 stocks gave positive surprise with Q2 earnings: ICICI Direct

Post Q2FY21, ICICI Direct marginally revised its FY21-22 estimates and introduce FY23 estimated numbers. Going forward, it expects Nifty earnings to grow at 17.5 percent CAGR in FY20-23.

Brokerages upgraded these 35 stocks in November; expect returns up to 40%

The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.

Heads up! Time to get into small & midcaps; 10 stocks looking attractive for long term

Historically speaking, the midcap and smallcap indices have never given negative returns for two consecutive years, and they have had a dismal 2018.

Brokerages initiate coverage on these 9 smallcaps in August, may return 40% in 1 year

With markets hitting fresh highs, most experts said there is need for a portfolio rejig and investors should add stocks that are showing growth

Here are fundamental trading ideas from SP Tulsian

In an interview to CNBC-TV18's Latha Venkatesh, Anuj Singhal, and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks and sectors.

Buy Hexaware, Elgi Equipments; sell Auro Pharma: Mitessh Thakkar

Mitessh Thakkar of miteshthacker.com suggests buying Hexaware Technologies, Elgi Equipments and McDowell Holdings and advises selling Aurobindo Pharma.

Buy ELGI Equipments; sell EID Parry: Mitesh Thacker

Mitesh Thacker of miteshthacker.com is of the view that one can buy ELGI Equipments and sell EID Parry.