The benchmark indices remained under pressure for another session, falling 0.4 percent on November 24. The market breadth was dominated by bears, with about 2,160 shares declining against 724 shares that advanced on the NSE. Consolidation is expected to continue in the market due to a lack of triggers. Below are some short-term trading ideas to consider:
Jigar S Patel, Senior Manager - Equity Research at Anand Rathi
Swiggy | CMP: Rs 404.6
A bullish engulfing pattern has formed on the daily chart, supported by a bullish divergence on the RSI, indicating strengthening momentum in Swiggy. Additionally, the latest closing price is higher than the previous nine sessions, further reinforcing the emerging positive sentiment.
These combined signals suggest the potential for continued upside movement if follow-through buying sustains. Traders may consider entering long positions in the Rs 406-400 zone.
Strategy: Buy
Target: Rs 440
Stop-Loss: Rs 377
Vedanta | CMP: Rs 495.15
Vedanta is showing signs of weakening momentum, as negative bearish divergence appears on the RSI near the December 2024 highs, as illustrated in the chart. This divergence suggests that upward price movements are not being supported by underlying strength.
Adding to the cautious outlook, a noticeable trendline breakdown has occurred, signaling a potential shift in the stock’s medium-term structure. These technical developments collectively point toward rising downside risk. Traders may consider entering short positions in the Rs 500-495 zone.
Strategy: Sell
Target: Rs 460
Stop-Loss: Rs 521
Bajaj Auto | CMP: Rs 9,007.5
Bajaj Auto has established a strong base within the Rs 8,850–9,000 zone, supported by a sustained consolidation phase that reflects steady accumulation at lower levels. Notably, this consolidation has occurred right above the 50-day EMA, reinforcing the stock’s underlying strength.
Additionally, a trendline breakout on the daily RSI further validates improving momentum and enhances the probability of an upward move from current levels. Traders may consider entering long positions in the Rs 9,030-8,980 zone.
Strategy: Buy
Target: Rs 9,400
Stop-Loss: Rs 8,750
Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
Wipro | CMP: Rs 247.27
Wipro has witnessed significant short buildup, and with the other major IT names, Wipro has also underperformed the overall markets recently. However, there is a good chance of short covering now, as it has been witnessed in other IT names as well.
With this overall recovery in the IT sector, Wipro is also likely to witness short covering. Buy Wipro December Futures in the range of Rs 245-248.
Strategy: Buy
Target: Rs 260, Rs 267
Stop-Loss: Rs 236
Tata Consumer Products | CMP: Rs 1,186
Tata Consumer Products has witnessed long buildup in the November series and seems to have completed its time-wise consolidation post the breakout. Since the stock has seen long additions, there is a higher probability that it may witness fresh long buildup once again, with prices moving higher.
There have been Put additions at the lower levels, which will provide support to the stock. It is trading well above its 20-day mean as well as the 20-day VWAP (volume-weighted average price), hence the short-term trend remains positive. Buy Tata Consumer Products December Futures in the range of Rs 1,180-1,200.
Strategy: Buy
Target: Rs 1,285, Rs 1,340
Stop-Loss: Rs 1,150
Hindalco Industries | CMP: Rs 774.65
Hindalco has been forming lower tops and bottoms and has witnessed short buildup as well, indicating a downtrend in the near term. The stock is trading below its 20-day mean and the 20-day VWAP, which further confirms the downtrend. There have been significant Call additions at higher levels as well, and all these factors together indicate a downtrend in the near term. Sell Hindalco December Futures in the range of Rs 780-776.
Strategy: Sell
Target: Rs 750, Rs 735
Stop-Loss: Rs 806
Vidnyan S Sawant, Head of Research at GEPL Capital
Federal Bank | CMP: Rs 248.17
Federal Bank has been consistently posting new lifetime highs for the past six weeks, reflecting strong bullish momentum. On the weekly chart, the stock recently completed a consolidation breakout. The RSI remains firmly above 65 across all time frames, signaling strong buying interest and aggressive bullish sentiment. This upward move is also backed by solid volume participation.
Additionally, the MACD indicator confirms strengthening upward momentum, supporting the continuation of the current uptrend.
Strategy: Buy
Target: Rs 273
Stop-Loss: Rs 235
AU Small Finance Bank | CMP: Rs 925.1
AU Small Finance Bank broke out of a consolidation phase that had been in place since May 2023, marking a fresh lifetime high last month. This month, the stock has delivered strong follow-through on that breakout, posting yet another fresh high and highlighting its robust upward momentum.
The stock continues to trade well above its 50-DEMA, indicating strong underlying trend strength. Moreover, the MACD across multiple time frames signals building momentum, further supporting the continuation of the ongoing bullish phase.
Strategy: Buy
Target: Rs 1,020
Stop-Loss: Rs 890
Shriram Finance | CMP: Rs 828.2
Shriram Finance continues to show strong trend strength across all time frames. This week, the stock once again hit a fresh lifetime high at Rs 839.50, underscoring its solid bullish undertone.
On the weekly chart, the stock had earlier broken out of an Ascending Triangle pattern with convincing volume support, signaling a resumption of its uptrend after a period of consolidation. The RSI remains above 65 across all time frames, further confirming sustained bullish momentum for the medium to long term.
Strategy: Buy
Target: Rs 920
Stop-Loss: Rs 795
Eicher Motors | CMP: Rs 7,258.5
Eicher Motors has entered a strong bullish phase after breaking above its multi-year resistance trendline in August 2025. Since the breakout, the stock has consistently formed higher highs and higher lows, along with frequent fresh lifetime highs, reinforcing the strength of its ongoing uptrend.
Throughout this rise, it has repeatedly taken support near key medium-term moving averages—the 13-DEMA and 26-DEMA. Recently, the stock completed a seven-week corrective phase and has now broken out again with a fresh life high, signaling a renewed and sharp upside continuation.
Strategy: Buy
Target: Rs 7,850
Stop-Loss: Rs 6,950
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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