Top stocks to buy for the short term: Stock market benchmark Nifty 50 resumed its downward march on Monday, ending 0.70% down at 22,363 amid lingering geopolitical concerns, the dollar hovering near an 18-month high, and foreign capital outflow.
FPIs sold off Indian stocks worth ₹1,708.48 crore in the cash segment on 12 October.
On the technical front, experts underscore that the broader technical structure remains weak, with the formation of lower highs and lower lows continuing to reinforce the prevailing bearish trend.
"The index continues to trade below all its key moving averages, indicating persistent selling pressure and limited upside momentum. On the higher side, 22,500-22,600 has emerged as a fresh short-term resistance zone, while 22,200-22,000 remains a crucial support range on the downside," said Vishnu Kant Upadhyay, AVP- Research at Master Capital Services.
Vishnu Kant Upadhyay of Master Capital Services and Hitesh Tailor of Choice Broking recommend buying the following six stocks for the next 1-2 weeks: