The benchmark indices rallied around 1 percent with strong market breadth on July 27. As many as 2,058 shares advanced, compared with 957 that declined on the NSE. The market is expected to remain range-bound until it moves decisively above Monday's high. Below are some short-term trading ideas to consider:

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

United Breweries | CMP: Rs 1,428.7

United Breweries (UBL) is showing signs of a potential reversal after correcting sharply from its recent highs. The stock is currently trading near a major historical demand zone, which also coincides with the Floor Pivot S1 support, making it an important accumulation area.

Additionally, the weekly MACD, RSI, and DMI are exhibiting bullish divergences, indicating that bearish momentum is fading despite the stock making lower lows. These positive divergences suggest that selling pressure is weakening while buyers are gradually returning. The recent price action also reflects a successful defence of the demand zone, increasing the probability of a recovery. Traders may consider initiating long positions in the Rs 1,430-1,410 zone, with a target of Rs 1,565.

Strategy: Buy

Target: Rs 1,565

Stop-Loss: Rs 1,300

Max Healthcare Institute | CMP: 1,114.6

Max Healthcare has resumed its upward momentum after taking support near the 50-day EMA, indicating that the broader bullish trend remains intact. The stock has witnessed a strong rebound from lower levels, while the RSI, at around 57, reflects improving strength without entering the overbought zone.

Although the MACD is witnessing a mild loss of momentum, it remains in positive territory, suggesting that the primary trend is still favourable. The Stochastic Oscillator has turned higher from the oversold region, hinting at renewed buying interest. Traders may consider buying the stock in the Rs 1,120-1,110 zone, with a stop-loss at Rs 1,060 and a target of Rs 1,200.

Strategy: Buy

Target: Rs 1,200

Stop-Loss: Rs 1,060

Adani Enterprises | CMP: Rs 3,036.6

Adani Enterprises has started showing signs of fatigue after failing to sustain above the Rs 3,150-3,180 resistance zone, where the Camarilla R4 level is acting as a strong resistance, increasing the likelihood of profit booking. The recent breakdown below the short-term rising trendline indicates weakening bullish momentum and raises the probability of a deeper corrective move.

The DMI has turned bearish, with the -DI (red) crossing above the DI (green), while both the -DI and the ADX are trading above the 25 level, confirming that bearish momentum is strengthening and sellers are gaining control. The RSI has slipped below the 50 mark, reflecting fading buying strength, while the MACD remains below the signal line with an expanding negative histogram, indicating increasing downside momentum. Traders may consider initiating short positions in the Rs 3,100-3,050 zone, with a target of Rs 2,775.

Strategy: Sell

Target: Rs 2,775

Stop-Loss: Rs 3,225

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

ITC | CMP: Rs 285.85

ITC has corrected sharply over the past couple of months, accompanied by significant short build-up, which has led to an extended decline. However, the stock has now paused its fall, while positive divergence in its short-term momentum indicators suggests that there is a good chance of short covering from current levels. Hence, a rebound cannot be ruled out.

The stock is now offering a favourable risk-reward setup, making current levels suitable for initiating long positions. According to the August series options data, there has been healthy Put writing at lower levels. On the upside, the Rs 290 strike has the highest Call open interest, and a move above this level could trigger significant short covering, potentially pushing the stock well above the Rs 300 mark. Buy ITC August Futures in the Rs 285-290 range, with a stop-loss below Rs 275.

Strategy: Buy

Target: Rs 305, Rs 315

Stop-Loss: Rs 275

Pidilite Industries | CMP: Rs 1,611.3

Pidilite Industries has given a clear breakout from a falling channel, with the short-term trend reversing from sideways to bullish. The stock has witnessed healthy long additions from lower levels, and despite the recent rise in international crude oil prices, it has not corrected much, indicating that the event has already been priced in and that the overall trend remains bullish.

According to the August series options data, the highest Call open interest is at the Rs 1,700 strike, with no significant Call base beyond that level. Therefore, there is no major immediate resistance. Additionally, with international crude oil prices easing, short-term momentum is expected to remain positive. Buy Pidilite August Futures in the Rs 1,610-1,630 range, with a stop-loss below Rs 1,575.

Strategy: Buy

Target: Rs 1,680, Rs 1,710

Stop-Loss: Rs 1,575

Colgate Palmolive India | CMP: Rs 2,136.6

Colgate-Palmolive has been forming higher highs and higher lows, while open interest has declined, indicating short covering in the near term, which could further support the uptrend.

According to the August series options data, there has been significant Put writing at the Rs 2,100 strike, while Call unwinding has also been witnessed at the same strike. Since the stock is already trading above Rs 2,100, the immediate target is Rs 2,200, where the next major Call base is placed. The maximum pain also stands at Rs 2,100. As long as the stock remains above this level, the short-term uptrend is likely to continue. Buy Colgate-Palmolive August Futures in the Rs 2,140-2,155 range, with a stop-loss below Rs 2,070.

Strategy: Buy

Target: Rs 2,230, Rs 2,300

Stop-Loss: Rs 2,070

Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan

Tata Consultancy Services | CMP: Rs 2,295.6

TCS has completed a five-wave advance from the bottom as part of Wave I, followed by a shallow Wave II correction that found support near the 40-day EMA. A breakout above the previous swing high confirms the beginning of Wave III.

Additionally, a positive divergence is visible on the weekly chart, while both the daily and weekly momentum indicators remain in bullish territory. This setup suggests the potential for sustained positive momentum in the coming sessions.

Strategy: Buy

Target: Rs 2,400, Rs 2,457

Stop-Loss: Rs 2,194

Kirloskar Oil Engines | CMP: Rs 2,283.1

Kirloskar Oil Engines has exhibited a series of impulsive advances and, based on the Elliott Wave structure, was undergoing a Wave IV correction. During this phase, the stock tested the 40-day EMA and witnessed a strong rebound from that support zone. The A-B-C corrective decline of Wave IV appears to have concluded near the 40-day EMA.

Meanwhile, the daily momentum indicator is showing early signs of improvement and has started turning higher. The overall chart structure suggests the potential commencement of Wave V, which could drive the stock higher in the coming trading sessions. Even under a conservative scenario, in which the stock merely retraces a portion of its recent decline, the setup still offers the potential for attractive short-term returns.

Strategy: Buy

Target: Rs 2,425, Rs 2,495

Stop-Loss: Rs 2,190

Jubilant Foodworks | CMP: Rs 427.45

Jubilant FoodWorks has formed a strong base near the Rs 410 level. After forming a Doji candlestick in the previous week, the stock has now surpassed the high of that Doji, indicating a pickup in buying interest.

Additionally, a positive divergence is visible on the weekly momentum indicator, while the indicator itself remains in bullish territory. The combination of these factors suggests that the stock may be in the process of establishing a durable bottom, with the potential for a strong bounce in the coming trading sessions.

Strategy: Buy

Target: Rs 450, Rs 465

Stop-Loss: Rs 409

Vidnyan S Sawant, Head of Research at GEPL Capital

L&T Finance | CMP: Rs 312.25

L&T Finance has witnessed a bullish mean reversion from the 50-day EMA, with the 50 percent Fibonacci retracement acting as a strong support zone and triggering a healthy rebound. The subsequent breakout from a falling wedge pattern, coupled with a bullish polarity shift, as the previous resistance turned into support, reinforces the continuation of the uptrend.

Additionally, the ratio chart indicates improving relative strength, highlighting the stock's potential to outperform the broader market.

Strategy: Buy

Target: Rs 335

Stop-Loss: Rs 300

India Glycols | CMP: Rs 1,184.5

India Glycols has witnessed a bullish polarity shift from the downward-sloping trendline drawn from the November 2025 high, signalling a positive trend reversal. Buying interest emerged near the 61.8 percent Fibonacci retracement level, resulting in a higher high-higher low structure.

The stock continues to trade comfortably above its 12-day, 20-day, and 50-day DEMAs, reinforcing the prevailing uptrend. Meanwhile, the ratio chart continues to trend higher, indicating sustained relative strength against the broader market.

Strategy: Buy

Target: Rs 1,280

Stop-Loss: Rs 1,137