The benchmark Nifty remained within the range of 23,650 to 23,900 for the second consecutive session, closing moderately lower on December 24. The market breadth was slightly in favor of the bulls, with about 1,285 shares advancing compared to 1,223 shares declining on the NSE. The market is expected to attempt an upward movement amid likely consolidation. Below are some trading ideas for the near term:

Amol Athawale, VP-Technical Research at Kotak Securities

Commercial Syn Bags | CMP: Rs 1,262.45

Aurobindo Pharma is in an accumulation zone, trading in a rangebound mode for several sessions. The texture of the chart formation and the technical indicator RSI (Relative Strength Index) suggest a likely breakout from the rectangle formation, paving the way for a new leg of the upmove in the coming horizon.

Strategy: Buy

Target: Rs 1,350

Stop-Loss: Rs 1,215

Coal India | CMP: Rs 384.5

On the daily time frame, Coal India has been in a downtrend, currently in oversold territory and near its demand area. The chart formation and RSI indicate a strong likelihood of a rebound, initiating a new upward movement from current levels.

Strategy: Buy

Target: Rs 410

Stop-Loss: Rs 370

Coromandel International | CMP: Rs 1,855.35

The weekly charts show Coromandel International in a rising channel formation with a higher high and higher low series pattern. The technical indicator ADX (Average Directional Index) also signals a continued uptrend, potentially boosting bullish momentum.

Strategy: Buy

Target: Rs 1,980

Stop-Loss Rs 1,785

Vidnyan S Sawant, Head of Research at GEPL Capital

One 97 Communications | CMP: Rs 982.55

Paytm demonstrates a robust price structure with a V-shaped recovery, signaling a bullish trend. The stock has sustained above its 12-week and 26-week EMAs (Exponential Moving Averages) since June 2024. The upward-trending MACD (Moving Average Convergence Divergence) further reinforces the positive momentum.

Strategy: Buy

Target: Rs 1,128

Stop-Loss: Rs 910

Dr Reddy's Laboratories | CMP: Rs 1,350.9

Dr Reddy's Laboratories has been forming higher tops and bottoms on the weekly chart since 2022. Consistent buying near key averages during dips reflects strong price development. The RSI shows a bullish hidden divergence, currently at 59, which reinforces the positive momentum.

Strategy: Buy

Target: Rs 1,567

Stop-Loss: Rs 1,255

Oberoi Realty | CMP: Rs 2,290.5

Oberoi Realty is on an upward trajectory, forming higher highs and higher lows while trading consistently above the 12-week and 26-week EMAs. The weekly MACD is in buy mode, reflecting bullish sentiment. On the daily chart, a Bullish Flag pattern is forming, with price sustainability above Rs 2,320 signaling a continuation of the uptrend.

Strategy: Buy

Target: Rs 2,740

Stop-Loss: Rs 2,100

Time Technoplast | CMP: Rs 487.4

Since 2023, Time Technoplast has exhibited a bullish chart structure with higher highs and higher lows on the weekly scale. The daily chart reflects a change in polarity, with the October 2024 swing high now acting as a support level. The RSI confirms a bullish crossover, strengthening the positive momentum.

Strategy: Buy

Target: Rs 586

Stop-Loss: Rs 449

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Amber Enterprises India | CMP: Rs 7,250

Following the announcement of the demerger, Amber Enterprises surged over 21% in the past two sessions, making a fresh record high near Rs 7,498. The stock has consistently protected its prior day's low since December 11, maintaining a bullish bias. Although indicators are in the overbought region, a "buy on dips" strategy is prudent, targeting Rs 7,600, followed by Rs 7,950, with Rs 6,900 as the nearest support.

Strategy: Buy

Target: Rs 7,600, Rs 7,950

Stop-Loss: Rs 6,900

KFin Technologies | CMP: Rs 1,477

KFin Technologies has not closed below its prior day's low since December 11, indicating strength in the ongoing trend. After a dip to the baseline (red line), prices rebounded sharply last week, gaining over 23%. A "buy on dips" strategy is recommended, targeting Rs 1,500 and Rs 1,550, while Rs 1,410 acts as strong downside support.

Strategy: Buy

Target: Rs 1,500, Rs 1,550

Stop-Loss: Rs 1,410

Commercial Syn Bags | CMP: Rs 88.79

Commercial Syn Bags rallied 8.5% in the previous session, forming a rounding bottom pattern on the daily chart. A close above Rs 87.80 confirms a breakout, with ADX readings at 46.97 signaling strong momentum. Use dips towards Rs 87-88 as a buying opportunity, targeting Rs 93-95, with Rs 84.50 as the downside support.

Strategy: Buy

Target: Rs 93, Rs 95

Stop-Loss: Rs 84.50

Om Mehra, Technical Analyst at Samco Securities

Uno Minda | CMP: Rs 1,059

After a significant correction, Uno Minda has established a solid base, suggesting a trend reversal. The daily RSI at 54 indicates positive momentum, while a breakout above the declining trendline enhances the recovery prospects. The stock is trading above its 9- and 20-day moving averages, supported by increased delivery volumes. With Rs 1,025 as robust support, the stock is poised for an upward move.

Strategy: Buy

Target: Rs 1,200

Stop-Loss: Rs 1,000

Hindustan Petroleum Corporation | CMP: Rs 412.85

Hindustan Petroleum Corporation displayed strong bullish momentum, closing above its 50-day SMA at Rs 398.22. A breakout from the recent consolidation phase, coupled with an RSI at 60, suggests further upside potential. Resistance is near Rs 421, with a decisive move above this level opening additional gains. Support is seen at Rs 398-400.

Strategy: Buy

Target: Rs 445

Stop-Loss: Rs 392

United Spirits | CMP: Rs 1,564.75

United Spirits are forming higher highs and higher lows, indicating a sustained uptrend. The stock trades above its 20- and 50-day moving averages, with RSI holding at 60. A Cup and Handle pattern on the daily chart provides further bullish confirmation. Levels above Rs 1,550, which previously acted as resistance, are now a strong support base.

Strategy: Buy

Target: Rs 1,685

Stop-Loss: Rs 1,490