The benchmark indices recovered sharply, with the Nifty 50 closing with a moderate loss of 0.4 percent on June 3. Market breadth was in favour of the bears, with 1,777 shares declining against 1,208 advancing shares on the NSE. The market is expected to remain range-bound, with Wednesday's low acting as a support level going forward. Below are some short-term trading ideas to consider:

Rupak De, Senior Technical Analyst at LKP Securities

Narayana Hrudayalaya | CMP: Rs 1,980.6

Narayana Hrudayalaya has broken out of a consolidation zone on the daily chart, signalling a resurgence in buying interest following a period of range-bound trading. Furthermore, it continues to trade above key moving averages, highlighting the strength of the prevailing uptrend. The RSI has entered a bullish crossover and is trending higher, suggesting improving momentum.

In the short term, the stock has the potential to advance towards Rs 2,100. On the downside, strong support is placed near Rs 1,930. A breach below this level could weaken the bullish outlook and lead to a return to the consolidation phase.

Strategy: Buy

Target: Rs 2,100

Stop-Loss: Rs 1,930

Ather Energy | CMP: Rs 1,022.05

Ather Energy has started a new uptrend following an upward consolidation breakout on the daily timeframe. The price has been sustaining above the critical short-term moving average, the 20 EMA.

Momentum indicators are also supporting the bullish setup, as the RSI is in a bullish crossover and trending higher, indicating improving positive momentum.

Over the short term, the stock may move towards Rs 1,100. On the downside, strong support is placed near Rs 984, below which the stock may lose momentum.

Strategy: Buy

Target: Rs 1,100

Stop-Loss: Rs 984

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

ABB India | CMP: Rs 7,196

ABB India has staged an impressive recovery of nearly 17 percent after finding strong support near its 100-day EMA on May 12, highlighting robust buying interest at lower levels.

Momentum indicators continue to strengthen, with the RSI sustaining above the 60 mark on both the daily and weekly charts, signalling a firmly bullish trend. The ADX setup remains favourable, with DI positioned above DI-, indicating that buyers remain in control.

Adding to the positive outlook, the MACD has crossed above the zero line, with rising green histogram bars reinforcing bullish momentum. The overall technical setup suggests that the stock is well-positioned to extend its upward trajectory.

Hence, accumulation is recommended in the stock in the Rs 7,200–7,150 zone, with a stop-loss at Rs 6,900. On the upside, it is likely to test the Rs 7,700 level in the short term.

Strategy: Buy

Target: Rs 7,700

Stop-Loss: Rs 6,900

Federal Bank | CMP: Rs 301.05

Federal Bank is on the verge of giving an ascending triangle breakout on the daily chart. The RSI has already given a breakout above a downward-sloping trendline and is moving above the 60 mark, signalling strengthening bullish momentum.

Further supporting the positive outlook, the MACD line has crossed above the signal line, indicating a fresh bullish crossover.

The stock continues to trade above its key short- and long-term moving averages on both the daily and weekly timeframes. With the weekly chart also nearing a breakout, the stock appears well-positioned for further upside.

Hence, accumulation is recommended in the stock in the Rs 302–298 zone, with a stop-loss at Rs 288. On the upside, it is likely to test the Rs 325 level in the short term.

Strategy: Buy

Target: Rs 325

Stop-Loss: Rs 288

Vaishali Patel, Deputy Manager - Research- Technical Department at Jainam

Premier Energies | CMP: Rs 1,089

Premier Energies remains in a strong Stage-2 uptrend, with the stock trading above its 20-day, 50-day, 100-day, and 200-day moving averages.

The broader trend structure continues to favour the bulls, supported by sustained institutional interest and positive momentum within the renewable energy sector.

The stock has recovered sharply from its January–March correction phase and has resumed a higher-high, higher-low formation. The Relative Strength Index is well placed in the bullish zone of 60–80, supporting buying momentum at current levels.

Strategy: Buy

Target: Rs 1,190

Stop-Loss: Rs 1,028

ADF Foods | CMP: Rs 290.3

ADF Foods has corrected sharply from its 52-week high and spent several months building a base. The recent price action indicates a transition from sideways movement to a bullish trend.

The stock is showing signs of a Stage-2 uptrend after emerging from a prolonged consolidation phase. It is trading above its key daily moving averages, indicating improving medium-term strength and institutional accumulation.

Strategy: Buy

Target: Rs 314

Stop-Loss: Rs 278