Equity benchmarks recouped their opening losses in the second half and snapped a four-day losing streak, with the Nifty 50 rising 0.4 percent on June 2. Market breadth also turned positive, with about 1,797 shares advancing against 1,176 declining shares on the NSE. The market is expected to consolidate further while taking support at Tuesday's low. Below are some short-term trading ideas to consider:

Amol Athawale, VP Technical Research at Kotak Securities

Tata Consumer Products | CMP: Rs 1,154.7

On the daily chart, Tata Consumer Products has reversed sharply after correcting from higher levels. Additionally, it has formed a bullish piercing candlestick pattern near its long-term moving average. The stock's structure, along with decent volume activity, suggests that the uptrend may resume from the current levels.

For positional traders, Rs 1,115 would be the decisive level. If the stock trades above this level, the uptrend is likely to continue towards Rs 1,240. However, if it closes below Rs 1,115, traders may consider exiting their long positions.

Strategy: Buy

Target: Rs 1,240

Stop-Loss: Rs 1,115

Federal Bank | CMP: Rs 293.05

After a strong upward rally, Federal Bank witnessed a sharp correction and is now consolidating within a symmetrical triangle pattern on the daily chart. The presence of higher lows on the weekly scale highlights sustained buying interest and underlying strength, suggesting a potential breakout ahead.

For traders, the key level to monitor is Rs 283, which acts as immediate support. If the stock holds above this level, the positive trend structure is expected to remain intact. A decisive move beyond the consolidation range may trigger further upside, with the stock likely to head towards the Rs 315 level in the coming sessions.

Strategy: Buy

Target: Rs 315

Stop-Loss: Rs 283

Sun Pharmaceutical Industries | CMP: Rs 1,789.9

After declining from higher levels, Sun Pharma found support near a retracement zone and rebounded, showing a steady recovery from its recent lows. On the intraday chart, it has also broken out of a downward-sloping channel, indicating strengthening momentum. This price action signals the potential start of a fresh bullish phase from the current levels.

For the upcoming trading sessions, the Rs 1,730 level will act as a key trend indicator. If the stock sustains above this mark, it could continue its upward movement and gradually advance towards the Rs 1,920 level in the near term.

Strategy: Buy

Target: Rs 1,920

Stop-Loss: Rs 1,730

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

KPIT Technologies | CMP: Rs 809.25

On the daily chart, KPIT Technologies witnessed a bullish breakout from a triangle pattern after gaining nearly 3 percent in the previous session. Additionally, the stock closed above the upper Bollinger Band, signalling increasing volatility along with strengthening bullish momentum.

The MACD indicator continues to display green histograms above the zero line, reflecting sustained buying interest. The stock has also closed above the previous swing high of Rs 795, which is another positive development.

For now, a decisive move above Rs 826 is required for bullish momentum to continue towards Rs 867, followed by Rs 908, while immediate support is placed near Rs 783.

Strategy: Buy

Target: Rs 867, Rs 908

Stop-Loss: Rs 783

Parag Milk Foods | CMP: Rs 241.08

On the daily chart, Parag Milk Foods is showing early signs of a trend reversal by consistently forming higher highs and higher lows, indicating strengthening bullish momentum. In the previous session, the stock also broke out of a cup-and-handle formation and closed well above the neckline zone of Rs 234-236, with a gain of 7 percent.

A subsequent rise in volume was also observed, adding confirmation and indicating that the breakout is genuine. However, this sharp rise in the previous session has pushed most oscillators into the overbought zone. Therefore, minor dips towards the neckline area cannot be ruled out and may provide an opportunity to ride the ongoing trend. The key support is placed around Rs 226, while the targets are Rs 245 and Rs 265.

Strategy: Buy

Target: Rs 245, Rs 265

Stop-Loss: Rs 226

Route Mobile | CMP: Rs 536.1

On the daily chart, Route Mobile is taking support near the 50 percent Fibonacci retracement level of the April 2026 rally, indicating buying interest at lower levels. In the previous session, the stock broke out of a consolidation range and crossed the high of the last 13 trading sessions, signalling renewed bullish momentum after the recent correction.

The stock gained 6 percent on the highest volume recorded since April 27, adding confirmation to the breakout. Additionally, prices recently crossed above the 50-day EMA (Exponential Moving Average), which is a positive sign.

For now, a break above Rs 542, which is near the 23.6 percent retracement level, can push prices further higher towards Rs 581, provided Rs 524 remains protected on the downside.

Strategy: Buy

Target: Rs 581

Stop-Loss: Rs 524

Aditya Thukral, Founder & Analyst of AT Research & Risk Managers

PTC Industries | CMP: Rs 19,380

PTC Industries has been in a long-term uptrend, characterised by the formation of higher highs and higher lows. The stock has exhibited a cup pattern, and a breakout has been witnessed with an expansion in volumes. Buying momentum remains strong and appears fresh.

The stock has also started sustaining above all major EMAs, which are sloping upward. Although the 14-period RSI is currently in the overbought zone, this is often seen in strong bull-market conditions, where the RSI can remain overbought for extended periods.

The stock can be bought at current levels with a stop-loss below Rs 18,300, as it continues to remain in a strong uptrend.

Strategy: Buy

Target: Rs 21,300

Stop-Loss: Rs 18,300

CG Power and Industrial Solutions | CMP: Rs 907.7

CG Power has been in an uptrend, marked by the formation of higher highs and higher lows. The stock has exhibited a cup pattern, and the breakout was witnessed a few days ago. It has been sustaining above the breakout resistance level, while momentum remains strong.

The breakout from the pattern occurred with an expansion in volumes. The stock has consistently remained above all major EMAs, which are sloping upward. It has created support around the Rs 860 level, which is near the 20-day EMA and reflects the strength of the ongoing uptrend.

The stock can be bought at current levels with a stop-loss below Rs 860, as it continues to remain in a strong uptrend.

Strategy: Buy

Target: Rs 1,000

Stop-Loss: Rs 860