The benchmark indices closed flat with a negative bias after witnessing selling pressure at higher levels, however, the market breadth was slightly positive. About 1,539 shares advanced against 1,441 declining shares on the NSE. The market is expected to continue to see consolidation with range-bound trading. Below are some short-term trading ideas to consider:

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

Samvardhana Motherson International | CMP: Rs 142.41

Samvardhana Motherson International has witnessed a strong consolidation breakout on the daily chart after trading in a narrow Rs 139–133 range over the last four sessions, indicating fresh momentum building up in the stock. The broader trend remains firmly positive as the stock continues to form a higher high–higher low structure while trading comfortably above its key short and long-term moving averages.

Momentum indicators are also supportive, with the RSI inching higher, reflecting strengthening bullish momentum. Further adding to the positive setup, the stock has closed above the upper Bollinger Band, a sign often associated with strong trending moves and sustained buying interest. Hence, the accumulation is recommended in the stock in the zone of Rs 143-141 with a stop-loss of Rs 135. On the upside, it is likely to test the level of Rs 160 in the short term.

Strategy: Buy

Target: Rs 160

Stop-Loss: Rs 135

Siemens | CMP: Rs 3,878.7

Siemens has displayed strong bullish intent by forming a sizeable bullish candle on the daily chart, backed by a sharp surge in volumes, reflecting aggressive buying interest. The stock continues to respect its 50-day EMA, which has acted as a reliable dynamic support since May 14, highlighting strength in the ongoing trend.

Momentum indicators are also turning favourable, with the RSI gradually climbing above the 60 mark, indicating improving bullish momentum. Additionally, the shrinking red histogram bars on the MACD suggest weakening bearish pressure. The widening DI lines, with DI firmly above DI-, further confirms strong buyer dominance and strengthens the positive outlook. Hence, the accumulation is recommended in the stock in the zone of Rs 3,880-3,850 with a stop-loss of Rs 3,750. On the upside, it is likely to test the level of Rs 4,250 in the short term.

Strategy: Buy

Target: Rs 4,250

Stop-Loss: Rs 3,750

National Aluminium Company | CMP: Rs 433.05

NALCO has staged a decisive breakout from its prolonged consolidation range of Rs 421–389, signaling renewed bullish momentum. The breakout on May 27 was backed by a sharp rise in volumes, indicating strong buying participation at higher levels. Technically, the DI crossing above DI- on the ADX indicator reflects strengthening bullish dominance, while the RSI sustaining above 60 highlights improving momentum.

Adding to the positive setup, the stock has closed above the upper Bollinger Band, a characteristic often associated with strong trends. As long as the stock sustains above the breakout zone, momentum could remain firmly in favor of the bulls. Hence, the accumulation is recommended in the stock in the zone of Rs 435-430 with a stop-loss of Rs 420. On the upside, it is likely to test the level of Rs 470 in the short term.

Strategy: Buy

Target: Rs 470

Stop-Loss: Rs 420

Vatsal Bhuva, Technical Analyst at LKP Securities

RBL Bank | CMP: Rs 348.25

RBL Bank has witnessed a consolidation breakout on the daily chart, indicating improving optimism and strengthening price momentum. The RSI is in a bullish crossover and continues to trend higher, reflecting positive momentum in the near term.

Additionally, the price has been sustaining above key moving averages, which further supports the prevailing uptrend. Overall, the short- to mid-term sentiment is likely to remain strong, with the stock having the potential to move towards Rs 386. On the downside, immediate support is placed at Rs 333.

Strategy: Buy

Target: Rs 370

Stop-Loss: Rs 333

Tata Power Company | CMP: Rs 425.8

After a complete retracement towards its breakout zone, Tata Power witnessed renewed buying interest near the breakout levels along with support from its 200-day SMA, indicating strong demand at lower levels. Currently, the stock is trading above its key short-term and long-term moving averages, reflecting sustained strength in the overall trend structure.

Additionally, RSI has shown a hidden bullish divergence followed by a bullish crossover, signaling continuation of the prevailing uptrend after the recent pullback. The overall setup suggests improving momentum with the possibility of further upside traction in the counter over the near term.

Strategy: Buy

Target: Rs 465

Stop-Loss: Rs 400

Usha Martin | CMP: Rs 510.45

On the chart structure, Usha Martin has witnessed a rounding pattern breakout along with a consolidation breakout, supported by a long bullish candlestick above its strong resistance zone of Rs 490–495, indicating strong buying interest and positive price action.

The stock is also sustaining above its short-term 20 SMA on the daily chart, reflecting continued strength in the prevailing trend. Additionally, RSI has entered into a bullish crossover, signaling improving momentum and suggesting the possibility of further upside in the near term.

Strategy: Buy

Target: Rs 550

Stop-Loss: Rs 475

Himanshu Gupta, Head of Research - Retail Broking (AVP) at Jainam Broking

Bajaj Auto | CMP: Rs 10,808.5

Bajaj Auto has confirmed a bullish breakout on the daily chart, indicating continuation of its ongoing higher high–higher low trend structure. The stock has consistently taken support near its 20-day and 50-day Simple Moving Averages (SMA) during corrective phases, highlighting sustained strength in the near- to medium-term trend.

The stock is also showing strong relative strength (RS) when compared with the overall sector as well the market. Additionally, the RSI continues to remain in a positive momentum zone, suggesting strong buying interest in the stock. At the same time, the indicator has not yet entered the overbought territory, which indicates there is still scope for further upside in the coming sessions.

Strategy: Buy

Target: Rs 11,390

Stop-Loss: Rs 10,420

Sarla Performance Fibers | CMP: Rs 98.54

Sarla Performance Fibers has rallied nearly 45 percent after forming a low around Rs 68.40 in March 2026 and is currently trading in a strong higher high–higher low formation supported by increasing volumes. Following the sharp upmove, the stock is now witnessing a healthy correction near its short-term moving averages with relatively lower volumes, indicating limited selling pressure.

Technically, the stock has entered Stage 2 of its uptrend and is currently forming its first consolidation base, which is generally considered constructive for continuation of the broader bullish trend. The ongoing price contraction on the daily chart resembles a Symmetrical Triangle pattern, suggesting that the stock may be preparing for its next directional move after the current consolidation phase. Hence, the buying is advised above Rs 99.50.

Strategy: Buy

Target: Rs 106

Stop-Loss: Rs 95