The benchmark indices closed flat amid consolidation, with the Nifty 50 rising 0.07 percent on February 11. Market breadth turned negative, as about 1,602 shares declined against 1,307 advancing shares on the NSE. The market is expected to consolidate with range-bound trading for the next few sessions before gaining further strength. Below are some short-term trading ideas to consider:

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

TVS Motor Company | CMP: 3,865.1

TVS Motor has broken out of its six-session consolidation band of Rs 3,667–3,820 with rising volumes, pointing to fresh buying interest. Momentum is strengthening, with the RSI at 65, which typically reflects a healthy uptrend. The ADX, a trend strength indicator, also shows buyers gaining control, with the DI lines widening and DI placed comfortably above DI-.

Importantly, the ratio line in the Auto vs Nifty ratio chart is rising, which means the auto sector is outperforming the broader market. This relative strength supports the view that TVS Motor can continue its upward move. Hence, we recommend accumulating the stock in the zone of Rs 3,875–3,865, with a stop-loss at Rs 3,755. On the upside, it is likely to test the level of Rs 4,140 in the short term.

Strategy: Buy

Target: Rs 4,140

Stop-Loss: Rs 3,755

Union Bank of India | CMP: Rs 180.33

Union Bank has been consolidating in the Rs 165–183 range since mid-January, but the price has consistently held above its key moving averages, with the 20-day EMA acting as strong dynamic support. Momentum has improved, with the RSI recovering from 51 to above 62, signalling renewed buying strength. The ADX shows buyers clearly dominating sellers.

The stock has also taken support around the midline of the Bollinger Band multiple times in the last six sessions, highlighting steady demand. Indicator alignment suggests a potential upside breakout and further gains ahead. Hence, we recommend accumulating the stock in the zone of Rs 182–180, with a stop-loss at Rs 175. On the upside, it is likely to test the level of Rs 195 in the short term.

Strategy: Buy

Target: Rs 195

Stop-Loss: Rs 175

Astral | CMP: Rs 1,592.1

Astral has given a breakout above a key horizontal resistance line, followed by a strong follow-through rise, which confirms buying interest at higher levels. Trading volumes have increased steadily over the last three sessions, adding credibility to the move. Momentum remains strong, with the RSI approaching 70, indicating sustained upward pressure.

The MACD is above both the zero line and its signal line, with rising bars showing strengthening trend momentum. The close above the upper Bollinger Band signals a strong trend phase, suggesting further upside potential. Hence, we recommend accumulating the stock in the zone of Rs 1,600–1,590, with a stop-loss at Rs 1,545. On the upside, it is likely to test the level of Rs 1,710 in the short term.

Strategy: Buy

Target: Rs 1,710

Stop-Loss: Rs 1,545

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse

Aditya Birla Sun Life AMC | CMP: Rs 860.85

Aditya Birla Sun Life AMC has registered a fresh breakout from an inverse head-and-shoulders pattern, decisively crossing the neckline resistance near the Rs 840 level. The breakout is supported by higher-than-average volumes, lending credibility to the move and indicating strong buying interest.

The stock is also trading comfortably above all its short-term and long-term moving averages, reinforcing the positive trend. Considering the overall technical setup, the conservative price target derived from the pattern is placed around the Rs 960 level, while immediate support is seen at the 21-DMA near Rs 801.

Strategy: Buy

Target: Rs 960

Stop-Loss: Rs 801

Max Healthcare Institute | CMP: Rs 1,055.15

Max Healthcare Institute has witnessed a strong rebound from its multi-month support near the Rs 939 level. It has also moved above its short-term 21-DMA and 50-DMA, with key support from the 21-DMA placed around Rs 1,004.

Based on the retracement of the entire decline from the highs, the 50 percent retracement is seen near the Rs 1,130 level, which is likely to be tested in the near term on the back of a pullback-led move. As per pattern projections, the potential upside target is placed around Rs 1,130, while immediate support remains at Rs 1,004.

Strategy: Buy

Target: Rs 1,130

Stop-Loss: Rs 1,004

Rupak De, Senior Technical Analyst at LKP Securities

Hindustan Unilever | CMP: Rs 2,462.9

On the daily chart, Hindustan Unilever has formed an inverse head-and-shoulders pattern, indicating a potential trend reversal. The price has reclaimed the 200-DMA, suggesting improving sentiment and renewed optimism.

The RSI also supports a bullish view, reflecting strengthening momentum. In the near term, the bias is likely to remain positive, with potential for a meaningful upside move. On the higher side, the stock may advance toward Rs 2,650, while on the downside, support is placed at Rs 2,340.

Strategy: Buy

Target: Rs 2,650

Stop-Loss: Rs 2,340

Nippon Life India Asset Management | CMP: Rs 950.25

Nippon Life India Asset Management has given a consolidation breakout on the daily chart after several days of congestion. Additionally, it has confirmed a double-bottom breakout, reinforcing the positive bias in the counter.

The RSI is trending upward, indicating strengthening momentum. In the short term, the stock may move toward Rs 1,040. On the downside, support is placed at Rs 910; a close below this level could weaken the rally.

Strategy: Buy

Target: Rs 1,040

Stop-Loss: Rs 910

Federal Bank | CMP: Rs 290.5

Federal Bank has been advancing in a higher high–higher low formation on the daily chart, indicating a sustained uptrend. In the latest price action, it has delivered a consolidation breakout, suggesting renewed optimism.

The price is trading comfortably above the 20-DMA, confirming a positive short-term bias. Notably, volumes expanded significantly during the recent up move, adding conviction to the breakout. Based on the current technical setup, the stock may move toward Rs 320 in the near term. On the downside, support is placed at Rs 278; a close below this level could weaken the prevailing bullish sentiment.

Strategy: Buy

Target: Rs 320

Stop-Loss: Rs 278