Equity benchmarks rebounded 0.2 percent on September 10 after a three-day correction, but market breadth remained weak. About 2,002 shares declined, compared with 1,238 advancing shares on the NSE. The market is expected to remain under bearish pressure amid rising oil prices and fears of a prolonged Iran war. Here are some short-term trading ideas to consider:

Mahesh M Ojha, Vice President Research & Business Development at Kantilal Chhaganlal Securities

Nazara Technologies | CMP: Rs 374.65

Nazara Technologies is exhibiting a strong bullish price structure, with the stock trading near its recent high after a sustained uptrend. The stock has formed a sequence of higher highs and higher lows, while the sharp rise from the Rs 350–360 zone indicates strong buying momentum. The stock is currently hovering around Rs 374–375, close to the immediate resistance zone of Rs 380. The latest technical data also shows the stock trading above its key short-, medium- and long-term moving averages, supporting the bullish trend.

The RSI at 68.5 indicates strong momentum and is approaching the overbought threshold of 70, but it does not yet signal an extreme reversal condition. The MACD is also in positive territory, while the ADX at around 32 indicates a reasonably strong underlying trend.

On the price front, Rs 380 is the immediate breakout hurdle. A decisive close above Rs 380, preferably supported by higher volumes, could trigger the next leg of the upmove towards Rs 390–400. On the downside, Rs 365–360 is the first important support zone, followed by stronger support around Rs 350–355. The stock's recent trading history also shows Rs 379–380 as an important supply area. Buy the stock on dips in the Rs 370–375 range, with a stop-loss below Rs 348.

Strategy: Buy

Target: Rs 390, Rs 410, Rs 425

Stop-Loss: Rs 348

Heritage Foods | CMP: Rs 398.05

Heritage Foods is showing a positive technical setup on the daily chart, with the stock recovering strongly from the Rs 350–360 zone and moving above the key Rs 378–380 breakout area. The breakout has been accompanied by higher trading volumes, indicating improving buying interest.

The RSI (14) at 65.91 reflects strong momentum and remains below the overbought threshold of 70, leaving some room for further upside. The broader trend is also constructive, with the stock sustaining above its recent breakout zone. External technical data similarly indicates that the stock's short- and medium-term moving averages remain supportive.

The stock is likely to maintain its positive bias as long as it holds above Rs 378–380. A decisive close above Rs 403–405, preferably with strong volumes, could trigger the next leg of the upmove towards Rs 415–420, followed by Rs 430. On the downside, Rs 378 is the immediate and crucial support, while Rs 365–370 would act as the next major support zone. Buy Heritage Foods in the Rs 393–398 range, with a stop-loss below Rs 365.

Strategy: Buy

Target: Rs 415, Rs 428, Rs 440

Stop-Loss: Rs 365

Adani Power | CMP: Rs 213.5

Adani Power is indicating a constructive recovery on the daily chart after forming a strong accumulation base near the Rs 200–205 zone. The stock has successfully reclaimed key resistance levels and is sustaining above the 20-, 50-, 100- and 200-day EMAs, with the moving averages positively aligned. This indicates an improving medium- to long-term trend and provides strong support on declines.

Momentum indicators have also turned favourable, with the 14-day RSI at 55.40 comfortably above the neutral 50 mark and trading above its signal line. This reflects strengthening buying interest and improving momentum without yet indicating an overbought condition. The price structure, supported by higher levels and improving momentum, suggests that the recent rebound could extend further.

The overall technical setup remains positive, with Rs 205–200 emerging as a strong support zone. Sustaining above Rs 215 could trigger further upside towards Rs 225–230, followed by Rs 240. On the downside, a decisive break below Rs 200 would weaken the current bullish structure and could lead to profit-booking. Buy the stock on dips as long as it holds above the Rs 200–205 support zone.

Strategy: Buy

Target: Rs 222, Rs 230, Rs 240

Stop-Loss: Rs 198

Hitesh Tailor, Technical Research Analyst at Choice Broking

Jamna Auto Industries | CMP: Rs 131.86

Jamna Auto Industries is showing improving bullish strength after finding strong support around the rising trendline, where the 200-day EMA is also positioned, providing a strong support base. The stock has subsequently formed a bullish engulfing candlestick pattern, indicating renewed buying interest and a favourable reversal setup.

The momentum indicator RSI has rebounded from the oversold zone and sustained above the 60 mark, signalling strengthening momentum. The setup favours buying around Rs 132, with Rs 125 as the strict risk-control level and Rs 145 as the potential upside objective.

Strategy: Buy

Target: Rs 145

Stop-Loss: Rs 125

Zydus Wellness | CMP: Rs 566.3

Zydus Wellness is showing signs of strength, with the stock witnessing accumulation near the recent higher-low zone and subsequently bouncing back, indicating renewed buying interest. The RSI momentum indicator is sustaining above the 60 mark, further confirming improving momentum.

The overall technical setup remains positive, with Rs 540 as the strict stop-loss and Rs 620 as the potential upside target. The setup favours further short-term upside, provided the stock sustains above the support level.

Strategy: Buy

Target: Rs 620

Stop-Loss: Rs 540

PNB Housing Finance | CMP: Rs 1,179

PNB Housing Finance is showing improving bullish strength after finding strong support near its rising trendline and horizontal support zone, from where the stock has repeatedly witnessed pullbacks. The stock is currently sustaining above its 21-day EMA on the daily chart, indicating a positive short-term trend.

Volume has also remained higher than the previous six sessions, reflecting increased buying participation and strengthening upside momentum. The technical setup favours buying around Rs 1,179, with Rs 1,120 as the strict risk-control level and Rs 1,300 as the potential upside objective. Sustained strength above the 21-day EMA could further support the ongoing bullish momentum.

Strategy: Buy

Target: Rs 1,300

Stop-Loss: Rs 1,120

Om Mehra, Technical Research Analyst at Samco Securities

Eris Lifesciences | CMP: Rs 1,356.6

Eris Lifesciences has formed a saucer pattern and reclaimed its 20-day SMA. The Rs 1,360–1,370 zone remains a minor resistance area, but a sustained close above it would open the path for further upside. The RSI has moved sharply higher from 39 to near 56, reflecting a quick improvement in momentum. The MACD has turned positive with a fresh bullish crossover.

Strategy: Buy

Target: Rs 1,460

Stop-Loss: Rs 1,310

Shyam Metalics and Energy | CMP: Rs 1,086.1

Shyam Metalics & Energy has been maintaining a strong uptrend on the daily chart, forming a consistent sequence of higher highs and higher lows. The stock is trading comfortably above its MA Ribbon, with all moving averages placed in bullish alignment, reflecting broad-based strength.

After a small pullback, the stock is now attempting to stabilise and resume the broader uptrend. The RSI is placed near 64, while a bullish crossover in the MACD reflects sustained bullish momentum.

Strategy: Buy

Target: Rs 1,170

Stop-Loss: Rs 1,045

Cholamandalam Investment and Finance | CMP: Rs 1,859

Cholamandalam Investment and Finance is showing signs of bullish continuation after consolidating around the Rs 1,800–1,820 zone. The stock has bounced strongly from the recent pullback, forming a firm green candle, while volumes surged to nearly three times the recent average. The stock is holding above its 20-day and 50-day SMAs and remains above the daily Supertrend, providing support on the downside.

The RSI has moved back above 50, adding strength to the recovery. A sustained move above the recent consolidation zone could support further gains.

Strategy: Buy

Target: Rs 1,970

Stop-Loss: Rs 1,820