The benchmark indices came under selling pressure for the fourth consecutive session, falling 0.7 percent on June 1 amid weakness in market breadth. Bears dominated approximately 2,091 shares, while only 924 shares were supported by bulls. Selling pressure could intensify if the market decisively breaks the low recorded in May. Below are some short-term trading ideas to consider:

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

JSW Energy | CMP: Rs 583.45

JSW Energy has recently delivered a breakout on the weekly chart, signalling a positive shift in trend and momentum. Supporting this bullish setup, key momentum indicators such as the RSI, MACD, and DMI are all showing strength, indicating that buying interest remains intact.

The breakout is backed by an improving technical structure, which enhances the probability of further upside in the coming weeks. Traders may consider entering long positions in the Rs 585-575 zone, with a target of Rs 680.

Strategy: Buy

Target: Rs 680

Stop-Loss: Rs 540

Adani Energy Solutions | CMP: Rs 1,496.5

A breakout above the previous swing high, as depicted in the chart, indicates a continuation of the bullish trend and strengthening price momentum. Adding to the positive outlook, key momentum indicators such as the RSI, MACD, and DMI have all turned bullish, suggesting sustained buying interest and the potential for further upside.

The overall technical structure of Adani Energy Solutions remains strong, making any near-term correction a potential buying opportunity. Traders may consider entering long positions in the Rs 1,500-1,450 zone, with a target of Rs 1,650.

Strategy: Buy

Target: Rs 1,650

Stop-Loss: Rs 1,375

AIA Engineering | CMP: Rs 4,522.7

A breakout above the falling trendline, accompanied by a surge in volumes, signals a potential shift in momentum and strengthening bullish sentiment in AIA Engineering. The stock is further supported by positive readings from key indicators such as the RSI, MACD, DMI, and AIGEN-G, all of which continue to point toward sustained buying interest.

The overall technical structure remains constructive, suggesting that any dip could provide a favourable entry opportunity. Traders may consider entering long positions in the Rs 4,500-4,400 zone, with a target of Rs 5,000.

Strategy: Buy

Target: Rs 5,000

Stop-Loss: Rs 4,000

Vidnyan S Sawant, Head of Research at GEPL Capital

National Aluminium Company | CMP: Rs 434.2

NALCO continues to exhibit a strong structural uptrend across higher timeframes and has outperformed the broader market since April 2025, with the stock maintaining a pattern of higher tops and higher bottoms. On the weekly chart, the stock has broken out of a three-week tight consolidation, signalling a likely continuation of its primary uptrend.

It remains well positioned above its 12-week, 26-week, and 50-week EMAs, highlighting strong trend strength and a sustained bullish bias. Further, the Relative Strength Comparative (RSC) study continues to trend higher, with the ratio line trading above its average, reinforcing NALCO's ongoing outperformance versus the broader market.

Strategy: Buy

Target: Rs 467

Stop-Loss: Rs 419

Nippon Life India Asset Management | CMP: Rs 1,092.9

Nippon Life India has maintained a strong long-term uptrend since April 2023, characterised by a consistent formation of higher tops and higher bottoms on the monthly chart. The stock continues to respect its key moving averages, with corrective phases witnessing bullish mean reversion, highlighting the strength of the underlying trend.

Multiple bullish polarity shifts, where previous resistance levels have turned into support, further reinforce the positive price structure. In addition, the MACD remains in positive territory and is trending higher, indicating sustained bullish momentum.

Strategy: Buy

Target: Rs 1,205

Stop-Loss: Rs 1,050

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

Infosys | CMP: Rs 1,202.5

Infosys has taken support at its 20-day moving average and, despite the selling pressure witnessed last week, has managed to hold those levels. The stock bounced back sharply in the last trading session. The Nifty IT index also reversed sharply in the last trading session, signalling some short covering.

On the downside, Rs 1,160 is an immediate support level, and as long as those lows hold, the short-term trend remains positive. The stock has closed above the Rs 1,200 level, while the maximum pain and the highest Call open interest are also concentrated at the Rs 1,200 strike. This indicates a higher probability of short covering from current levels. Buying Infosys Futures in the Rs 1,200-1,210 range is recommended.

Strategy: Buy

Target: Rs 1,250, Rs 1,285

Stop-Loss: Rs 1,160

Zydus Lifesciences | CMP: Rs 1,091.2

Zydus Lifesciences has delivered a breakout from a multi-month consolidation, which is a bullish development for the stock going forward. The initial decline was driven by long unwinding, while the subsequent fall was caused by short build-up. This later turned into short covering, helping the stock break out above the falling trendline.

Following the breakout, the stock has witnessed fresh long build-up, supported by positive momentum in the sector. Additionally, the stock has held up well after its results, which is another encouraging sign. There is a significant Call base at the Rs 1,100 strike, while the maximum pain is at Rs 1,090. The stock is trading close to these levels, indicating that a breakout above them could trigger further upward momentum. Buying Zydus Lifesciences Futures on dips in the Rs 1,075-1,085 range is recommended.

Strategy: Buy

Target: Rs 1,160, Rs 1,200

Stop-Loss: Rs 1,045

HDFC Life Insurance Company | CMP: Rs 586.55

HDFC Life has formed a symmetrical triangle pattern. While the stock witnessed some short covering in the recent past, there was significant short build-up prior to that, and the prevailing trend remained negative. Hence, the short-term outlook for the stock remains bearish.

Although there has been significant put addition in the Rs 580-600 strike range, providing a strong base in the near term, recent Call additions at the Rs 600 strike indicate weakness until that level is decisively breached. Therefore, the short-term range is likely to remain between Rs 580 and Rs 600. A break below this range could lead to a decline toward the Rs 560-545 zone. Selling HDFC Life Futures in the Rs 590-595 range is recommended.

Strategy: Sell

Target: Rs 560, Rs 545

Stop-Loss: Rs 610

Somil Mehta, the Head of Retail Research at Mirae Asset ShareKhan

Godrej Properties | CMP: Rs 1,714.2

Godrej Properties declined from its 200-day moving average in May 2026 and has formed a five-wave decline from the high of Rs 1,956. From an Elliott Wave perspective, such a five-wave decline typically signals a shift to a bearish trend in the short to medium term.

More recently, the stock retraced nearly 61.8 percent of the prior decline, forming Wave B. However, the decline over the past two sessions, along with a close below key daily averages, suggests that this corrective phase has likely concluded and that the next leg down, Wave C, has begun. This could lead to further downside, with the stock potentially moving toward the Rs 1,645-1,620 range in the coming sessions. Selling Godrej Properties June Futures is recommended.

Strategy: Sell

Target: Rs 1,645, Rs 1,620

Stop-Loss: Rs 1,811

APL Apollo Tubes | CMP: Rs 1,788.3

APL Apollo Tubes recently faced selling pressure near its 40-day EMA and is currently trading below its 20-day DMA, 40-day DEMA, and 200-day DMA, indicating short-term weakness. Additionally, the stock has broken down from a triangle pattern, accompanied by a bearish crossover in the daily momentum indicator.

This suggests further downside potential, with the stock likely to drift toward the Rs 1,698-1,665 range in the coming sessions. On the upside, the Rs 1,820-1,830 zone is expected to act as a strong resistance area. Any pullback toward this zone could present an opportunity to initiate fresh short positions. Selling APL Apollo Tubes at the current market price or on a bounce toward Rs 1,820-1,830 is recommended.

Strategy: Sell

Target: Rs 1,698, Rs 1,665

Stop-Loss: Rs 1,900