Stocks to buy for short term: From BEL to Jindal Steel— Ajit Mishra of Religare Broking suggests 3 technical picks

Key Highlights

• Global markets rallied overnight, and this positive momentum spilt over into domestic equities, leading to short-covering and renewed buying interest across sectors," Ajit Mishra, SVP of Research at Religare Broking, observed.
• Mishra highlighted that the Nifty is hovering around its long-term moving average, the 200-day DEMA near the 25,150 level.
• Mishra emphasised that sustaining above the 25,150 level will be crucial for any further recovery towards the 25,600 mark.
• If the index fails to sustain it, the downtrend may resume, with the next support in the 24,750–24,900 range.
• Mishra suggests investors should focus on risk management and pick stocks with strong technical and fundamental at this juncture.