The Indian stock market has shown remarkable resilience, with the Nifty 50 index bouncing back from key supports near 25,700-25,800. On December 19, the index traded firmly in the 25,950-26,000 zone, gaining nearly 0.5-0.6% intraday, while broader market sentiment improved.
The 50-stock index extended its gains on Monday and regained the 26,000 levels decisively, touching an intraday high of 26,148.40. Mid-cap and Small-cap indices outperformed, reflecting a reversal of strength and renewed buying interest following declines, which helped stabilize overall market breadth.
According to a senior technical research analyst, the Indian stock market sentiment is bullish, despite the Nifty 50 index trading in a narrow range with an upside on Monday. The overall chart pattern indicates a decisive breakout of a crucial hurdle and a breakout from a converging triangle around the 25,900 to 26,000 levels.
For short-term stocks to buy, the following shares are recommended:
Remember, this is a perspective, not a prediction. Do your own research and consult with certified experts before making any investment decisions.
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