The Nifty 50 benchmark index closed lower on Monday, ending at 23,946 after touching an intraday high of 24,100.
The decline marked a break in the index's two-day winning run, driven primarily by profit-booking activity among traders and institutional investors.
Livemint reported that experts have highlighted six stocks, including Trent and Torrent Pharma, as candidates for short-term gains over the next one to two weeks.
The pullback underscores the volatility inherent in the current market regime, where gains are frequently trimmed after short rallies.
Despite the broader index weakness, technical analysts are identifying specific pockets of strength.
Livemint reported that experts have highlighted six stocks, including Trent and Torrent Pharma, as candidates for short-term gains over the next one to two weeks.
These recommendations are based on technical indicators suggesting continued momentum for these specific names, even as the broader market consolidates.