Frontline Indian equity indices extended their winning streak for a fourth consecutive session on Monday, buoyed by lower oil prices and sustained buying from foreign portfolio investors.
The Sensex and Nifty 50 advanced as market sentiment remained constructive, with technical analysts identifying specific short-term opportunities in key sectors.
Jigar Patel, a strategist at Anand Rathi, recommended Maruti Suzuki and Tata Steel as short-term buys for the coming one to two weeks.
The recommendations are based on technical analysis indicating favorable setups for quick gains.
Patel also highlighted a third unnamed equity, though details were not disclosed in the initial report.
Amol Athawale, a technical analyst at Kotak Securities, echoed the bullish outlook, recommending three Indian stocks for short-term trading over the same horizon.