Experts Recommend Five Stocks for Near-Term Gains

Market Volatility Continues Amid Middle East Tensions and Rising Oil Prices

The Indian stock market benchmarks, the Sensex and the Nifty 50, traded volatilely on Tuesday, 26 May, as investors remained cautious due to recent developments in the Middle East and a jump in oil prices. Oil prices surged after US forces conducted strikes in southern Iran against targets, according to media reports. Brent Crude traded above the $98 per barrel after falling below $96 per barrel in the previous session.

The Nifty 50 hit an intraday high and low of 24,077 and 23,966, respectively, during the session. Experts believe that if the Nifty 50 breaks below 23,800, the consolidation phase may resume.

Stock Picks for the Short Term

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Vishnu Kant Upadhyay of Master Capital Services and Sachin Gupta of Choice Broking recommend the following five stocks to buy for the next 1-2 weeks.

NMDC

NMDC continues to display a positive technical structure after sustaining above its breakout zone near ₹86. The stock remains in a broader uptrend, consistently forming higher highs and higher lows while trading above all its key moving averages. Recent price action indicates healthy consolidation after the sharp rally toward ₹94, with support emerging near the 21 EMA. Volume activity has remained stable during the pullback, suggesting no aggressive profit-taking.

Read also: Nifty 50 Faces Uphill Battle Against Bank Nifty as Trading Remains Range-Bound

Piramal Pharma

Piramal Pharma is maintaining a technically strong setup after breaking out from a declining trend line, signalling a potential trend reversal. Prior to this, the stock had already confirmed an inverse head and shoulders breakout above ₹170 with a sharp expansion in volumes, highlighting strong accumulation.

Bank of India

Bank of India stock is witnessing improving technical momentum after decisively negating the earlier head and shoulders bearish structure through a sustained consolidation above the horizontal support of ₹136. The stock has now given a breakout from this consolidation range while also reclaiming all its key moving averages, indicating strengthening trend dynamics across timeframes.

Thyrocare Technologies

Thyrocare Technologies is maintaining a strong uptrend and trading near ₹493 with steady buying momentum. The stock remains well above its 50-day and 200-day moving averages, showing that the overall trend is still positive.

Paras Defence and Space Technologies

Paras Defence is showing strong bullish momentum after a sharp recovery from the ₹730-₹745 support zone. The stock has bounced back quickly and is now trading near ₹855, indicating fresh buying interest at lower levels.