Experts Recommend Five Stocks for Short-Term Gains: Aegis Logistics, CG Power, and NBCC Among Top Picks

Market Volatility Continues: Nifty 50 Falls for Fourth Consecutive Session

The Indian stock market benchmark, Nifty 50, ended its fourth consecutive session in the red on Monday, June 1, closing 0.70% lower at 23,382.60. The index has shed nearly 3% over the past four sessions, as investors remain cautious due to ongoing US-Iran peace deal negotiations, oil price volatility, and strong foreign capital outflow.

The RBI's monetary policy decision this week and its outlook on growth and inflation will also influence market sentiment. Despite reports suggesting that Iran has suspended talks with the US, President Donald Trump stated on Monday that negotiations are continuing at a rapid pace.

From a technical perspective, the Nifty 50 continues to trade below its 21 EMA and 55 EMA, reflecting a negative short-term trend. According to Vishnu Kant Upadhyay, AVP- Research and Advisory at Master Capital Services, the breach of the rising trendline below 23,600 has further weakened the chart structure and reinforced the bearish bias.

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

Short-Term Stock Picks

Vishnu Kant Upadhyay and Aakash Shah, a technical analyst at Choice Broking, recommend the following five stocks to buy for the next 1-2 weeks:

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Aegis Logistics

Vishnu Kant Upadhyay highlighted that Aegis Logistics has witnessed a strong breakout above ₹745, completing an inverse head and shoulders pattern on the daily timeframe. The move was accompanied by significant volume expansion, indicating strong market participation.

CG Power and Industrial Solutions

Upadhyay pointed out that CG Power has surpassed its previous lifetime high of ₹880, signalling continued trend expansion and opening the door for further price discovery. The stock has maintained a robust higher-high, higher-low structure, reflecting sustained bullish momentum.

NBCC (India)

According to Upadhyay, NBCC (India) has cleared its historical resistance around ₹100, completing a well-defined inverse head and shoulders pattern on the daily chart. The move was accompanied by a sharp pickup in volumes, indicating strong accumulation and improving market participation.

Shaily Engineering Plastics

Aakash Shah highlighted that Shaily Engineering Plastics has delivered a decisive breakout above the crucial ₹2,800 zone, which marked its previous all-time high and acted as a major resistance level for several months. The breakout has been accompanied by exceptional price action, with the stock rallying nearly 17-18% in just two trading sessions.

JBM Auto

Shah said JBM Auto is showing signs of renewed strength after successfully taking support near its 50-day and 200-day EMA cluster, a zone that has historically acted as a strong demand area. The stock has managed to reclaim and close above its 20-day EMA, indicating a shift in short-term momentum in favour of the bulls.