Stocks to buy or sell: Ajit Mishra of Religare Broking recommends 3 names for short-term trading

Indian markets closed higher with Sensex up 238 points at 76,741.82 and Nifty 50 gaining 81 points at 23,962.80, while broader markets outperformed with Nifty Midcap 100 and Smallcap 100 rising 1.38% and 1.80% respectively. Ajit Mishra of Religare Broking expects Nifty to consolidate within a 23,650-23,800 support and 24,150-24,400 resistance band, advising a cautious stance with preference for pharma, realty, and select banking names. He recommends buying M&M Financial Services and Sun Pharma on bullish technical breakouts, while suggesting short positions in Indian Energy Exchange for the next 1-2 weeks.