Stocks to buy for short term: Sumitomo Chemical, Coforge among 5 shares experts recommend for next 1-2 weeks

Stocks to buy for the short term: The stock market benchmark Nifty 50 dropped more than half a per cent to retreat to levels below 24,050 in intraday deals on Tuesday, 14 July, due to escalating tensions in the Middle East, a jump in crude oil prices, and concerns over rising retail inflation.

The index has a key support near 24000, which is the confluence of its 21-day and 55-day EMAs.

As per experts, if the index manages to hold this crucial support, it may maintain its positive bias.

However, escalating tensions in the Middle East and Brent crude near $85 per barrel remain key headwinds as they have raised concerns over inflation and higher global interest rates.

As per Vishnu Kant Upadhyay, AVP- Research at Master Capital Services, the Nifty 50 is likely to remain range-bound in 23,800 to 24,550 with a sideways to higher tendency. Every fall can be seen as an opportunity to build fresh long positions.

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

As per Upadhyay, Sumitomo Chemical share price has confirmed a breakout from an inverted head and shoulders pattern, backed by strong volume participation, indicating fresh buying interest.

The stock is trading comfortably above its 50-day and 100-day EMAs, reinforcing the prevailing uptrend.

Momentum indicators remain supportive, with the MACD in positive territory, suggesting strength is likely to continue.

"The breakout, along with improving price structure and sustained momentum, points towards further upside to ₹595," said Upadhyay.

Upadhyay pointed out that Home First Finance share price has confirmed a breakout above its falling trendline and a key horizontal resistance zone, signalling a potential trend reversal.

The stock has staged a strong recovery from lower levels, supported by sustained accumulation and a sharp pickup in trading volumes, reflecting renewed buying interest.

"It is also trading above its 50-day and 100-day EMAs, reinforcing the positive price structure. The breakout, backed by healthy volume participation and improving momentum, suggests the stock is well placed to extend its uptrend," said Upadhyay.

Upadhyay highlighted that Aptus Value Housing Finance share price has formed a bullish inverted head and shoulders pattern, indicating a potential trend reversal after a prolonged correction.

The stock is trading above its 50-day and 100-day EMAs following a positive moving average crossover, reflecting strengthening price momentum.