New Delhi, July 17 -- Stocks to buy for the short term: The stock market benchmark Nifty 50 jumped about 0.70% to levels near 24,250 in morning trade on Friday, 17 July, a day after closing flat, amid intensifying US-Iran conflict, elevated crude oil prices, and mounting inflation fears.

While geopolitical tensions remain a key overhang, healthy Q1 earnings are limiting the downside.

Ajit Mishra, SVP of Research at Religare Broking, pointed out that the Nifty is holding above its key support of 24,050, where the 20-day EMA coincides with the rising trendline.

"On an immediate basis, a break below 24,050 could drag the index towards the crucial 23,800 level. On the upside, a decisive breakout above 24,200-24,300 may pave the way for an ...