New Delhi, April 20 -- Stocks to buy for the short term: Equity benchmarks, the Sensex and the Nifty 50, rose for the second consecutive week for the week ended April 17, rising by 1.2% and 1.3%, respectively.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, from its recent low of 22,200 on April 2, Nifty has rallied nearly 2,100 points, which shows strong buying momentum.

However, the index is now close to an important resistance area of 24,300-24,500. This means some investors may book profits here, which can cause short-term weakness.

"Because of this, a temporary correction towards 23,600-23,700 cannot be ruled out. Still, the bigger trend remains positive, so traders may consider ...