New Delhi, July 7 -- Stocks to buy for the short term: Frontline equity indices, the Sensex and the Nifty 50, extended their winning streak for the fourth consecutive session on Monday, as lower oil prices, buying by foreign portfolio investors, and the revival of monsoon underpinned sentiment.

The index traded with a positive bias throughout the day but witnessed resistance near the 200-day EMA around 24,460.

Vishnu Kant Upadhyay, AVP- Research at Master Capital Services, said the undertone remains bullish as the index continues to sustain above the 24,200 breakout level.

Upadhyay added that the 21-day EMA has crossed above the 55-day EMA, indicating strengthening short-term momentum, while RSI has improved to 65.

"Going ahead, 24,60...