New Delhi, Oct. 8 -- Top stocks to buy for the short term: The Indian stock market suffered significant losses on Wednesday after the RBI hiked the repo rate by 25 basis points and signalled more hikes were possible in the coming policy meetings.

The Nifty declined 0.76% to end at 22,603, forming a bearish candle on the daily chart, suggesting the possibility of further weakness.

According to Amol Athawale, VP - Technical Research at Kotak Neo, for day traders, 22,700 will remain a crucial resistance zone.

"As long as the market trades below this level, sentiment is likely to stay weak. On the downside, it may retest the 22,450-22,400 range. Conversely, a sustained move above 22,700 could extend the pullback toward 22,800-22,850. The c...