New Delhi, Sept. 22 -- Stocks to buy for the short term: The Nifty 50 closed last week with modest gains of nearly 1 per cent, extending gains to the third consecutive week. The rise in the market was aided by the US Fed's 25-bps rate cut and optimism around India-US trade ties.

According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, Nifty's close above 25,150 confirmed a breakout, establishing 24,400 as a strong bottom and shifting the market into a buy-on-dips mode.

Resistance is now seen at 25,500-25,650, with a decisive move above 25,650 likely to pave the way for new highs. Support rests at 25,150-25,000, said Patel.

Bank Nifty outperformed, climbing over 1 per cent on a weekly basis ...