New Delhi, Dec. 22 -- Stocks to buy for the short term: The Indian stock market benchmark Nifty 50 ended the week in the red, extending its weekly losing run to the third consecutive week. For the week ended Friday, December 19, the Nifty 50 slipped by 0.31% even as the index clocked a healthy gain of 0.58% to end at 25,966.40 on Friday. On a monthly scale, the benchmark index is down by about 1%, looking set to snap its three-month winning streak.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, pointed out that the week gone by was marked by choppy yet constructive price action, where dips were quickly absorbed, and selling pressure failed to accelerate. The Nifty eventually settled ar...