The Indian market may stabilize on Thursday owing to mixed global cues. The Sensex index dropped more than 200 points and Nifty50 dropped below 18,300 on Wednesday due to rising volatility. The immediate trading range could be between zones of 18,150 to 18,400. A higher upper shadow with a long pin bar formation was observed, indicating pressure in higher zones. Engineers India, NBCC and KPIT Technologies are a few stocks that can be bought for short-term trading.