Stocks to buy in the short term: The stock market saw a volatile week as the benchmark index swayed sharply in response to global clues and domestic policy developments.
After a volatile start, both Nifty and Bank’s Nifty rebounded, riding on the back of global trade tensions and easing supportive monetary policy.
On Thursday, April 17, 2025, a basket of 50 was able to recover most of the losses, up 1.77% at 23,851.65. Meanwhile, the Sensex index has grown by almost 2%, exceeding 1500 points to 78,553.
The gathering is led by the performance of equities in the banks, automobiles and real estate sectors.
Will this rally continue or should investors/traders face dip?
Going forward, analysts at Bajaj Broking hope that Nifty will target levels of 23,600 and 23,860 in the next session to maintain an upward trajectory. However, volatility could last for the ongoing tariff negotiations and the fourth quarter revenue season.
As long as the index exceeds 23,207, a positive outlook will be retained. That violation could result in temporary consolidation between 22,700 and 23,300.
Banknifty surpasses heading index
Bank Nifty surpassed the broader market, ralliing 4% a week, breaking the March high of 52,064. Analysts are focusing on a sharp recovery, with the index recognizing nine days of losses in just four trading sessions. This is a sign of structural strength.
Technically, the bank index continues to show resilience and is building on last month’s bullish breakout and maintaining a strong upward momentum, Bajaj Broking analyst added that the index is currently focusing on the 53,700-53,900 zones. Violations below the recent breakout level of 52,000 could lead to short-term integrations between 51,000 and 52,000, but the bias remains firmly positive.
Analysts recommend two stocks in the short term. Check your target
The brokerage recommends buying two LARGECAP and MIDCAP stocks on the three-month horizon. Here is a list of these two stocks:
Buy PSU Share: PNB | Entry Price: Rs 97–99 | Upward Possibility: 11%
Analysts recommend buying PSU Punjab National Bank (PNB) shares with a 3-month goal with a suspension loss at Rs 92. The specified target means a return of 11.69% from Thursday’s closure.
“Daily RSI has caused bullish crossovers, suggesting a further rise towards £111, which corresponds to the 50% retracement level of the previous downtrend,” according to Bajaj Broking.
Buy Midcap Share: Sterling and Wilson Renewable Energy | Range: Rs 276–283 | Expected Revenue: 12%
Another brokerage pick comes from the MidCap category. It is recommended to purchase renewable energy stocks of Sterling and Wilson over the same period with a target of Rs 326 at a standstill loss at Rs 249. Midcap stock could increase by up to 12.22% over the next three months, according to the brokerage.
“Sterling and Wilson Renewable Energy have formed a bullish double bottom breakout on their daily charts, backed by strong RSI momentum and support from the 20-day EMA at RSI 255,” said the brokerage.
“Inventory is expected to rise towards Rs 326, a predicted target based on the measurable meaning of the double bottom,” the analyst said.
(Disclaimer: The views/suggestions/recommendations expressed here in this article are made solely by investment experts. Zee Business suggests that readers consult their investment advisors before making any financial decisions.)
