LargeCap PSU and mid-cap stocks will be purchased in the short term, up to 12%; note the target
Short-term stock purchases: Stocks have had a turbulent week, with benchmark index swinging sharply in response to global tips and domestic policy developments.
After a shaky, beautiful and beautiful rebound of banks has ridden on the back of easing global trade tensions and supporting monetary policy.
Thursday, April 17, 2025, the 50 script basket managed to recover most of its losses, closing at 23,851.65, an increase of 1.77%. The Sensex index ended by nearly 2%, or more than 1500 points to 78,553.
The rally is led by performances from the bank, automobile and real estate sector stocks.
Will this gathering continue? Or do investors/traders have to face tilt?
Looking ahead, Bajaj Broking analysts expect Nifty to keep its upward trajectory at 23,600 and 23,860 levels in the upcoming courses. However, volatility may continue due to ongoing tariff negotiations and an evolving fourth-quarter revenue season.
As long as the index stays above 23,207, the positive outlook can trigger temporary integration between 22,700 and 23,300.
Bank Nifty exceeds title index
Nifty Bank outperformed the broader market, cumulatively 4% of the week, violating the March high of 52,064. Analysts noted that in just four trading courses, the index recovered for 9 days of losses, a sign of structural strength.
Technically, the banking index continues to show resilience, based on last month’s bullish breakout and maintaining a strong upward momentum, Bajaj Broking analysts said the index is now focusing on 53,700-53,900 regions, driven by subsequent purchases. Violations below the recent 52,000 breakthrough level could lead to short-term consolidation between 51,000 and 52,000, although bias remains firmly positive.
Analysts recommend two stocks in the short term; check the target
The brokerage firm recommends buying two large stocks and medium-cap stocks, with a horizon of 3 months. Here is a list of these two stocks:
PSU Share to Buy: PNB | Entrance Price: Rs 97–99 | Upward Potential: 11%
Analysts recommend buying PSU Punjab National Bank (PNB) shares with a three-month target of Rs 111 and a stop loss of Rs 92 as the stock rose from its high price in May 2024 and closed above the supply line above its 50-day EMA. A given target means a return of 11.69% over Thursday.
According to Bajaj Broking, the daily RSI also triggered a bullish crossover, indicating a further upward towards Rs 111, which corresponds to a 50% retracement level of its previous downtrend. ”
Medium stocks to buy: Sterling and Wilson Renewables | Range: Rs 276–283 | Expected return: 12%
Another option for brokers is from the medium CAP category. It recommends buying Sterling and Wilson renewable energy stocks at a target of Rs 326, with a stop loss of Rs 249. According to the broker, stocks in mid-cap stocks could rise to 12.22% over the next 3 months.
According to the brokerage, “Sterling and Wilson’s renewable energy has formed a bullish double bottom break on the daily chart and is backed by strong RSI momentum and 20-day EMA close to Rs 255.”
“The stock is expected to climb to Rs 326 based on the measurement of double bottom bottoms,” analysts said.
(Disclaimer: The views/advices/advices expressed here in this article are only by investment experts. Zee Business recommends that its readers consult their investment advisors before making any financial decisions.)
