Stocks to Buy for Short Term: From SBI, ICICI Bank to LIC Housing Finance — Experts Suggest 6 Picks

By Admin

22 Apr, 2025

The Indian stock market has been on a winning streak, delivering solid gains over the past week. The Sensex has surged 5,561 points (7.5%), and the Nifty 50 has risen 1,726 points (7.7%), adding around ₹32 lakh crore to investors' wealth. On April 21, the Nifty reclaimed the 24,125 level, with analysts now expecting a rally up to 24,450–24,500 in the near term.

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty has broken above critical resistance at 24,100 and is comfortably positioned above its moving averages. Sentiment remains optimistic as long as the index holds above 23,850.

In this positive backdrop, market experts advise focusing on quality stocks while avoiding risky bets. Vishnu Kant Upadhyay from Master Capital Services and Hardik Matalia from Choice Broking have handpicked six short-term stock picks expected to perform well in the next 2–3 weeks.

1. State Bank of India (SBI)

• Previous Close: ₹816.70
  
  

• Target: ₹850, ₹860
  
  

• Stop Loss: ₹755
  
  

SBI has broken out of an inverse head and shoulders pattern, a bullish reversal signal. The neckline breakout above ₹780 was supported by strong volumes and price movement. It now trades above its 50-day and 200-day EMAs, confirming strength.

Expert Take: “Price sustaining above the neckline suggests further upside toward ₹850–₹860,” says Upadhyay.

2. ICICI Bank

• Previous Close: ₹1,409.80
  
  

• Target: ₹1,520, ₹1,540
  
  

• Stop Loss: ₹1,320
  
  

The bank stock broke past a strong resistance zone of ₹1,350–1,360. It now trades above all key EMAs, with RSI near 72 and a positive MACD crossover.

Expert Take: “A breakout from multi-month consolidation points to sustained buying interest. A buy-on-dips strategy is advisable,” says Upadhyay.

3. LIC Housing Finance

• Previous Close: ₹606.35
  
  

• Target: ₹658, ₹675
  
  

• Stop Loss: ₹562
  
  

LIC Housing Finance has confirmed an inverse head and shoulders breakout. It trades above all major EMAs and exhibits strong RSI and MACD indicators.

Expert Take: “The improving technical setup and volume patterns suggest a favourable risk-reward for positional traders,” adds Upadhyay.

4. C.E. Info Systems (MapmyIndia)

• Previous Close: ₹1,787.50
  
  

• Target: ₹1,950, ₹1,985
  
  

• Stop Loss: ₹1,705
  
  

MapmyIndia has been forming a base after a 45% correction. A breakout above ₹1,800 would confirm reversal. It’s trading above its 20-day and 50-day EMAs, nearing the 200-day EMA.

Expert Take: “Rising RSI and consolidation base near lows signal potential rally. Traders may consider buying now,” says Matalia.

5. IFCI

• Previous Close: ₹45.48
  
  

• Target: ₹51.50, ₹52.50
  
  

• Stop Loss: ₹42.50
  
  

IFCI is consolidating after a long downtrend, showing signs of accumulation. A breakout above ₹46 could unlock more gains.

Expert Take: “The stock is building momentum. A move above the 50-day EMA could further validate a bullish setup,” explains Matalia.

6. Vedant Fashions (Manyavar)

• Previous Close: ₹802.30
  
  

• Target: ₹890, ₹910
  
  

• Stop Loss: ₹757
  
  

Manyavar has corrected nearly 50% and is now forming a base. A breakout above ₹825 would indicate trend reversal.

Expert Take: “Short-term EMAs are turning supportive, and RSI is recovering. A breakout can lead to strong upside,” Matalia notes.

Final Thoughts

With the market riding a strong bullish wave, short-term investors can look for breakout opportunities in fundamentally and technically sound stocks. These expert-recommended picks—ranging from banking to housing finance and technology—offer promising risk-reward setups. However, as always, using stop losses and proper position sizing remains crucial.