The Indian stock market has recently experienced a notable surge, with the Nifty 50 index climbing 4% over the past two trading sessions. This uptrend comes as trade war concerns ease and expectations grow that India will be less affected by Trump’s tariffs. Positive macroeconomic indicators, including a decrease in retail inflation, are further bolstering investor confidence. According to the Ministry of Statistics and Programme Implementation (MoSPI), retail inflation dipped to 3.34% in March 2025, the lowest level since August 2019. This figure is a drop from 3.61% in February and 4.85% a year earlier, raising hopes for potential rate cuts by the Reserve Bank of India.
Positive Investor Sentiment
Foreign institutional investors (FIIs) have shown renewed interest in Indian equities, marking a significant turnaround. In the latest session, FIIs purchased shares worth ₹6,065.78 crore in the cash segment, indicating a shift in market dynamics. Despite these positive developments, the uncertainty surrounding U.S. tariff policies remains a challenge for the market.
Experts recommend focusing on high-quality stocks while steering clear of overly aggressive investments. Notable analysts such as Vishnu Kant Upadhyay from Master Capital Services and Mandar Bhojane from Choice Broking have identified six stocks to consider for short-term trading opportunities over the next 2-3 weeks.
Top Short-Term Stock Picks
1. Power Grid Corporation of India
- Previous Close: ₹304.55
- Target Price: ₹330 – ₹335
- Stop Loss: ₹282
Power Grid has demonstrated a bullish trend, breaking above a significant resistance level. The stock has also reclaimed all key exponential moving averages, suggesting strong support. Upadhyay notes that with the stock’s recent momentum, it could rally towards ₹330 and ₹335 soon.
2. Poonawalla Fincorp
- Previous Close: ₹382.25
- Target Price: ₹408 – ₹419
- Stop Loss: ₹336
Poonawalla Fincorp has surged past a previous swing high, indicating a strong bullish breakout. The stock remains well above all major EMAs, and indicators highlight a positive trend. Upadhyay believes the stock could continue its ascent towards ₹408 and ₹419.
3. Housing & Urban Development Corporation (HUDCO)
- Previous Close: ₹219.14
- Target Price: ₹242 – ₹248
- Stop Loss: ₹195
HUDCO has recently broken above a trendline that had been a barrier for months. The stock’s breakout is supported by increased volume and positive price action. Upadhyay suggests that maintaining a position above ₹206 could allow for potential gains towards ₹242 and ₹248.
Additional Stock Recommendations
4. Bharat Dynamics
- Previous Close: ₹1,404.90
- Target Price: ₹1,600
- Stop Loss: ₹1,300
Bharat Dynamics has shown a strong bullish reversal by breaking out from a double-bottom pattern. Rising volumes back this trend, and the stock is trading above its key EMAs. Bhojane recommends entering at current levels to capitalize on potential gains.
5. HDFC Life Insurance Company
- Previous Close: ₹704.70
- Target Price: ₹800
- Stop Loss: ₹660
HDFC Life has broken out from a classic bullish pattern, supported by robust trading volumes. The stock’s movement above key moving averages reinforces its upward potential. Bhojane suggests a close above ₹705 would confirm the bullish trend.
6. Max Financial Services
- Previous Close: ₹1,195.30
- Target Price: ₹1,300
- Stop Loss: ₹1,150
Max Financial Services is currently in a strong bullish phase, having broken out from a consolidation pattern. The stock’s consistent performance and positive momentum indicators suggest further upside potential. Bhojane believes a breakout above ₹1,212 could propel the stock towards ₹1,300.
Conclusion
With the Indian stock market’s recent upswing, investors have a range of promising stocks to consider for short-term trading. By focusing on quality investments and employing effective risk management strategies, traders can navigate the current market landscape successfully. For more insights and market updates, stay tuned to our coverage.
