Stocks To Buy: Indian Hotels, Zensar Technologies, Max Healthcare can give return up to 12%

The Nifty 50 displayed resilience as it maintained strength following a positive start on March 27, closing above the crucial level of 22,100. Supported by a bullish crossover in the RSI indicator, the short-term momentum remains favorable.

As long as the Nifty 50 sustains above the 22,000 mark, the outlook remains positive, with potential upside targets of 22,300 and beyond in the short term.

Meanwhile, the Bank Nifty witnessed consolidation but showed signs of bullish momentum later in the session. Despite closing slightly below its 20-day moving average (20DMA) of 46,950, a decisive breakthrough above this level could trigger significant short-covering activities, potentially propelling the index towards the 48,000 mark.

In terms of support, the Bank Nifty is expected to find stability in the 46,500-46,400 range. However, a breach below this range could amplify selling pressure.

Here are three recommended buy calls for the short term:

Zensar Technologies: Buy | LTP: Rs 609 | Stop-Loss: Rs 590 | Target: Rs 650 | Potential Return: 7 percent

Having surpassed the previous swing high on the daily chart, Zensar Technologies exhibits heightened optimism among traders. The stock’s price has also moved above critical short-term moving averages, confirming its uptrend. With the RSI indicator showing bullish momentum, the stock may aim for higher levels around Rs 650 in the short term, with support at Rs 590.

Max Healthcare Institute: Buy | LTP: Rs 802 | Stop-Loss: Rs 774 | Target: Rs 900 | Potential Return: 12 percent

Max Healthcare Institute has recently broken out of consolidation, indicating increasing confidence among investors. This breakout is accompanied by rising volumes, suggesting strong participation. With the stock crossing above key short-term moving averages and the RSI indicating bullish sentiment, a rally towards Rs 900 seems plausible in the short term, with support at Rs 774.

Indian Hotels: Buy | LTP: Rs 586 | Stop-Loss: Rs 574 | Target: Rs 630 | Potential Return: 7.5 percent

Following a period of consolidation, Indian Hotels experienced a breakout and subsequent rally, signaling growing optimism. Supported by significant volume upticks and crossing above crucial moving averages, the stock appears bullish. With the RSI displaying a bullish crossover, the stock could target Rs 630 in the short term, with support at Rs 574.