Market Trading Guide: Jindal Steel, DCB Bank are among stocks to buy on Friday for up to 4% upside in short term – Stock Ideas

Indian markets managed to end with gains on Thursday notwithstanding a monthly expiry. IT, auto and bank stocks lifted the markets but the winners were metal stocks. Nifty witnessed a volatile session even as the momentum continues to remain weak.

Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the RSI is still pointing downward, indicating a weak momentum. “The next crucial support is at 24,670. If the index falls below this level, a sharp correction may occur, potentially dragging the index down to 24,400/ 24,300. On the other hand, if Nifty holds above 24,670, it could witness a smart recovery towards 25,000 or 25,150 in the short term.”

Here are 2 stock recommendations for Friday:

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