Market Trading Guide: L&T Finance, CAMS are buy recommendations for Friday for up to 15% upside in short term – Stock Ideas

Indian benchmark indices ended Thursday with gains led by pharma, realty and metals stocks with IT and financials also chipping in. It was the second successive positive closing for headline indices. The index remained volatile within a range throughout the day, failing to establish a clear directional move as range-bound trading continued.

Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that a golden crossover is visible on Nifty’s daily chart, indicating the potential for a strong uptrend in the short term. “On the 2-hour chart, the RSI has formed a positive crossover, suggesting bullish momentum in the near to short term. Support continues to hold at 24,500; unless the Nifty breaks below this level, a serious correction is unlikely. On the contrary, a steady or even sharp recovery appears possible in the near term,” De said

Here are 2 stock recommendations for Friday:

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