Stock Picks for Friday:

The stock market continues to show signs of weakness, as the Nifty 50 index closed 0.40% lower at 25,111.45 on Thursday, influenced by global market trends. The Bank Nifty also followed a downward trend, ending 0.59% lower at 56,828.80. The IT sector was one of the biggest contributors to the market’s decline, while sectors such as Realty, FMCG, and Metals managed to show some growth. In the broader indices, mid and small-cap stocks ended slightly lower as well.

Stock Picks for Friday:

Market Sentiment and Short-Term Outlook

As for Friday’s trade setup, there’s a visible consolidation pattern in the market, suggesting a weakening bullish momentum. Analysts predict that the Nifty may fall towards the 24,920–24,900 range in the short term, with 25,260 acting as a key resistance level. The Bank Nifty’s short-term support is projected in the 56,000–55,500 region.

Global Factors and Q1 Earnings

Several global factors have put pressure on the market, including uncertainty surrounding US Federal Reserve Chair Jerome Powell’s future and persistent foreign fund outflows. The performance of heavyweight stocks like Infosys, HDFC Bank, and Reliance Industries has also contributed to the downturn. As Q1 earnings reports for companies such as Axis Bank, Wipro, and LTI Mindtree are due, analysts expect the market to consolidate in the near term. However, there is cautious optimism regarding rural demand recovery and sector-specific growth in healthcare and infrastructure.

Top Stocks to Watch

For intraday trading on Friday, analysts have recommended the following eight stocks to buy:

1. Thomas Cook (India) – Buy at ₹177.9, target ₹188.

2. Time Technoplast – Buy at ₹472, target ₹500.

3. Axis Bank – Buy at ₹1160, target ₹1210.

4. Punjab National Bank – Buy at ₹115, target ₹122.

5. National Aluminium – Buy at ₹189, target ₹198.

6. Welspun Corp – Buy at ₹931.90, target ₹975.

7. Prestige Estates – Buy at ₹1783, target ₹1865.

8. VA Tech Wabag – Buy at ₹1498, target ₹1565.

Investors are advised to consult with certified experts before making any investment decisions, as the market conditions remain volatile.

Disclaimer:

The recommendations provided are based on individual analysts’ opinions and not from Big TV. Always seek expert advice before making financial decisions.

Also Read:8 Quick Breakfast Ideas for Busy Mornings

Share

• 
• 
• 
• 
• 
•