Market Trading Guide: Buy Prime Focus and Marico on Friday for short-term gains of up to 9%. This is why

Nifty reversed its two-session winning trend to end lower on Thursday amid broad selling with financial, auto and IT sectors among the major laggards. The index closed below the 50 DMA for the third consecutive session.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty ended the session on a negative note, indicating near-term pressure. However, Nifty has managed to hold above the 20 EMA for the past three days, indicating that the range may remain tight in the near term. “The daily RSI remains positive. Going forward, the 25,480-25,500 zone remains a crucial support, while any decline towards 25,875 is likely to face selling pressure. The index appears to remain within a range in the short term, while select individual stocks may outperform,” De said.

Here are 2 stock recommendations for Friday: Buy First focus at Rs 267.4 | Benefit: 9%

Stop loss: Rs 255

Target: Rs 292

The stock has broken through the consolidation range on strong volume, indicating renewed buying interest. The trend confirmation comes from price trading above all major EMAs (20, 50, 100, and 200), indicating short- and long-term bullishness. Momentum remains positive, with an RSI of 68, well above the 14-period average of 52.6, indicating continued strength and near-term upside momentum.(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

Buy Marico at Rs 748.3 | Benefit: 7%

Stop loss: Rs 722

Target: Rs 800

The stock has broken its downtrend line on strong volume, indicating a possible trend reversal. This move is well supported as the price is trading above all major EMAs (20, 50, 100, and 200), confirming short- and long-term bullish strength. Momentum is also improving, with the RSI at 53.91 trading above the 14-period average of 45.45, indicating growing buying interest and room for further upside continuation.

(Kunal Kamble, Senior Technical Research Analyst, Bonanza Portfolio)

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of Economic Times)