Markets have started the week on a cautious note, reflecting rising pressure on the global economy. These tensions are expected to persist in the near term as US military actions expand and global travel advisories for US citizens remain in place. The collapse of the June ceasefire between the US and Iran has pushed crude prices to touch $90. Analysts said the probability of future rate hikes is increasing as inflation and global bond yields continue to trend higher. At the same time, the initial set of Q1 earnings has been encouraging, driven largely by PSU banks, oil and gas and metals.
Here are 2 stock recommendations for Friday
Jana SFB - Buy | Buying Zone: Rs 532 | Stop-loss: Rs 494 | Target: Rs 607
Jana Small Finance Bank has delivered a decisive breakout above a key horizontal resistance zone, supported by a strong bullish candle and a significant surge in trading volumes, indicating fresh buying interest. The stock is trading comfortably above its 20, 50, 100 and 200-day moving averages, confirming a strong bullish trend across multiple timeframes.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Lloyds Metals - Buy | Buying Zone: Rs 1908 | Stop-loss: Rs 1799 | Target: Rs 2096
Lloyds Metals and Energy has confirmed a decisive breakout above a key horizontal resistance zone after a healthy consolidation, signaling the continuation of its primary uptrend. The breakout is supported by sustained buying interest and healthy trading volumes, reflecting strong participation. The stock is trading comfortably above its 20, 50, 100 and 200-day moving averages, with all key averages aligned positively, reinforcing the bullish trend.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
