Indian markets ended higher as easing tensions around the Strait of Hormuz pushed crude prices lower, while dovish remarks from the Fed Chair reinforced expectations of moderating inflation and a supportive global rate environment. Going forward, analysts say the market direction will be driven by the US non-farm payrolls data, the developments from the India–Japan summit, and the incoming Q1FY27 earnings results.
Here are two stock recommendations for Friday
NDR Auto - Buy | Buying Zone: Rs 891 | Stop-loss: Rs 834 | Target: Rs 998
NDR Auto Components has delivered a decisive breakout above its recent consolidation range, signalling the resumption of its bullish trend after a prolonged base formation. The stock is trading above all key moving averages, with the short-term averages positioned above the medium- and long-term averages, indicating strong underlying trend strength and sustained buying momentum.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Suven Life - Buy | Buying Zone: Rs 298 | Stop-loss: Rs 280 | Target: Rs 335
Suven Life Sciences has delivered a decisive breakout above a long-term horizontal resistance zone, confirming a significant trend reversal after an extended period of consolidation. The stock is trading firmly above its key short-, medium-, and long-term moving averages, reflecting strong price strength and improving market sentiment.
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)
