Indian equity benchmark Nifty ended the session almost unchanged at 24,636 after a subdued and range-bound trading session. The index opened at 24,641 and traded within a narrow range of 24,604–24,677, reflecting a lack of directional conviction throughout the day. Intraday price action remained confined within a tight consolidation band, with neither buyers nor sellers establishing clear dominance. Despite the muted session, analysts said Nifty continued to hold above its key moving averages on the daily chart, indicating that the broader bullish structure remains intact.
Here are 2 stock recommendations for Friday
Tata Technologies - Buy | Buying Zone: Rs 801-802 | Stop-loss: Rs 750 | Target: Rs 900
The stock has given a strong breakout above a falling trendline and is trading above all major EMAs, confirming a bullish trend. RSI has moved above 60, indicating strengthening momentum, while robust volumes support the breakout. Positive price action suggests further upside in the near term.
Virat Jagad, Sr Technical Research Analyst at Bonanza
AIIL - Buy | Buying Zone: Rs 596-597 | Stop-loss: Rs 560 | Target: Rs 660
The stock has broken out of a recent consolidation and is sustaining above its major EMAs, indicating improving trend strength. RSI is above 60 with positive momentum, while rising volumes confirm fresh buying interest. Strong price action favors continuation of the ongoing uptrend.
Virat Jagad, Sr Technical Research Analyst at Bonanza
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
