Market Trading Guide: Buy Prime Focus and Marico on Friday for up to 9% short term gains. Here’s why

Nifty ended its two-session winning trend to end lower on Thursday amid broad-based selling with financials, auto and IT among 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 short-term pressure. However, Nifty has managed to hold above the 20 EMA for the last three days, suggesting that the near-term range may remain tight. "The daily RSI continues to remain in positive territory. Going forward, the 25,480–25,500 zone remains a crucial support, while any pullback towards 25,875 is likely to face selling pressure. The index appears to be range-bound in the near term, while select individual stocks may outperform," De said.

Here are 2 stock recommendations for Friday:


Buy Prime Focus at Rs 267.4 | Upside: 9%

Stop Loss: Rs 255

Target: Rs 292

The stock has posted a consolidation range breakout with strong volume, indicating renewed buying interest. Trend confirmation comes from price trading above all major EMAs (20, 50, 100, and 200), signaling short-term and long term bullishness. Momentum remains positive, with RSI at 68, well above its 14-period average of 52.6, suggesting continued strength and upside momentum in the near term.

(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)

Buy Marico at Rs 748.3 | Upside: 7%

Stop Loss: Rs 722

Target: Rs 800

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

(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)

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