Indian markets found much-needed relief after the US Treasury stepped in to contain the surge in global bond yields, triggering a strong broad-based rebound and ending the domestic market's week-long losing streak. Analysts say the near-term outlook is likely to hinge on the direction of global yields, energy prices and geopolitical developments, with sustained stability needed to keep earnings momentum and foreign inflows intact.
Here are two stock recommendations for Friday
GMR Airports - Buy | Buying Zone: 102-103 | Stop-loss: Rs 98 | Target: Rs 112
GMR Airports has retraced to the 50% Fibonacci level near 101 after peaking at 115.56, with volumes drying up through the pullback — a constructive sign of orderly profit-booking rather than distribution. The stock holds comfortably above its rising long-term moving average, and weekly RSI has cooled to
neutral territory. Support sits at 98, with resistance seen near 112. A bounce from this retracement zone looks likely.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Bajaj Consumer Care - Buy | Buying Zone: 500-502 | Stop-loss: Rs 480 | Target: Rs 540
Bajaj Consumer Care has rebounded sharply off the 470–490 shelf that capped prices through April- May, reversing with a 3.4% gain on improving volumes. The stock continues to hold well above its rising 200-day moving average, while RSI has turned up from oversold territory. Support rests at 480, with immediate resistance placed near 540. A sustained close above that opens further upside.
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)
