Day Trading Guide: 3 stock recommendations for Friday – Stock Ideas

The benchmark indices ended with gains after a 4-day losing streak amid last-hour buying in Reliance Industries, telecom and energy stocks.

The 30-share pack Sensex added 427.79 points or 0.78 per cent to end the session at the day’s high at 55,320.28. Its broader peer, Nifty50, rose 121.85 points or 0.74 per cent to reclaim the 16,450 mark.

Rupak De, Senior Technical Analyst at LKP Securities, said the daily RSI is in bullish crossover and rising. “Over the near term, the trend may remain positive as long as it remains above 16,400. On the higher end, resistance is visible at 16,600/16,800,” he said.

Here are the three stock recommendations which analyst suggests:

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