Market Trading Guide: PNB Housing, IIFL Finance are top stocks to buy on Friday for up to 10% gains. Here’s why

Nifty ended its three-session winning streak on Wednesday amid selling pressure in IT and consumer stocks. The benchmark index witnessed volatility and low volumes ahead of the Christmas holiday on Thursday, December 25.

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said Nifty's marginally lower ending was due to profit booking in select sectors. "Overall, we expect Indian equities to trade in a narrow range this week amid a lack of triggers and reduced trading activity due to holidays across several global markets," he said.

Here are 2 stock recommendations for Friday:

Stop Loss: Rs 930

Target: Rs 1,040

PNB Housing has delivered a clear consolidation range breakout supported by good volume. The rise in volume along with price indicates strong buying interest. The stock is trading above all major EMAs of 20, 50, 100, and 200, suggesting short- and long-term bullishness. RSI stands at 64.83, above its 14-day average of 53.34, confirming positive momentum.

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

Stop-loss: Rs 570

Target: Rs 665

The stock is in a clear uptrend, consistently forming higher highs and higher lows. After a brief consolidation phase, it has delivered a fresh breakout supported by strong volume, indicating renewed buying interest. The bullish setup is further confirmed as the price is trading above all major EMAs of 20, 50, 100, and 200, reflecting strength across short- and long-term time frames. The RSI is positioned at 67.88, well above its 14-day average of 56.84, suggesting healthy momentum and continuation of the upward trend.

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