Market Trading Guide: Suven Life Sciences Leads Top 2 Stock Picks for Friday!

The Indian markets exhibited an upward trajectory as factors such as a reduction in tensions around the Strait of Hormuz pressured crude oil prices downward. Concurrently, dovish remarks from the Federal Reserve Chair have reinforced perspectives regarding moderating inflation and a generally supportive global interest rate environment. Looking ahead, market movement is anticipated to be influenced by pivotal upcoming events, including the US non-farm payrolls data, the discussions from the India–Japan summit, and the impending Q1FY27 earnings reports.

In this context, two stocks have been identified for potential investment. The first recommendation is NDR Auto, which has shown a meaningful breakout above its recent consolidation levels, indicating a resumption of its bullish trend following a prolonged base formation. The stock currently trades above all critical moving averages. Notably, the short-term moving averages are positioned above both the medium- and long-term averages, which reinforces the stock’s robust trend strength and persistent buying momentum. For investors, a buying zone has been set at Rs 891, with a stop-loss at Rs 834 and a target price of Rs 998.

The second recommendation is Suven Life Sciences, which has experienced a significant breakout above a long-term horizontal resistance zone, marking a substantial trend reversal after a long consolidation phase. The stock’s performance has positioned it firmly above all its key short-, medium-, and long-term moving averages, indicating strong price momentum and a positive shift in market sentiment. For this stock, the suggested buying zone is Rs 298, with a stop-loss of Rs 280 and a target price of Rs 335. Such strategic positioning may offer investors valuable opportunities within the current bullish market arc.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)