Market Trading Guide: Buy Devyani International and Lemon Tree Hotels on Friday for up to 9% potential gains

Indian headline indices ended with gains on Thursday recording their sixth successive positive closing though the gains were modest. Auto and FMCG stocks dragged markets. Nifty traded in a narrow range of 25,050–25,150 throughout the day, reflecting limited volatility. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the sentiment remains positive, with the index comfortably holding above the short-term moving average. "The daily RSI is in a bullish crossover and trending higher. On the downside, support is placed at 24,800; as long as this level holds, a buy-on-dips strategy is likely to prevail. On the upside, resistance is seen at 25,250 and 25,500," De said.Here are 2 stock recommendations for Friday: Stock Ideas