​Market Trading Guide: Buy RIL, Max Financial and 2 other stocks on Monday for up to 10% near-term gains

India’s benchmark index Nifty ended lower on Friday amid a global sell-off and rupee weakness. Selling pressure was broad-based, with financials, metals, and realty stocks hit the hardest. The index has also slipped below the 21 EMA on the hourly chart, indicating potential further weakness in the coming sessions.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said a bearish Harami pattern formed on Nifty’s hourly chart on Thursday, leading to a sharp decline over the last two days. “The hourly RSI is in a bearish crossover and continues to fall. Sentiment may remain challenging for bulls in the near term, as the decline could extend towards the 25,920–25,900 zone. On the higher side, resistance is placed at 26,166; a move above this level may improve sentiment,” De added.Here are four stock recommendations for Monday: Stock Ideas