Market Trading Guide: Buy Waaree Energies, Nykaa and 3 smallcap stocks on Friday. Up to 23% upside seen

Indian headline indices ended with sharp cuts on Thursday as US tariffs and monthly expiry weighed on markets. Bears remained at the helm as the index slipped below the 100-EMA on the daily chart, confirming a short-term bearish trend.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty index broke down from its recent consolidation, signaling increasing weakness. However, a positive divergence is visible on the hourly chart after a steep fall, suggesting the possibility of a small bounce-back before further decline. “The market has shifted from a ‘buy on dips’ setup to a ‘sell on rise’ opportunity over the past few days. In the current fast-changing dynamics, staying light appears to be a prudent strategy. On the higher side, resistance is placed at 24,650/24,850, while on the lower side, support is seen at 24,480/24,300,” De said.Here are 5 stock recommendations for Friday: Stock Ideas