Market Trading Guide: HDFC Bank, Bharti Airtel among 7 stocks to buy on Thursday. Potential upside of up to 8% seen

India’s headline indices ended in the green on Wednesday amid buying action in most sectors but prominently in banks, auto and pharma stocks. Nifty has moved above the 21-day EMA on the daily timeframe, indicating an increase in bullish sentiment, supported by improved optimism following the trade deal between the US and Japan. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that the RSI on the daily chart is in a bullish crossover and rising above the 50 mark, further reinforcing the positive momentum. “In the short term, sentiment is likely to remain optimistic. On the higher side, Nifty may move towards 25,500, while support is placed at 24,900. A break below this level could weaken the current trend,” De said.Here are 7 stock recommendations for Thursday: Stock Ideas