Nifty began 2026 on a lacklustre note, ending flat on Thursday, though the bias was positive. Auto stocks swung into action as companies declared their December sales.
Looking ahead, Ajit Mishra, Senior Vice President – Research at Religare Broking, expects the index to gradually emerge from the prevailing consolidation phase. “A decisive breakout above the 26,200 level could pave the way for a move towards the 26,500–26,700 zone in the near term. Traders are advised to maintain a positive bias and adopt a buy-on-dips strategy, preferring banking, auto and metal stocks, while continuing to focus on disciplined risk management,” he said.
Here are 2 stock recommendations for Friday: