Market Trading Guide: MandM, PNB and Titagarh Rail among 8 stocks to buy on Thursday. Up to 15% upside seen in near term

India’s headline indices ended flat on Wednesday, though the bias was positive. The gains in IT, auto and banks were neutralised by pharma and metal stocks. The sentiments are likely to remain bullish as long as Nifty remains above 25,000 on a closing basis.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty continues to face resistance at the crucial level of 25,260, which is the 38.20% Fibonacci retracement of the recent decline from 25,669, indicating indecision among investors at the higher level. “On the daily chart, the index has been sustaining above the 50-day moving average (50DMA), signifying a positive short-term trend. On the higher side, a decisive move above 25,260 could trigger a rally towards 25,500 and beyond,” De said, suggesting a buy on dips strategy.Here are 8 stock recommendations for Thursday: Stock Ideas