Market Trading Guide: MandM, Wipro are stocks to buy on Friday for near term gains up to 4%

India’s headline indices ended Thursday with minor declines with selling pressure witnessed in IT, pharma and metal stocks. The Nifty witnessed a lackluster expiry on the NSE, as the index remained within a narrow range throughout the session, indicating indecisiveness ahead of any directional move.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the index continues to trade below the 200-DMA on the hourly chart, reflecting weak market sentiment. “On the daily chart, it has slipped below the 21-EMA, further reinforcing the bearish outlook. This negative sentiment is likely to persist as long as the index remains below 24,850. On the downside, support is seen at 24,550," De said.Here are 2 stock recommendations for Friday: Stock Ideas