Market Trading Guide: Shriram Finance, Cholamandalam Finance are stock recommendations for Friday

Indian headline indices ended flat on Thursday conceding its morning gains amid heavy selling in auto stocks while IT and FMCG added to the fall. While the Nifty fell for the seventh straight session, the 30-stock BSE Sensex closed mildly green. The former closed the session at 22,545.05, down by 2.50 points or 0.01% and the latter at 74,612.43, gaining by 10.31 points or +0.01%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the sellers continued to dominate the market at higher levels as Nifty remained range bound during the day before closing flat. "On the lower end, 22,500 continues to act as support, similar to how 22,800 did a few days ago. We expect Nifty to decline towards 22,200 and lower if it falls below 22,500. On the higher end, 22,650 might act as immediate resistance. In the short term, the index is likely to remain a "sell on rise" as long as it stays below the 22,750-22,800 range," De said.Here are 2 stock recommendations for Friday: Stock Ideas