Market Trading Guide: Vijaya Diagnostic, KIMS among 3 stock recommendations for Friday

Notwithstanding a late recovery towards the end, Indian benchmark indices fell sharply on Thursday weighed down by a sell-off in Adani Group stocks after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. While the S&P BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%, the broader Nifty50 finished at 23,349.90, lower by 168.60 points or 0.72%. Commenting on the day's action, expert Rupak De said that Nifty remained below the 200-DMA indicating persistent weak sentiment in the market. "Following a weak start, Nifty traded within a narrow range throughout the day. The RSI indicator has re-entered a bearish crossover, further supporting the negative sentiment. In the short term, sentiment remains weak, with support placed at 23,200. A fall below this level could trigger a correction in the market. On the upside, resistance is placed at 23,550 and a decisive move above this level might induce a rally in the market," De said.Here are 3 stock recommendations for Friday: Stock Ideas