Market Trading Guide: Welspun Corp, BLS International are stock recommendations for Friday

Bulls remained on top of the action on Thursday as Indian frontline indices ended with gains, extending their rally for the second day in a row. Barring the media stocks, all other sectors ended the day in the green led mostly by auto, IT and bank stocks. While the S&P BSE Sensex settled at 79,943.71, up by 1436.30 points or 1.83%, the broader Nifty closed at 24,188.65, higher by 445.75 points or 1.88%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities highlighted Nifty’s move above the 200 DMA after several failed attempts in recent sessions. Additionally, the index has crossed above the 21 EMA on the daily timeframe, confirming a bullish trend, he added. “The RSI is also in a bullish crossover. The index appears to be a "buy on dips" candidate following a strong closing. Support is placed at 24,000, while on the higher end, it may move towards 24,500," De saidHere are 2 stock recommendations for Friday: Stock Ideas