Trading Guide: 2 stock ideas for upcoming session

Meanwhile, the Economic Times daily newspaper is available online now.

Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• Analysts recommend GMR Airports and Bajaj Consumer Care for Friday, citing technical strength, supportive retracement levels and improving momentum.
• While RSI has turned up from oversold territory, the stock continues to hold well above its rising 200-day moving average.
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• Power shift, a déjà vu: Air India could be new CEO's toughest flight yet.

Meanwhile, the Economic Times daily newspaper is available online now. Market Trading Guide: GMR Airports among 2 stock recommendations for Friday. ETMarkets.comLast Updated: Aug 20, 2026, 08: 50: 00 PM IST.

Analysts recommend GMR Airports and Bajaj Consumer Care for Friday, citing technical strength, supportive retracement levels and improving momentum. While Bajaj Consumer Care targets Rs 540, with stop-losses at Rs 98 and Rs 480, GMR Airports has a target of Rs 112.

Indian markets discovered much-needed relief after the US Treasury stepped in to contain the surge in global bond yields, triggering a robust broad-based rebound and ending the domestic market's week-long losing streak. Analysts say the near-term outlook is projected to hinge on the direction of global yields, energy costs and geopolitical developments, with sustained stability needed to keep earnings momentum and foreign inflows intact. Here are two stock recommendations for Friday.

GMR Airports – Purchase Buying Zone: 102-103 Stop-loss: Rs 98 Target: Rs 112 GMR Airports has retraced to the 50% Fibonacci level near 101 after peaking at 115.56, with volumes drying up through the pullback – a constructive sign of orderly profit-booking rather than distribution. The stock holds comfortably above its rising long-term moving average, and weekly RSI has cooled to neutral territory. Backing sits at 98, with resistance seen near 112. A bounce from this retracement zone looks probable. Live Events. Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio.

Bajaj Consumer Care – Purchase Buying Zone: 500-502 Stop-loss: Rs 480 Target: Rs 540 Bajaj Consumer Care has rebounded sharply off the 470-490 shelf that capped costs through April- May, reversing with a 3.4% gain on improving volumes. While RSI has turned up from oversold territory, the stock continues to hold well above its rising 200-day moving average. Backing rests at 480, with immediate resistance placed near 540. A sustained close above that opens further upside. Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times).

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Taken together, the developments around trading Guide: 2 stock ideas for upcoming session point to a situation that is still moving, and the coming days should bring more clarity.