2 top stock recommendations from Vinay Rajani

HDFC Securities analyst Vinay Rajani notes Nifty is consolidating in the 23,784 to 24,261 range after forming a long-leg doji pattern, holding above the 20 and 50-day EMAs near 23,850 but capped by the 100-day EMA around 24,150. He sees banking/NBFC and pharma as preferred sectors during this consolidation, with 23,800 acting as a key closing-basis support. He recommends buying Gland Pharma around Rs 2,360 (target Rs 2,470, stop-loss Rs 2,310) and L&T Finance around Rs 300 to 301 (target Rs 312, stop-loss Rs 295).