Stock recommendations for 6 July from MarketSmith India

Indian benchmarks extended their winning streak to a third session on Friday, with Nifty 50 up 0.39 percent at 24,270.85 and Sensex up 0.34 percent at 77,763.91, led by strong buying in IT and pharma. MarketSmith India recommended buying Sun Pharmaceutical Industries at around 1,885 to 1,914 rupees with a target of 2,000 rupees, citing a cup-with-handle base breakout. The brokerage also recommended Shriram Finance at around 1,050 to 1,066 rupees with a target of 1,350 rupees, citing a trendline breakout.