On Wednesday, analysts from LKP Securities and Bonanza Portfolio recommend buying stocks such as Nestle and NLC India, predicting potential near-term gains of up to 14%. The Nifty index has demonstrated a positive trend, surging more than 200 points after breaking through a consolidation phase. Analysts noted that the index faces resistance around the 100-day Exponential Moving Average (EMA) but has strong support at 24,400. Nestle, which has broken above a crucial resistance zone, is trading at a target price of ₹1,578, supported by robust price action and strong buying pressure, as indicated by the Relative Strength Index (RSI) exceeding 70. Similarly, Gujarat Ambuja Exports Limited has reversed its downtrend, with a target price of ₹175. Analysts suggest maintaining a buy-on-dips strategy for both stocks, with a recommended holding period of 2-3 weeks. Overall, the market sentiment remains bullish, with expectations of further upside.