The Nifty index closed lower on Friday, influenced by geopolitical tensions between the US and Iran, along with a depreciating rupee and significant selling in financial stocks. Analysts indicate that the index has fallen below the 50-day Exponential Moving Average (EMA), signaling weakened market sentiment. Rupak De, Senior Technical Analyst at LKP Securities, noted that if the Nifty remains below 24,200, it could decline further to the 24,050–24,000 range. Conversely, a rise above 24,200 may lead to a recovery towards 24,350–24,400. Investors are advised to consider purchasing shares of Coforge Limited at Rs 1,368, targeting Rs 1,420–1,460, with a stop-loss at Rs 1,320. The stock has shown strong bullish momentum after breaking key resistance levels. Similarly, NBCC (India) Limited is recommended at Rs 101, with a potential upside to Rs 104–108 and a stop-loss set at Rs 97-98. Both stocks are positioned for positive movement if they maintain their breakout levels.