On May 6, the Nifty 50 and BSE Sensex indices experienced gains, influenced by a government-approved $1.9 billion credit guarantee scheme aimed at assisting businesses affected by the Iran conflict. The Nifty 50 rose 0.32% to 24,109.85, while the Sensex increased 0.18% to 77,155.71. Ruchit Jain, Head of Equity Technical Research at Motilal Oswal Financial Services, highlighted several stocks for near-term investment. He recommends buying Granules India Ltd at a current market price (CMP) of ₹740, with a stop loss (SL) at ₹690 and a target (Tgt) of ₹840. Jain noted that the Nifty Pharma Index has recently broken out of an 18-month consolidation phase, indicating potential growth. He also advises purchasing Nippon Life India Asset Management Ltd at a CMP of ₹1,080, SL at ₹1,055, and Tgt of ₹1,150, as the stock has shown strong volume and a bullish pattern. Lastly, he suggests buying SRF Ltd at a CMP of ₹2,700, with SL at ₹2,500 and Tgt of ₹3,050, citing a favorable trend reversal. Investors are encouraged to consult certified experts before making investment decisions.