The Nifty index ended Friday's trading session with gains, closing above 24,300 for the second consecutive week, driven by strong buying in consumer and metal stocks. Nilesh Jain, Vice President at Centrum Finverse, noted that a decisive breakout above the 50-day moving average (DMA) at 24,410 could lead to further gains towards 24,700. He emphasized a buy-on-dips strategy as the market structure remains positive, with support now at 24,000. Jain also pointed out that momentum indicators are strong, with the relative strength index (RSI) above 55 and a declining volatility index near 17. For short-term investments, analysts recommend buying Shipping Corporation of India at prices between Rs 305-309, targeting Rs 400, which offers a potential upside of 29%. The stock has shown a strong breakout pattern with significant volume, indicating institutional interest. Additionally, Power Grid Corporation is suggested for purchase at Rs 318-320, with a target of Rs 350 for a 9% gain. This stock has also broken out of a consolidation phase, supported by increasing volumes and a strengthening RSI.