Domestic markets witnessed a modest rebound on Thursday on dip-buying as oil prices eased, despite the recent US–Iran escalation. However, the recovery proved fleeting, weighed down by an increasingly fragile global backdrop. Banking and pharma stocks attracted buying interest, supported by resilient earnings, favourable RBI measures, and a shift toward defensive sectors. In contrast, mid and small caps saw profit booking after their recent outperformance, indicating signs of near-term consolidation.Here are two stock recommendations for FridayAllied Blenders - Buy | CMP: Rs 608.45 | Stop-loss: Rs 585 | Target: Rs 655Allied Blenders and Distillers Limited triggers a decisive bullish breakout above its key horizontalresistance zone at Rs 595. This strong price action is validated by an expanding volume surge,confirming robust institutional buying interest. The stock trades cleanly above all short- and long-term EMAs, which are fanning out in a positive alignment, while the RSI climbs past 60 to signalaccelerating upward momentum.Virat Jagad, Sr Technical Research Analyst, at Bonanza PortfolioJB Chemicals and Pharma - Buy | CMP: Rs 2252.7 | Stop-loss: Rs 2180 | Target: Rs 2400JB Chemicals displays a robust bullish continuation structure, breaking cleanly above its intermediate resistance zone near Rs 2,230 to close at Rs 2,252.70. This strong price action is supported by expanding volume on up-days, confirming solid buying interest. The stock continues to trade comfortably above all its short- and long-term EMAs, which are in a perfect bullish alignment. With the RSI rising steadily above 60, upward momentum remains intact.Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)