Stocks to buy under 200: Mehul kothari of anand rathi recommends three shares to buy or sell

Stocks to buy under 200: The Indian Stock Market Ended Lower on Friday Amid Mixed Sentiment in Global Equites. The BSE Sensex Declined 182.01 points, or 0.22%, to close at 81,451.01, while the nifty 50 settled 82.90 points, or 0.33%, lower at 24,750.70.70. Both the benchmark indices extended losses for the second straight week, dropping 0.4% Each for the week.

Stock market outlook

Mehul Kothari, Deputy Vice President – Technical Research at Anand Rathi, Noted that DURING The Week, The NIFTY 50 Index Remained Stuck in a Tight Range of 25,100 to 24,650, Showing Limited DIRITED DIOITED DIOINAL MOVEMENT. For the second CONSECUVE Week, The Index Consolidated Just Below The 25,000 Mark, Reflecting a Pause in Upward Momentum.

“Following a Substantile Upward Move of Over 3,000 Points SINCE AARILIS LOWS, NIFTY 50 has taken a well-deserved pause, retreating Nearly 600 points from items from Recent PEAK AROND 25,050 to revisit 24,450 zone. This pullback falls exactly in line with our previously expressed cautious outlook, ”Kothari said.

According to Him, The Technical Setup Remains Consistent: The Index is Still Trading Near the Pivotal 161.8% Fibonacci Extension, While The Golden Crossover-Where the 50-DAYS Aboves Above The 200-Dey Ema Ema – is positioned much lower between 23,800 and 23,500. This structure sugges the risk of a more meaningful correction remain alive.

“We maintain a cautious bias, with immediati resistance at 25,300 and a key support level at 24,450 – Breaching which cold trigger a deepor a deeper a deepe On Rallies is preferred over buying into the dips, as the retracement may extend a simple pullback, “Kothari said.

Even a high-belta index like bank nifty remained confined with 1,000-point range through the week, reflecting cautious trading. Looking ahead, he believes the levels of 56,000 and 55,000 will be crucial for bank nifty – a decisive break Above or below these marks units

Mehul kothari’s stock recommendations

Regarding Stocks to Buy Under 200, mehul kothari of anand rathi recommended buying these three buy or sell stocks: Central Bank of India, Delta Corp, and Gujarat Ambuja Exports Shares.

1]Central Bank of India: Buy Near 38.8; Target price: 41.5; Stop Loss: 37

2]Delta Corp: Buy at 92; Target price: 96.5; Stop Loss: 89.50

3]Gujarat Ambuja Exports: Buy at 115.8; Target price: 121; Stop Loss: 113

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