Shares to purchase underneath ₹200: As anticipated, July 2025 was a month of revenue reserving and correction for the Indian inventory market. The 25,800 zone acted as a formidable hurdle for the Nifty 50 index, and within the absence of any robust constructive set off, the important thing benchmark index corrected over 1,000 factors from the highs. The index ended the month with a lack of practically 3%, at present hovering under the 24,600 mark. The harm was much more pronounced within the broader markets, the place the Smallcap Index plunged round 6% and the Midcap Index declined by 4%. Danger urge for food took successful, and revenue reserving was seen throughout sectors.
Inventory market subsequent week
Mehul Kothari, Deputy Vice President — Technical Analysis at Anand Rathi, has persistently highlighted the golden crossover in Nifty 50, the place the 50-DEMA crossed above the 200-DEMA — a technically constructive growth. Nevertheless, historical past suggests {that a} imply reversion typically follows such crossovers earlier than the following leg of the uptrend begins. In step with that, the Nifty 50 is approaching its 200-DEMA and DSMA, converging across the 24,200–24,000 zone. Including to the warning, a bearish candlestick formation is rising on the month-to-month chart — and whereas it is nonetheless early, this being the primary month of such a sign is barely regarding.
Talking on the outlook of the Nifty 50 at present, Mehul Kothari of Anand Rathi stated, “On the every day chart, momentum oscillators will not be but in deep oversold territory, suggesting that the correction won’t be over but. A breach under 24,450 — a key horizontal help — may drag the index additional down in the direction of the 24,000 mark, and in a worst-case state of affairs, even in the direction of 23,800–23,600. These ranges may supply a powerful mean-reversion alternative for medium-term traders. On the upside, 25,000 stays a psychological resistance, and solely a decisive transfer above it may well revive bullish sentiment. For merchants, the strategy ought to stay extremely selective and risk-managed — keep away from aggressive bottom-fishing and focus solely on robust relative power shares. This stays a market to outlive first, revenue later.”
“The Financial institution Nifty index made a excessive close to 57,600, however as we had cautioned, the 58,000–58,500 trendline resistance zone proved too robust to cross. In step with our view, the index slipped over 2% throughout July 2025. Financial institution Nifty is near its 200 DEMA, slightly below the 55,000 mark — barely a per cent away from present ranges. This zone shall be essential to observe. If the index finds help right here, we may see a short-term bounce. On the upside, 56,500 stays a near-term hurdle, however the actual take a look at continues to be the 58,000–58,500 zone, the place the long-term trendline resistance nonetheless looms massive,” he added.
Mehul Kothari’s inventory suggestions underneath ₹200
Concerning shares to purchase underneath ₹200, Mehul Kothari of Anand Rathi advisable shopping for VRPL, UCO Financial institution, and IDFC First Financial institution on Monday.
1] VRPL: Purchase at ₹158 to ₹160, Goal ₹175, Cease Loss ₹154;
2] UCO Financial institution: Purchase at ₹28 to ₹29, Goal ₹34, Cease Loss ₹26; and
3] IDFC First Financial institution: Purchase at ₹67 to ₹68, Goal ₹75, Cease Loss ₹64.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to examine with licensed consultants earlier than making any funding choices.
