Rajesh Palviya from Axis Securities anticipates Nifty potentially reaching 25,000, fueled by positive market sentiment and Prime Minister’s announcement. He highlights the shift in put-call ratios and strong performance in midcap, smallcap, and sectors like automobile and oil & gas. Palviya recommends Mahindra & Mahindra with a target of 3,480 and Avenue Supermarts (DMart) with a target of 4,730.
Negative Breakout: Suzlon Energy among 8 stocks that crossed below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data.