Geojit’s Anand James anticipates a stable Nifty expiry with controlled movements, not sharp volatility. He advises buying Mahindra & Mahindra and JK Paper for the upcoming week. However, traders are cautioned against buying Vedanta on the recent dip, as further downside is possible. Foreign investor positioning shows tactical shifts, but significant short covering is yet to materialize.
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.