For new investors, especially students and young professionals with modest amounts like Rs 10,000, a Systematic Investment Plan (SIP) is generally recommended over a lump sum. Financial expert Harshvardhan Roongta advises SIPs to gradually enter the market, build discipline, and average investment costs. He suggests starting with low-cost index funds for long-term wealth creation.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on May 29, according to stockedge.com’s technical scan data.