Stocks to Buy Under ₹200: Mehul Kothari of Anand Rathi Recommends Three Shares

The recovery of the Indian equity markets continued for a second day, which helped reduce the weekly losses in spite of the volatility that still persisted in the market. Nifty 50 increased by 0.57% and closed at 26,046.95 while the BSE Sensex increased by 0.53% and ended at 85,267.66. The upward movement of the market was attributed to the optimism after the rate cut by the U.S. Federal Reserve, and the investors' attention was shifting to the retail inflation data that was about to be released.

The two benchmark indices' losses were around 0.5% each for the week, despite the late recovery, as the selling pressure during the first half of the week was substantial. The wider market remained heavy, with the mid-cap and small-cap indices losing 0.5% and 0.7%, respectively.

Market Outlook

Mehul Kothari, Deputy Vice President – Technical Research at Anand Rathi, said the short-term market trend is dependent on the ability of the Nifty 50 to maintain the crucial support levels. He mentioned that the index behaved predominantly according to the estimates, finding support at approximately 25,700 before executing a robust rebound.

Kothari pointed out that Nifty is confronting resistance at the 26,100 mark which is also indicated by a declining trendline on the graphs. If a clear positive move occurs above this area then it might lead to an upside towards 26,300 which the expert deemed as a significant breakout level. In case the index stays atop 26,300-26,350 it can go to 26,600 in the short run with the medium-term goal of 28,000 to 30,000 by mid-2026 still being realistic.

He also highlighted encouraging signs in the broader market, where indices such as the Midcap 100 and Smallcap 100 have formed hammer-type reversal patterns, indicating renewed buying interest after a brief pause.

Bank Nifty View

On the banking index, Kothari said Bank Nifty remains capped near the 59,800–60,000 resistance zone. Unless it breaks above 60,000–60,500, the index is likely to stay range-bound and relatively weaker than the broader market. Key support levels are seen at 58,500 and 58,000.

Stocks to Buy Under ₹200

Based on the current technical setup, Mehul Kothari has recommended the following stocks for Monday’s trading session:

Vodafone Idea: Buy near ₹10.50 | Stop loss ₹10.70 | Target ₹12.50–13.00

Suzlon Energy: Buy near ₹53 | Stop loss ₹50.50 | Target ₹58

Inox Wind: Buy near ₹124 | Stop loss ₹119 | Target ₹134

Disclaimer: This article is for informational purposes only. Market investments are subject to risks. Investors are advised to consult certified financial advisors before making any investment decisions.