Market Expert Lists Five Sub-Hundred Rupee Stocks Following Seven-Week Nifty Slump

Indian stock market benchmark indices stayed volatile through the week, with the Nifty 50 extending its weekly losing streak to seven consecutive weeks. This marks the longest losing run for the index in six years. Heavy selling pressure hit the benchmark on Thursday before it recovered modestly on Friday due to value buying. Despite the late recovery, the 50-stock index closed the week down roughly zero point eight eight percent from the previous Friday close. Choice Broking Executive Director Sumeet Bagadia views the market outlook as sideways to bearish. The expert places the crucial support for the Nifty 50 at twenty-two thousand nine hundred to twenty-three thousand, with resistance sitting at twenty-three thousand three hundred to twenty-three thousand three hundred seventy. A sustained move above twenty-three thousand three hundred seventy could open room for recovery, while a decisive drop below twenty-two thousand nine hundred may bring back selling pressure. For the Bank Nifty index, the near-term support zone stays between fifty-five thousand and fifty-five thousand two hundred, with immediate resistance expected at fifty-five thousand seven hundred fifty to fifty-six thousand. Moving past fifty-six thousand could improve the short-term structure, while falling below fifty-five thousand could push selling pressure higher. To navigate this market, Sumeet Bagadia recommends five specific stocks priced under one hundred rupees for short-term trading. Lloyds Enterprises has a buy price of seventy-nine rupees sixty-seven paise, a target of eighty-six rupees, and a stop loss of seventy-six rupees. Bajaj Housing Finance is recommended with a buy price of eighty-three rupees fourteen paise, a target of ninety rupees, and a stop loss of seventy-nine rupees. Bank of Maharashtra carries a buy price of eighty-four rupees ninety paise, a target of ninety-one rupees, and a stop loss of eighty-one rupees eighty paise. GMR Airports has a buy price of ninety-seven rupees ninety-five paise, a target of one hundred seven rupees, and a stop loss of ninety-one rupees. Finally, RBA is listed with a buy price of ninety-two rupees fifty-one paise, a target of one hundred rupees, and a stop loss of eighty-eight rupees fifty paise.