Big movers on D-Street: What should investors do with M&M Financial, DMart and Vedanta?
Domestic markets slumped nearly 1% in a topsy-turvy trading session on Friday amid escalating tensions in West Asia and consistent FII outflows.
Stocks that were in focus include names like M&M Financial, which fell 6.5%, Angel One, which declined 4.4%, and Vedanta, whose shares were down 0.49% on Friday.
Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.
M&M Financial
The counter has witnessed lower lows and lower high formation on the daily chart. The Overall structure is distorted as it trades below its all-important moving averages (9, 20, 50-DMA) however it has a demand zone near 290 at 200-DMA.
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