Rattled by topsy-turvy moves of market, here are some stocks where buy-the-dip is likely to work!

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Rattled by topsy-turvy moves of market, here are some stocks where buy-the-dip is likely to work!

Nifty made an all-time high of 18,604.45 in the month of October and thereafter, it witnessed a dip of nearly 5.33 per cent from its all-time high and this dip got anchored around the 50-DMA.

You might have noticed that the Indian markets have been on a topsy-turvy ride. As a result of this, small investors, who have been the pied piper of the bull run, which we have witnessed in the Indian benchmark indices, the same small investors are getting nervous amid confidence, rattling news like hotter-than-expected inflation in the US.   

Nifty made an all-time high of 18,604.45 in the month of October and thereafter, it witnessed a dip of nearly 5.33 per cent from its all-time high and this dip got anchored around the 50-DMA. And once again, the index is hovering close to its 50-DMA. Hence, we will look out for the stocks that are trading around the 50-DMA.   

So, in this article, we will talk about the stocks that are trading near the 50-DMA as these stocks can be good buy-on-dips stocks.   

 

Here is the list of the stocks: 

 

Name of the stocks  

AARTIIND  

APLLTD  

ASIANPAINT  

AVANTIFEED  

BAJFINANCE  

CESC  

COCHINSHIP  

GNFC  

GSPL  

HEMIPROP  

HFCL  

INDUSTOWER  

INTELLECT  

IRCON  

KALPATPOWR  

KALYANKJIL  

MAHABANK  

MANAPPURAM  

PIDILITIND  

NESTLEIND  

NATIONALUM  

SBILIFE  

RAMCOCEM  

RHIM  

VOLTAS  

SRF  

UBL  

TATACONSUM  

SYNGENE  

VINATIORGA  

ZENSARTECH  

YESBANK