Jindal Stainles, Paytm and 6 other Nifty 500 stocks trading below 200 DMA to keep an eye on

Synopsis: Eight stocks, including Jindal Stainless, Pondy Oxides, Apollo Micro Systems, Fedbank Financial, Vintage Coffee, One 97 Communications, Choice International, and Tata Consumer Products, are holding support near the 200-day EMA, signaling technical strength and renewed investor interest

The 200-day Exponential Moving Average (200-D EMA) is widely used to understand a stock’s long-term trend. It places greater importance on recent prices, so it reacts faster to market movements than a simple moving average. Traders and investors track this indicator to judge whether a stock is maintaining an overall uptrend or slipping into a downtrend.

When a stock takes support near the 200-D EMA and rebounds, it suggests buying strength at that level. This is often viewed as a positive technical sign, showing renewed demand and the possibility of continued upward movement. In this piece, we focus on five stocks showing strength around this important support level. Here are a few stocks that are taking support from the 200-day exponential moving average (200-D EMA)

Jindal Stainless Limited

Jindal Stainless was established in 1970 and is one of India’s largest stainless steel producers. The company manufactures flat stainless steel products used in infrastructure, railways, automobiles, and industrial sectors. It exports globally and focuses on value-added steel solutions with large integrated manufacturing facilities.

Jindal Stainless Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 748.09. The stock closed at Rs. 758 in Wednesday’s session, reflecting a 2.40 percent increase in the intraday trade.

Pondy Oxides & Chemicals Limited

Pondy Oxides & Chemicals Limited was founded in 1995 and is a leading metal recycling company specializing in lead and non-ferrous metals. It produces alloys and chemicals used in batteries and industrial applications. The company serves domestic and export markets with an emphasis on sustainable recycling operations.

Pondy Oxides & Chemicals Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,167.04. The stock closed at Rs. 1,195.40 in Wednesday’s session, reflecting a 0.29 percent increase in the intraday trade.

Apollo Micro Systems Limited 

Apollo Micro Systems Limited was established in 1985 and develops high-reliability electronic systems for defence, aerospace, and space sectors. It provides mission-critical hardware and embedded solutions for Indian defense programs and exports advanced technology products supporting security and communication infrastructure.

Apollo Micro Systems Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 231.18. The stock closed at Rs. 235.85 in Wednesday’s session, reflecting a 1.66 percent increase in the intraday trade.

Fedbank Financial Services Limited

Fedbank Financial Services Limited was founded in 1995 and is a retail-focused NBFC offering gold loans, home loans, and MSME financing. Backed by Federal Bank, it operates across India, serving small businesses and individuals, focusing on secured lending and financial inclusion.

Fedbank Financial Services Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 136.54. The stock closed at Rs. 139.01 in Wednesday’s session, reflecting a 1.03 percent increase in the intraday trade.

Vintage Coffee & Beverages Limited

Vintage Coffee & Beverages Limited was established in 1980 and manufactures instant coffee and beverage products for global export markets. The company supplies private-label brands and focuses on large-scale coffee processing, catering mainly to international clients with strong manufacturing capabilities.

Vintage Coffee & Beverages Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 143.79. The stock closed at Rs. 145.90 in Wednesday’s session, reflecting a 1.31 percent increase in the intraday trade.

One 97 Communications Limited

One 97 Communications Limited was founded in 2000 and operates Paytm, India’s major digital payments and fintech platform. It offers payments, lending, financial services, and merchant technology solutions, serving millions of consumers and businesses across India’s digital economy.

One 97 Communications Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,144.65. The stock closed at Rs. 1,199.60 in Wednesday’s session, reflecting a 2.59 percent increase in the intraday trade.

Choice International Limited

Choice International Limited was established in 1993 and provides financial services, including stock broking, investment banking, wealth management, and advisory. It serves retail and institutional clients with a diversified platform spanning capital markets and financial consulting.

Choice International Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 739.72. The stock closed at Rs. 795.40 in Wednesday’s session, reflecting a 5.23 percent increase in the intraday trade.

TATA Consumer Products Limited

TATA Consumer Products Limited was founded in 1962 as Tata Finlay Limited. Tata Consumer Products is a leading FMCG company offering packaged foods and beverages. Its brands include Tata Tea, Tetley, and Tata Salt, with a strong presence in India and international markets.

TATA Consumer Products Limited is taking support of the 200-day exponential moving average (200-D EMA) at a price of approximately Rs. 1,128.94. The stock closed at Rs. 1,169.70 in Wednesday’s session, reflecting a 1.85 percent increase in the intraday trade.

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