Breakout stock to buy or sell: Indian benchmark indices almost ended unchanged on Tuesday, reversing initial damage as the profit in IT shares offset the decline in consumer shares.
BSE Sensex Down by 29.47 points (0.04%) to settle at 75,967.39, while comprehensive Nifty 50 closed 14.20 points (0.06%) at 22,945.30.
Sumit Bagadia’s breakout stock recommendations
Sumate Bagadia, Executive Director of the choice broking, believes that Nifty 50 A solid support level is installed at 22,800, and if it is above this mark, the major benchmark index is likely to reach 23,300 in the near future.
On the approach to the Indian stock market today, Sumit Bagadia said, “The Nifty 50 has created a strong base at 22,800, and in maintaining this support, we can expect that the major benchmark index is to touch 23,300 soon. Can expect The market bias may improve after the frontline index closes above 23,300 points. A breakout above 23,800 based on the closing would mean that the Nifty 50 killed 24,800 or perhaps 25,000 in the near period. As the trigger is expected to be safe for the market, one can maintain a stock-specific approach and see shares that look strong on the technical chart. ,
Regarding breakout shares for intraday trading, Sumit Bagadia today recommended to buy these five shares: Sundaram Finance, Narayan Hrdalaya, Bajaj Healthcare, SBI Cards and Payment Services, and Aarti Pharmacellies.
Stock to buy today
1] Sundaram Finance: Buy on 4700, target 5000, closed losses 4540;
2] Narayan Haradayala: Buy on 1370.1, target 1460, loss stop 1320;
3] Bajaj Healthcare: Buy on 634.55, target 675, loss stop 610;
4] SBI Card and Payment Services: Buy on 865.35, target 920, loss stop 835;
5] Aarti formalabs: Buy on 808.9, target 865, loss stop 780.
Disclaimer: The ideas and recommendations provided in this analysis belong to individual analysts or broking companies, not mints. We recommend investors to consult certified experts before making any investment decisions, as market conditions may change rapidly and individual conditions may be different.
