Buy breakout stock or sell: Index of Indian Stock Market- Sensex and NIFTY 50- At high level on Monday, supported by profit in major stocks HDFC BankMahindra and Mahindra, and ITC.
Sensex rose 295 points (0.37%) to close at 80,796.84, while the Nifty 50 advanced 114 points (0.47%) ended at 24,461.15. Mid-and small-cap stocks performed much better, with the BSE midcap index 1.45% more Small hat The index is increasing by 1.23%.
Sumit Bagadia’s breakout stock recommendations
Choice Broking Executive Director Sumit Bagadia believes that the spirit of the Indian stock market is carefully positive and the Nifty 50 index is soon set to touch 24,800.
Speaking on the approach to the Indian stock market, Bagadia said, “When breaking above 24,800, the major benchmark index may soon touch 25,200. Therefore, one should maintain a stock-specific approach and look at shares that look strong on technical charts. Breakout stockouts may be a good option for intraad trading.”
Breakout stock to buy or sell: Sumit Bagadia recommends five shares to buy today – Windsor machine, Galant Ispat, Vesuvius IndiaAzad Engineering, and Bharat’s mobility,
Stock to buy today
1] Windsor machine: Buy on 345, target 370, loss stop 333;
2] Galant Ispat: Buy on 465.8, target 502, stop loss 450;
3] Vesuvius India: Buy on 4889, target 5200, closed losses 4720;
4] Free engineering: Buy on 1635, target 1750, closed loss 1580;
5] Bharat’s mobility: Buy on 1563.9, target 1680, loss stop 1510.
Rejuvenation: The ideas and recommendations provided in this analysis belong to individual analysts or broking companies, not mint. We recommend investors to consult certified experts before making any investment decisions, as market conditions may change rapidly and individual conditions may be different.
