Broader Markets Fared WorsE, with the BSE Midcap Index Declining by 0.62% and the Smallcap Index Slipping 0.17%.
Sumeet Bagadia’s Breakout Stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, Believes that Indian Stock Market is indicating a trend respective as the nifty 50 index has bounced back stroves Support of 24,900.
Speaking on the outlook of Indian Stock Market, Bagadia said, “The key benchmark index is facing hurdle at 25,250. On Breaking Above This Resistance on a Closing Basis, We can expect the 50-SPOCK INDEX to Touch 25,500 and 25,700 soon. So, One Should Maintain Stock-Specific Approach and Look at Thos Stocks That Are Looking Strong on the Technical Chart.
Stocks to buy today
Sumeet Bagadia recommends five breakout stocks to buy today: Emcure Pharmaceuticals, Thomas Cook (India), Schneider Electric Infrastructure, Pennar Industries, and Shanthi gears.
1] Emcure pharmaceuticals: Buy at 1425.7, target 1520, Stop Loss 1380;
2] Thomas Cook (India): Buy at 185.9, target 199, Stop Loss 179;
3] Schneider Electric infrastructure: Buy at 932.6, target 996, Stop Loss 900;
4] Pennar Industries: Buy at 251.7, target 270, Stop Loss 243;
5] Shanthi gears: Buy at 560.55, target 600, Stop Loss 540.
Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
Discover more from Gautam Kalal
Subscribe to get the latest posts sent to your email.
Be First to Comment