The sensex opened at 81,354.85, just below its previous close of 81,361.87, before rallying 1,133 points (1.4%) to touch an intraday to 82,494.49. Similarly, the nifty 50 started at 24,787.65, Slightly lower than its previous close of 24,793.25, and rose 1.4% to Reach an intraday high of 25,136.20.
Sumeet Bagadia’s Breakout Stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, Believes that Indian Stock Market Sentimen
Speaking on the outlook of Indian Stock Market, Bagadia said, “The nifty 50 index is about 25,000 and the key benchmark index is set to touch to touch 25,400 and 25,650 in short term. 24,800. So, One Should MainTain Stock-Specific Approach and Look at that Stocks That Are Looking Strong on the Technical Chart.
Stocks to buy today
Sumeet Bagadia recommends five breakout stocks to buy today: Aeroflex Industries, Mishra Dhatu Nigam, Tourism Finance Corporation of India, Ask Automotive, and Gillanders ARBUSHNOT & CO.
1] Aeroflex Industries: Buy at 204.47, target 219, Stop Loss 197;
2] Mishra dhatu nigam: Buy at 443.30, target 480, Stop Loss 427;
3] Tourism Finance Corporation of India: Buy at 233.19, target 250, Stop Loss 225;
4] Ask automotive: Buy at 471.30, target 505, Stop Loss 454;
5] Gillanders Arbuthnot & Co: Buy at 143.04, target 153, Stop Loss 138.
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.
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