Breakout Stocks Buy or Sell: The Indian Stock Market Closed with Sharp Declines on Thursday, May 22, As Escalating Geopolitical Tensions, Worries About Us Debt, and High Valuations in Domestic Stocks in Domestic Stocks Prompteed Investors to Pul Back For Pull Back Force Riskier assets.
The sensex dropped by 645 points, or 0.79%, ending at 80,951.99, while the nifty 50 slipped 204 points, or 0.82%, to settle at 24,609.70. The bse midcap index declined by 0.33%, whereas the bse smallcap index managed a modest gain of 0.17%.
Sumeet Bagadia’s Breakout Stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, Believes That The Indian Stock Market Sentimen is positive as the nifty 50 index is still about 24,,50000.
Speaking on the outlook of Indian Stock Market, Bagadia said, “On Breaking Below 24,500 Levels, The Benchmark Index May Try to Test 24,000 Levels. So, One Should Mantain Stocke-SPOCK-Specch-Specch and Look Atteys stocks that are looking strong on the technical chart.
1] Shilpa Medicare: Buy at 735.60, target 787, Stop Loss 709;
2] Surya Roshni: Buy at 311.20, target 333, Stop Loss 300;
3] Finolex Industries: Buy at 195.74, target 210, Stop Loss 188;
4] Clean Science and Technology: Buy at 1328.90, target 1422, Stop Loss 1282;
5] Mahindra lifespace developers: Buy at 366.05, target 392, Stop Loss 353.
Disclaimer: The views and recommendations provided in this analysis are that of individual analysts or broking companies, not mint. We Strongly Advise Investors to Consult With Certified Experts Before Making Any Investments Decisions, as Market Conditions Can Change Rapidly and Individual Circumstances May Vary.