The nifty 50 rose by 70 points (0.3%) to close at 24,610, While The Sensex Ended The Day 260 Points Higher (0.32%) at 80,998. Broader Market Indices outperformed the main benchmarks, with the nifty midcap 100 and nifty smallcap 100 gaining 0.70% and 0.80%, respectively.
Sumeet Bagadia’s Breakout Stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, Believes That Indian Stock Market Sentimen is cautious to positive as the nifty 50 index is sustaining about 24,500.
Speaking on the outlook of Indian Stock Market, Bagadia said, “On Breaching this support the market bias may turn weak and the key benchmark index may try to test 24,150 to 24,200s. 50-Stock Index is Facing Hurdle at 24,800. Option. “
Stocks to buy today
Sumeet Bagadia recommends five shares to buy today – Heritage Foods, Rico Auto Industries, Mawana Sugars, Indo Amines, and Hindware Home Innovation.
1] Heritage foods: Buy at 446.1, target 477, Stop Loss 430;
2] Rico Auto Industries: Buy at 81.91, target 88, Stop Loss 79;
3] Mawana Sugars: Buy at 105.74, target 113, Stop Loss 102;
4] Indo Amines: Buy at 158.31, target 170, Stop Loss 152;
5] Hindware Home Innovation: Buy at 281.1, target 301, Stop Loss 271.
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.
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