By Soumya Ranjan 
Breakout stocks to buy or sell: Nazara Technologies, SRF, Devyani International, Kaynes Technology India, and Avalon Technologies are the five shares that Sumeet Bagadia suggests purchasing today.
Buy or sell breakout stocks: Despite growing tensions between India and Pakistan, the Indian stock market ended Wednesday, May 7, with slight gains. After India announced Operation Sindoor, which targeted terrorist sites in Pakistan and Pakistan-occupied Jammu and Kashmir, the benchmark Sensex first fell by almost 700 points to 79,948.80.
However, the market quickly rebounded, reaching an intraday high of 80,844.63, before ending the day at 80,746.78—up 106 points or 0.13%. Meanwhile, the Nifty 50 rose by 35 points, or 0.14%, to close at 24,414.40.
The breakout stock recommendations of Sumeet Bagadia
Given that the Nifty 50 index is trading above 24,300, Choice Broking Executive Director Sumeet Bagadia thinks that sentiment in the Indian stock market is cautiously positive.
“One should maintain a stock-specific approach and look into bottom fishing opportunity on every dip until this support remains sacrosanct,” Bagadia said in reference to the Indian stock market’s outlook. One should pay attention to stocks that appear strong on the technical chart in the midst of the growing tension in the India-Pakistan conflict. An excellent choice may be breakout stocks.
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Nazara Technologies, SRF, Devyani International, Kaynes Technology India, and Avalon Technologies.
Stocks to buy today
1] Nazara Technologies: Buy at ₹1070, target ₹1145, stop loss ₹1033;
2] SRF: Buy at ₹3050, target ₹3250, stop loss ₹2950;
3] Devyani International: Buy at ₹183.04, target ₹196, stop loss ₹176;
4] Kaynes Technology India: Buy at ₹5842, target ₹6250, stop loss ₹5600;
5] Avalon Technologies: Buy at ₹878, target ₹940, stop loss ₹845
Disclaimer: Times of Dalal Street does not endorse the opinions or suggestions expressed in this analysis; rather, it is the opinion of individual analysts or broking firms. Since market conditions can fluctuate quickly and individual circumstances can differ, we strongly advise investors to seek advice from certified experts before making any investment decisions.