By Soumya Ranjan Breakout stocks to buy or sell: Strides Pharma Science Ltd., Dodla Dairy Ltd., Welspun Corp. Ltd., Onesource Industries And Ventures Ltd., and TD Power Systems Ltd. are the five shares that Sumeet Bagadia suggests purchasing today.
Stock market today: Sumeet Bagadia of Choice Broking believes the Nifty 50 index is facing a hurdle at 25,00. Bagadia believes investors should maintain a stock-specific approach and focus on breakout stocks.
Breakout stocks to buy or sell:
In line with a global market rally following a US court’s decision to block US President Donald Trump’s reciprocal tariffs, domestic equity benchmarks, the Sensex and Nifty 50, ended a two-day losing streak and recovered by almost 0.5 percent in the previous trading session.
Amid monthly expiry in derivative contracts, the 30-share BSE Sensex surged 320.70 points, or 0.39 percent, to close at 81,633.02 during a tumultuous session. It increased 504.57 points, or 0.62 percent, to 81,816.89 during the day. At 24,833.60, the 50-share NSE Nifty increased 81.15 points, or 0.33 percent. On the day of the monthly expiration, the index fluctuated in both directions before leveling off.
Today’s stock market
“The Indian stock market is doing well overall, but the Nifty 50 index is encountering a barrier at 25,000 levels,” stated Sumeet Bagadia, Executive Director at Choice Broking. The benchmark index should soon reach 25,400 if it breaks above this resistance.
The index has provided solid support at the 24,500 levels on the lower side. Therefore, it is best to stick to a stock-specific strategy and focus on stocks that appear to be doing well on the technical chart. Examining breakout stocks may be a wise choice, Bagadia continued.
The breakout stocks of Sumeet Bagadia to buy today
These five breakout shares were suggested by Sumeet Bagadia for purchase today: Dodla Dairy Ltd, Welspun Corp Ltd, Onesource Industries And Ventures Ltd, Strides Pharma Science Ltd, and TD Power Systems Ltd.
- Strides Pharma Science Ltd: Buy at ₹784, target price ₹835, stoploss ₹750
- Dodla Dairy Ltd: Buy at ₹1,268.1, target price ₹1,350, stoploss ₹1,222
- Welspun Corp Ltd: Buy at ₹895, target price ₹950, stoploss ₹865
- Onesource Industries And Ventures Ltd: Buy at ₹1,801.5, target price ₹950, stoploss ₹865
- TD Power Systems Ltd: Buy at ₹511.45, target price ₹545, stoploss ₹495.
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. Because market conditions can change quickly and individual circumstances can differ, we strongly advise investors to seek advice from certified experts, think about their personal risk tolerance, and do extensive research before making investment decisions.
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