Breakout stocks to buy or sell: The Indian stock market witnessed another week of fluctuations but ended with modest gains, influenced by a mix of global and domestic factors. Key drivers of market movement included the 2025 Budget announcements, the Reserve Bank of India’s first monetary policy for the year, the Delhi elections, and US trade tariff decisions.
Domestic equity indices extended their gains for the second straight week, with the Nifty 50 climbing 0.33% to close at 23,559.95, while the BSE Sensex increased 0.46% to end at 77,860.
Sumeet Bagadia’s breakout stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market remains range-bound, with the Nifty 50 index fluctuating between 23,300 and 23,800.
On the outlook for the Indian stock market today, Sumeet Bagadia said, “The Indian stock market mood is sideways as the Nifty 50 index is trading in a broad range of 23,300 to 23,800. Bullish or bearish trend can be assumed on breakage of either side of the range. Hence, traders are advised to maintain buy-on-dip strategy. Those who believe in stock-specific approach can look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option for intraday trading.”
Regarding breakout stocks for intraday trading, Sumeet Bagadia recommended buying these five shares today: Bharti Hexacom, Welspun Corp, KRBL, Sarda Energy & Minerals, and Cantabil Retail India Limited.
Stocks to buy today
1] Bharti Hexacom: Buy at ₹1465.8, target ₹1570, stop loss ₹1415;
2] Welspun Corp: Buy at ₹801.75, target ₹850, stop loss ₹770;
3] KRBL: Buy at ₹301.3, target ₹320, stop loss ₹290;
4] Sarda Energy & Minerals: Buy at ₹466.25, target ₹500, stop loss ₹450;
5] Cantabil Retail India: Buy at ₹329.85, target ₹350, stop loss ₹320.
Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.
