Stocks to Buy Today: Sumeet Bagadia Recommends DB Corp, Hi-Tech Pipes, and More Amid Nifty 50 Selloff

Stock market expert Sumeet Bagadia, Executive Director at Choice Broking, has suggested five breakout stocks to buy for today as India’s stock market continues to experience a downward trend. On Monday, the Nifty 50 and Sensex indices dropped due to a broad-based selloff, with the Nifty 50 closing 0.87% lower at 24,795.75 points, while the BSE Sensex fell 0.78%, closing at 81,050 points.

Market Update

The Indian stock market is showing signs of weakness, as the Nifty 50 index has fallen below its 50-day Exponential Moving Average (EMA) of 25,000 points. Bagadia believes that if the Nifty 50 breaches its current support range of 24,300 to 24,250 points, the index could fall further, possibly reaching 23,300 to 23,200 points. He advises investors to focus on specific stocks during these market conditions, especially those with breakout potential, which can be good opportunities for day trading.

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Sumeet Bagadia’s Stock Picks for Today

Here are the five breakout stocks Bagadia recommends buying:

Ausom Enterprise

• Buy Price: ₹134.24
• Target: ₹144
• Stop Loss: ₹129.90

DB Corp

• Buy Price: ₹361.15
• Target: ₹380
• Stop Loss: ₹347

Suratwwala Business Group

• Buy Price: ₹124.65
• Target: ₹132
• Stop Loss: ₹119.90

AstraZeneca Pharma

• Buy Price: ₹7845.55
• Target: ₹8333
• Stop Loss: ₹7555

Hi-Tech Pipes

• Buy Price: ₹198.84
• Target: ₹212
• Stop Loss: ₹191

According to Bagadia, these stocks offer good buying opportunities for short-term gains, but investors should stick to the recommended stop loss levels to manage risk.