Buy or Sell: Sumeet Bagadia Recommends 5 Breakout Stocks Amid Nifty 50’s Volatility – Shares to Buy Today

Breakout stocks to buy or sell: The Indian stock market has seen a lot of ups and downs lately, with the Nifty 50 index dropping by 41 points to close at 25,377. The BSE Sensex also lost 131 points, ending at 82,948. However, the Bank Nifty index gained 561 points, finishing at 52,750. Meanwhile, the Small-cap index fell by 0.52%, and the Mid-cap index dropped by 0.71%.

Stock picks by Sumeet Bagadia

Sumeet Bagadia, Executive Director at Choice Broking, remains positive about the Indian stock market overall. He said the Nifty 50 index is currently facing resistance in the 25,400 to 25,450 range. If the index breaks through this level, it could reach 25,900. With a possible aggressive interest rate cut by the US Fed, market sentiment could further improve. Bagadia advises traders to focus on specific breakout stocks for intraday trading.

Here are his recommendations for stocks to buy today:

Crest Ventures

• Buy at ₹545, target ₹575, stop loss ₹525

BSE

• Buy at ₹3844, target ₹4050, stop loss ₹3700

Menon Bearings

• Buy at ₹135.60, target ₹144, stop loss ₹130

Graphite India

• Buy at ₹586.35, target ₹620, stop loss ₹565

Torrent Power

• Buy at ₹1933, target ₹2040, stop loss ₹1855

Bagadia added that focusing on breakout stocks and adopting a stock-specific approach could be a good strategy for intraday traders as the market heads towards breaking key resistance levels.