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Sumeet Bagadia Recommends 5 Breakout Stocks to Buy as Markets Hold Strong

The Indian stock market closed flat on Tuesday, with the Sensex and Nifty 50 hitting new highs during the session before slipping slightly. The Sensex ended at 84,914.04, down 15 points, while the Nifty 50 finished at 25,940.40, up just 1 point. The BSE Midcap index rose 0.21%, but the Smallcap index dipped 0.04%.

Investors are taking profits at record highs, even though the market mood remains positive after the Fed’s recent rate cut of 50 basis points. However, experts warn that concerns about high valuations could lead to more profit-taking in the days ahead.

The Nifty 50 could open lower on Wednesday, as indicated by the Gift Nifty trading around 25,925, down 20 points.

Sumeet Bagadia’s Stock Picks:

Sumeet Bagadia, Executive Director at Choice Broking, suggests buying on dips as long as the Nifty 50 stays above 25,800. He believes the index has strong support between 25,550 and 25,500 and expects it could rise to 26,300 or even 26,500 soon. He recommends focusing on specific stocks, especially those showing breakout patterns.

Here Are Bagadia’s Top 5 Stocks to Buy Today:

  1. S H Kelkar and Company
    • Buy at: ₹300.4
    • Target Price: ₹320
    • Stop Loss: ₹290
  2. AstraZeneca Pharma India
    • Buy at: ₹7,878.25
    • Target Price: ₹8,333
    • Stop Loss: ₹7,600
  3. Arvind SmartSpaces
    • Buy at: ₹866
    • Target Price: ₹915
    • Stop Loss: ₹835
  4. Vaswani Industries
    • Buy at: ₹55.68
    • Target Price: ₹59
    • Stop Loss: ₹54
  5. GeeCee Ventures
    • Buy at: ₹449.05
    • Target Price: ₹477
    • Stop Loss: ₹433

Bagadia suggests using any dip as a buying opportunity, especially if the Nifty stays above 25,800, and focusing on these breakout stocks for intraday trading.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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