Sumeet Bagadia Recommends 5 Breakout Stocks to Buy Today
Indian Stock Market Ends on a Positive Note
The Indian stock market closed on a positive note on Wednesday, May 14th, fueled by positive global signals suggesting a reduction in geopolitical tensions. The Sensex gained 182 points, or 0.22%, to finish at 81,330.56, while the Nifty 50 advanced 89 points, or 0.36%, settling at 24,666.90.
Breakout Stocks: Sumeet Bagadia’s Insight
Sumeet Bagadia, Executive Director at Choice Broking, believes the market sentiment is cautiously optimistic, with the Nifty 50 trading within the 24,500 to 24,800 range. He suggests that a definitive bullish or bearish trend will emerge if the index breaks either of these boundaries. Bagadia emphasizes a stock-specific approach, focusing on stocks demonstrating strength on technical charts.
Sumeet Bagadia’s Top 5 Breakout Stock Picks for Today:
- eClerx Services Limited: Buy at ₹2748.70, target ₹2970, stop loss ₹2652;
- Fusion Finance: Buy at ₹185.08, target ₹202, stop loss ₹178;
- Acme Solar Holdings: Buy at ₹237.78, target ₹254, stop loss ₹229;
- DCX Systems: Buy at ₹329.35, target ₹352, stop loss ₹318;
- Roto Pumps: Buy at ₹257.05, target ₹275, stop loss ₹248.
It’s important to note that these are just recommendations, and investors should conduct their own research and consider their risk tolerance before making any investment decisions.
