Breakout stocks to buy or sell: The closed sharply lower on Wednesday, September 24, weighed down by weak global cues.
The market extended its decline for a fourth straight session, weighed down by weak global signals, a stronger dollar, ongoing valuation concerns, persistent FII selling, and the impact of Trump’s tariffs.
The slipped 386 points, or 0.47 per cent, to finish at 81,715.63, while the Nifty 50 declined 113 points, or 0.45 per cent, to settle at 25,056.90 — marking the fourth straight session of losses for the benchmarks.
Meanwhile, the BSE Midcap index dropped 0.85 per cent and the Smallcap index ended 0.50 per cent lower.
Sumeet Bagadia’s breakout stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious as the index has slipped close to 25,000 levels after logging losses in the last four straight sessions.
Speaking on the outlook of Indian stock market, Bagadia said, “ The key benchmark index has crucial support at 24,900. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart.”
Stocks to buy today
Sumeet Bagadia recommends five breakout stocks to buy today: NLC India, MTAR Technologies, Cupid, Carraro India, and Medi Assist Healthcare Services.
1] NLC India: Buy at ₹280.35, target ₹303, stop loss ₹270.53;
2] MTAR Technologies: Buy at ₹1929.20, target ₹2065, stop loss ₹1861;
3] Cupid: Buy at ₹221.93, target ₹238, stop loss ₹214;
4] Carraro India: Buy at ₹483.4, target ₹517, stop loss ₹466;
5] Medi Assist Healthcare Services: Buy at ₹540.90, target ₹540, stop loss ₹521.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.