Breakout stocks to buy or sell: Extending their upward momentum for the second straight session, India’s benchmark indices — the and Nifty 50 — ended higher on Tuesday, November 11, supported by positive global cues.
The advanced 336 points, or 0.40%, to close at 83,871.32, while the Nifty 50 gained 121 points, or 0.47%, to settle at 25,694.95. Among broader indices, the BSE Midcap index inched up 0.20%, whereas the Smallcap index edged down 0.09%.
Sumeet Bagadia’s breakout stock recommendations
Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive as the index bounced back strongly after a week of opening at the opening bell and finished around 25,700.
Speaking on the outlook of the Indian stock market, Bagadia said, “ For a fresh uptrend, the 50-stock index needs to break above 25,750 on a closing basis. On breaking above 25,750, the key index may soon touch 26,100. So one should maintain a stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option.”
Stocks to buy today
Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today: Yatra Online, Anand Rathi Share and Stock Brokers, Latent View Analytics, Awfis Space Solutions, and KPR Mill.
1] Yatra Online: Buy at ₹165, target ₹177, stop loss ₹158;
2] Anand Rathi Share and Stock Brokers: Buy at ₹616, target ₹660, stop loss ₹595;
3] Latent View Analytics: Buy at ₹485, target ₹520, stop loss ₹466;
4] Awfis Space Solutions: Buy at ₹630, target ₹675, stop loss ₹605;
5] KPR Mill: Buy at ₹1094, target ₹1180, stop loss ₹1055.
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.