Breakthrough Stocks to Buy or Sell: Paytm for Fortis Healthcare – Sumit Bagadia Recommends Five Stocks to Buy Today

Breakout stocks to buy or sell: Following renewed tensions over Russian-Ukrainian war And Gautama Adani News about verification in a US court, Indian stock market witnessed sharp selling during trading on Thursday. Nifty 50 The index lost 171 points to close at 23,346, the BSE Sensex corrected 434 points to close at 77,144 and the Bank Nifty closed 189 points lower at 50,436.

NSE cash market volumes were 20% higher than Tuesday. Nifty Mid-cap 100 and Small-cap 100 fell 0.30% and 0.46%, respectively. Declining stocks outnumbered advancing stocks with the advance-to-decline ratio at 0.45 on the BSE. Among the sectoral indices, Nifty Reality and IT posted the highest gains, while Nifty PSU Banks, Media and Metal fell the most.

Calls from Sumit Bagadia about buying and selling

Sumit Bagadia, chief executive of Choice Broking, believes the Indian stock market will continue to remain volatile due to renewed geopolitical tensions caused by the Russia-Ukraine war. Gautam Adani’s news of a vote count audit in the US may also continue to haunt the Indian stock market ahead of the Assembly election results scheduled for November 23, 2024, a Choice Broking expert said. An expert at Choice Broking said the Nifty 50 index provided crucial support. around the 200-DEMA zone from 23,200 to 23,000. A break below this support could further intensify selling on Dalal Street.

Sumit Bagadia suggested a stock-specific approach and advised day traders to look at breakout stocks for intraday trading.

Talking about prospects stock market todaySumit Bagadia said, “Indian stock market is under pressure due to various reasons such as renewed geopolitical tensions caused by Russia-Ukraine war, Gautam Adani news of US court probe, FII selling, Maharashtra and Jharkhand assembly election results etc The Nifty 50 index has crucial support at the 200-DEMA level from 23,200 to 23,000 points. decisive support, sales can strengthen. Therefore, one should continue to take a stock-specific approach and focus on breakout stocks for day trading.”

Regarding the breakthrough stocks worth buying todaySumit Bagadia has recommended these five stocks to buy: Paytm, Dhani Services, Amber Enterprises, Fortis Healthcare and ADF Foods.

Stocks worth buying today

1) Payment: Buy at ₹845.40, target ₹905, stop loss ₹816;

2) Dhani Services: Buy at ₹73.55, target ₹79, stop loss ₹71;

3) Amber enterprises: Buy at ₹6545.60, target ₹6750, stop loss ₹6317;

4) Fortis Healthcare: Buy at ₹680.70, target ₹728, stop loss ₹657; And

5) ADF Products: Buy at ₹302.75, target ₹324, stop loss ₹292.

Disclaimer: The opinions and recommendations expressed above are those of the individual analysts or brokerage firms and not Mint. We advise investors to consult with certified experts before making any investment decisions.