Breakout stock to buy or sell: Indian stock market faced sales pressure for fourth straight session on Monday, February 10, with benchmark Sensex More than 600 points during intraday trading and near Nifty 23,350.
Sensex The session was reduced by 548 points, or 0.70 percent, ended at 77,311.80, while the Nifty lost 178 points or 0.76 percent, to settle at 23,381.60.
BSE Sensex opened slightly less than its previous bandh of 77,860.19, slightly less than its previous bandh of 77,860.19, 77,860.19 at 77,106.89. Meanwhile, the NSE Nifty started from 50 23,543.80, below its previous closure of its previous 23,559.95, and fell from 244 points or 1 percent to 23,316.30.
Sumit Bagadia’s breakout stock recommendations
Choice Broking Executive Director Sumit Bagadia believes that the Indian stock market is cautious Nifty 50 The index reaches its major support limit of 23,250 to 23,300.
Today, on the approach to the Indian stock market, Sumit Bagadia said, “The Indian stock market spirit is cautious as the Nifty 50 index is close to its important support area of 23,250 to 23,300. Dalal Street BIS may weaken if the frontline index breaks decisively under this important support area. Even if the 50-stock index remains above this support area, any bull can accept trends, only after breaking a benchmark index above 23,800 on a closing basis. Therefore, it is advisable to maintain a stock-specific approach for intraday trading. Anyone can see a breakout stock for intraday trading. ,
Regarding breakout shares for intraday trading, Sumit Bagadia today recommended to buy these five shares: Camlin Fine Sciences, Shankara Building Products, Redington, Avanti Feeds and Vimta Labs.
Stock to buy today
1] Calin Fine Sciences: Buy on 142.2, target 152, loss stop 137;
2] Shankara Building Products: Buy on 638.15, target 680, loss stop 612;
3] Radington: Buy on 241.96, target 260, loss stop 233;
4] Avanti feeds: Buy on 743.1, target 790, loss stop 720;
5] Vimta labs: Buy on 1064.8, target 1150, closed loss 1025.
Disclaimer: The ideas and recommendations provided in this analysis belong to individual analysts or broking companies, not mints. We recommend investors to consult certified experts before making any investment decisions, as market conditions may change rapidly and individual conditions may be different.
