Due to US tariff policies Indian Stock market is under pressure. Major Banks and auto companies are still declining. This is all because of the investor sentiment related to U.S Policies.
Yesterday BSE fell by 203.22 points which is 0.27% decline and closed at 75,735.96. On the other hand Nifty 50 index dropped 19.75 points which is 0.09% drop and closed at 22,913.15. Now what about today? Searching for good stocks to invest and grab some profits? Let’s check what expert Sumeet Bagadia has to say.
Stocks to buy today by Sumeet Bagadia
Sumeet Bagadia, Executive Director of Choice Broking say, a Bullish or Bearish trend can be assumed on the breakage of either side of the range. Investors are required to strongly look at the technical charts. Also, he suggested some good stocks that can break out today.
Breakout Stocks by Sumeet Bagadia
1. Associated Alcohols & Breweries: Sumeet Bagadia suggests buying these stocks at Rs 1215.9 with a target of Rs 1315 and keeping a stop loss at Rs 1165.
2. Bajaj Holdings & Investment: This stocks have good potential in market today. Investors can buy shares at RS 12454.3 and target for Rs 13300. Do remember to keep a stop loss at Rs 11950.
3. Global Health (Medanta): Another good share is Global Health Medanta, it can be bought at Rs 1206.4 and targeted for Rs 1290. There should be a stop loss set at Rs 1165.
4. Jindal Drilling and Industries: According to Sumeet Bagadia Jindal Drilling and industries stock can be purchased at Rs 934.9 and target price is set at Rs 999. There should be a stop loss at Rs 900 as well.
5. Asahi India Glass: Last on the list is Asahi India Glass. This stock can be taken at Rs 714 with a target price of Rs 760. Investors should keep a stop loss at Rs 688.
