The Indian stock market has taken a cautious turn, with the Sensex and Nifty 50 ending the session on a flat note but with a negative undertone. This shift in sentiment has left investors wondering what's next for their investments. Remember, this is a perspective, not a prediction, and it's essential to do your own research before making any investment decisions.
The Sensex slipped 78 points to end at 84,481.81, while the Nifty 50 edged down 3 points to settle at 25,815.55. The BSE Midcap index posted marginal gains of 0.05%, whereas the Smallcap index declined 0.28%. This mixed performance has made it challenging for investors to decide which stocks to buy or sell.
Sumeet Bagadia, Executive Director at Choice Broking, recommends a stock-specific approach, focusing on those stocks that are looking strong on the technical chart. He believes that a positive trend can be expected only when the Nifty 50 index closes above 26,000 on a closing basis.
Bagadia recommends the following five stocks to buy, which have the potential to be breakout stars:
These stocks have shown promising signs of growth and have the potential to give investors a significant return on investment. However, it's crucial to keep in mind that the Indian stock market can be unpredictable, and it's essential to stay informed and adapt to the changing market trends.
The Indian stock market is currently experiencing a cautious sentiment, and investors need to be vigilant and make informed decisions. By focusing on breakout stocks and maintaining a stock-specific approach, investors can navigate the market and make the most of the available opportunities.
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