Breakout shares buy or sell: Indian stock markets closed in the red on Tuesday, as both the Sensex and Nifty 50 extended their loss line to a third direct session. By the end of the trade, the BSE Senex 636.24 points, or 0.78%, fell and sat down at 80,737,51. Meanwhile, the NSE Nifty 50 174.10 points, or 0.70%, dropped to finish at 24,542.50. Sumeet Bagadia’s recommendations for Breakout shares Sumeet Bagadia, executive director at Choice Broking, believe that the Indian stock market sentiment is careful about being positive as the Nifty 50 index continues above 24,500. Bagadia said at the prospects of the Indian stock market: ‘When violating this support, the market’s prejudice can become weak and the key measure index can try to test 24,150 to 24,200 levels. On the top side, the 50 stock index is an obstacle to 24,800. So, one must maintain the stock -specific approach and look at the shares. ‘ Shares to buy today Sumeet Bagadia recommends five shares to buy today – Deepak FRTLSRS and PTRChMCLS Corp, Authutum Investment & Infrastructure, Ge Vernova T&D India, Signaturglobal (India) and India cements. 1]Deepak Frtlsrs and Ptrchmcls Corp: Buy at £ 1540.10, target £ 1663, stop loss £ 1486; 2]Authum Investment & Infrastructure: Buy at £ 2473.6, target £ 2647, stop loss £ 2387; 3]Ge Vernova T&D India: Buy at £ 2340.10, target £ 2504, stop loss £ 2258; 4]Signaturglobal (India): Buy at £ 1258.7, target £ 1360, stop loss £ 1214; 5]India Cement: Buy at £ 351.7, target £ 380, stop loss £ 339. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or brokerage companies. We strongly advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and individual circumstances can differ.
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