Breakout stocks to buy or sell: Due to weak global cues, investors booked profits, causing the Indian stock market to close down on Friday, March 28. Because of US President Donald Trump’s tariff policies, market sentiment remained vulnerable.
The Nifty 50 slid 73 points (0.31%) to close at 23,519.35, while the Sensex fell 192 points (0.25%) to conclude at 77,414.92.
Small- and mid-cap stocks did not perform well; the BSE Smallcap index lost 0.35% and the BSE Midcap index fell 0.68%.
Sumeet Bagadia’s breakout stock recommendations
Given that the Nifty 50 index has a solid immediate base in the range of 23,400 to 23,350, Choice Broking Executive Director Sumeet Bagadia thinks that sentiment in the Indian stock market is favorable.
“The broader range of Nifty today is 23,000 to 23,800,” Bagadia stated when discussing the prospects for the Indian stock market. When either side of the range is broken, a bullish or bearish trend can be inferred. However, one should refrain from short positions, stick to a stock-specific strategy, and focus on equities that appear to be performing well on the technical chart.
Godfrey Phillips India, Fortis Healthcare, Radico Khaitan, Simplex Infrastructures, and Mangalore Chemicals and Fertilizers are the seven breakout equities that Sumeet Bagadia advised purchasing today.
Stocks to buy today
1] Godfrey Phillips India: Buy at ₹6769.20, target ₹7250, stop loss ₹6538;
2] Fortis Healthcare: Buy at ₹698.35, target ₹744, stop loss ₹671;
3] Radico Khaitan: Buy at ₹2428.95, target ₹2600, stop loss ₹2343;
4] Simplex Infrastructures: Buy at ₹322.05, target ₹345, stop loss ₹310;
5] Mangalore Chemicals and Fertilisers: Buy at ₹155.66, target ₹167, stop loss ₹150.
