Breakout stocks to buy or sell: Reliance Infra to Prism Johnson — Sumeet Bagadia recommends five shares to buy today
Live MintBreakout stocks to buy or sell: Following gains in the US and Asian stock markets, the Indian stock market ended at a record closing high on Friday last week. Sumeet Bagadia's intraday stocks for today Sumeet Bagadia, Executive Director at Choice Broking, believes that overall Indian stock market bias has turned bullish after the Nifty 50 index climbed to a new peak on Friday. Speaking on the outlook of the Indian stock market today, Sumeet Bagadia said, "The nifty 50 index breached above the crucial 25,800 barrier on Friday, and the first few hours on Monday would be crucial. Regarding breakout stocks to buy today, Sumeet Bagadia recommended buying these five shares: Marksans Pharma, Concord Biotech, Magadh Sugar, Prism Johnson, and Reliance Infra. Shares to buy today 1] Marksans Pharma: Buy at ₹318.35, target ₹336, stop loss ₹307; 2] Concord Biotech: Buy at ₹2601.10, target ₹2750, stop loss ₹2515; 3] Magadh Sugar: Buy at ₹957.45, target ₹1010, stop loss ₹920; 4] Prism Johnson: Buy at ₹219.45, target ₹233, stop loss ₹211; 5] Reliance Infra: Buy at ₹316.30, target ₹335, stop loss ₹305.