Breakout stocks to buy: Sumeet Bagadia recommends five shares to buy today
Live MintBreakout stocks to buy today: Following weakness in the global markets and the rising US dollar putting the Indian National Rupee under pressure, the Indian stock market fell for the fifth successive session on Wednesday. Sumeet Bagadia's stocks to buy today Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market bias has weakened as the Nifty 50 index tested its 200-DEMA during Wednesday's session. Speaking on the outlook of the Indian stock market today, Sumeet Bagadia said, "The Nifty 50 index has broken below its 23,700 support decisively, and the 50-stock index tested 50-DEMA levels during the intensified selling on Wednesday. Regarding breakout stocks to buy today, Sumeet Bagadia recommended buying these five shares: Windsor Machines, TTL, Suven Pharma, Paradeep Phosphates, and Windlas Biotech.