On Tuesday, the stock market assets of India , including Sensex and Nifty 50 reach by over 1 %, and turn positive for year. As per the Sumeet Bagadia’s breakout stock recommendations, sensex has rise by 0.5%, whereas the nifty 50 has rise by 0.40%.
Sensex close the stock market session by 1,397 points or 1.81%, at 78,583.81, whereas the Nifty 50 close market by rise of 378 points or 1.62%, at 23,739.25. It highlights the first positive month of nifty 50 since October of the previous year.
Sumeet Bagadia’s breakout stock recommendations
Executive Director at Choice Broking, Sumeet Bagadia believe that India stock market has make positive edge because Nifty 50 index has passed the 50-day exponential moving average (50-DEMA) level, and breaks previous record by 23,650 to 23,700 range.
He said, “ India stock market has make bullish turn because Nifty 50 index has broken the 50-DEMA barrier placed at 23,650 to 23,700 range. Now, 50- stock index will reach to 24,200 mark, and it act as strong support for frontline index, placed at 20-DEMA zone placed around 23,300 mark.
He suggests traders look at technically strong shares to increase their returns in a bullish market. Intraday traders are recommended to break out stocks, as per Sumeet tips. For intraday trading, he suggests traders invest in these shares today on 5 Feb, Mastek Ltd, Concord Biotech, Krishna Institute Of Medical Sciences, Equitas Small Finance Bank, and Craftsman Automation.
Top Stocks to Buy on 5 February 2025
- Mastek Ltd: As per Sumeet Bagadia’s breakout stock recommendations , Buy at ₹2,678.90, stop loss ₹2,585, target ₹2,866 ,
- Concord Biotech: Buy at ₹2,237.25, stop loss ₹2,159, target ₹2,394,
- Krishna Institute Of Medical Sciences: Buy at ₹639.95, stop loss ₹617, target ₹685,
- Equitas Small Finance Bank: Buy at ₹71.32, stop loss ₹68.82, target ₹76.3,
- Craftsman Automation: Buy at ₹4,386.55, stop loss ₹4,233, target ₹4,694.
Read Also: AAP vs BJP vs Congress: Who Will Win Delhi Elections 2025