Indian Stock Market Analysis and Recommendations

The Indian stock market benchmarks - the Sensex and Nifty 50 - closed flat on Monday, July 7, amid uncertainty surrounding the India-US trade deal. The Nifty 50 closed unchanged at 25,461, while the Sensex edged up by just 9.61 points to settle at 83,442.50. Despite the tight range in the Nifty 50 index, positive sentiment in the Indian stock market is sustaining, according to Sumit Bagadia, Executive Director at Choice Broking. Bagadia believes that the Nifty 50 index is facing resistance at 25,550, while strong support is seen at 25,250 levels. For breakout stock recommendations, Bagadia suggests maintaining a stock-specific approach and looking at stocks showing strength on the technical chart. In this context, he recommends five breakout stocks to buy today:

1. Aries Agro Ltd (CN): Buy at ₹356, Target ₹380, Stop Loss ₹264
2. Ind Swift Laboratories: Buy at ₹120.15, Target ₹130, Stop Loss ₹116
3. HUHTAMAKI India: Buy at ₹231.73, Target ₹250, Stop Loss ₹223
4. Bliss GVS Pharma: Buy at ₹162.97, Target ₹176, Stop Loss ₹157
5. Diamond Power Infrastructure: Buy at ₹145.25, Target ₹156, Stop Loss ₹140

Disclaimer: This analysis is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. Investors are advised to consult with certified experts before making any investment decisions.