On April 29, the Indian stock market experienced a rather stagnant trading session, with both the Nifty 50 and Sensex indices showing minimal movement. The Nifty 50 concluded at 24,355, reflecting a modest increase of 0.03%, while the Sensex climbed slightly by 0.09%, finishing at 80,288 points. Interestingly, broader market indices outperformed these benchmarks, with the Nifty Midcap 100 and Nifty Smallcap 100 both registering gains of 0.31% and 0.37%, respectively.
Market Sentiment and Expert Insights
According to Sumeet Bagadia, Executive Director at Choice Broking, the mood in the Indian stock market is teetering between cautious and optimistic. Despite the Nifty 50’s flat close, it struggled to surpass the crucial resistance level of 24,350. During the ongoing Q4 earnings season for 2025, Bagadia emphasized the importance of a stock-specific strategy. He stated that investors should focus on stocks demonstrating strength in their technical charts, as breakout stocks could be promising for intraday trading.
Top Breakout Stock Recommendations
Bagadia has identified five key stocks to consider for today’s trading:
- Aspinwall and Company: Buy at ₹284.75, target of ₹305, with a stop loss at ₹275.
- Data Patterns (India): Buy at ₹2,556.90, target of ₹2,750, with a stop loss at ₹2,460.
- Sarla Performance Fibers: Buy at ₹107.60, target of ₹115, with a stop loss at ₹103.50.
- Kilitch Drugs (India): Buy at ₹400.90, target of ₹430, with a stop loss at ₹385.
- Gillanders Arbuthnot & Co: Buy at ₹117.46, target of ₹125, with a stop loss at ₹113.
As the market navigates through these fluctuations, keeping an eye on these recommendations could help traders capitalize on potential gains. Always ensure to evaluate the risk involved and stay informed about market trends for better decision-making.
For additional insights on market trends, consider checking out our articles on the current performance of BPCL shares and other significant stocks.
