Breaking stocks to buy or sell: Following weak global market sentiment, the Indian stock market ended lower for the second consecutive session on Thursday. The Nifty 50 index lost 135 points and closed at 24,205, the BSE Sensex corrected 553 points and ended at 79,389, and the Nifty Bank index ended down 251 points at 51,555. spot market have remained stable in recent days, suggesting no great conviction from participants. The small-cap index ended up 1.6 percent even as the advance-decline ratio remained firm at 1.82:1.

Sumeet Bagadia Stocks to Buy on Muhurat Trading 2024

Sumeet Bagadia, executive director of Choice Broking, believes that the bias in the Indian stock market is low and the Nifty 50 index could go down to between 23,450 and 23,400 if the 50-stock index decisively falls below the support of 24,000 to 23,900. The Choice Broking expert said that the Nifty 50 index may attempt to retest its recent lows as it failed to cross the resistance of 24,400 several times. On the Muhurat Trade 2024 strategy, Sumeet Bagadia suggested a stock-specific approach and asked investors to look at stocks in breakout groups for intraday trading.

Speaking on Muhurat Trading 2024 Strategy for Indian stock market todaySumeet Bagadia said, “The bearish pressure on Dalal Street has eased after the pullback rally in Monday and Tuesday sessions. However, the Indian stock market will remain cautious until the Nifty 50 index crosses the threshold of 24,650 to 24,700. Similarly, the 50-stock index rebounded after touching the 24,000 mark, this which indicates that the frontline index forms a crucial base around the 24,000 to 23,900 area. For Muhurat trading in 2024, day traders are advised to maintain a stock-specific approach and look for stocks of breakage for. Intraday trading can be a good option. »

Regarding the escape stocks to buy todaySumeet Bagadia recommended buying these five stocks on Muihurat Trading 2024: Prudent, NPST, JSLL, Akzo Nobel India and Rushil Decor.

Stocks to Buy Today

1) Cautious: Buy from ₹3112.70, target ₹3350, stop loss ₹3000;

2) NPST: Buy from ₹3003.75, target ₹3200, stop loss ₹2900;

3) JSLL: Buy from ₹1744.70, target ₹1885, stop-loss ₹1690;

4) Akzo Nobel India: Buy from ₹4402.30, target ₹4747, stop loss ₹4250; And

5) Rushil Decor: Buy from ₹36.82, target ₹38.70, stop loss ₹35:50.

Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to consult certified experts before making any investment decisions.