Breakout Stocks to Watch: Sensex, Nifty Near Record Highs; Expert Picks by Sumeet Bagadia

The Indian stock market ended almost flat on Thursday, November 27, after hitting new intraday record highs, as investors booked profits.

  • Sensex touched a fresh peak of 86,055.86, gaining 446 points during intraday trade, but closed with a modest rise of 111 points (0.13%) at 85,720.38.
  • Nifty 50 reached a lifetime high of 26,310.45, but profit booking brought it down to 26,215.55, just 10 points (0.04%) higher than the previous close.

Expert Outlook: Sumeet Bagadia

Sumeet Bagadia, Executive Director at Choice Broking, remains positive on the market. He believes Nifty 50 could touch 26,500 in the near term. According to him, the crucial support lies between 25,750–25,800. If this holds after profit booking, the index could potentially reach 27,200.

Bagadia advises investors to adopt a stock-specific approach and focus on technically strong breakout stocks.

Stocks to Buy Today (Breakout Picks)

  1. Carraro India
    • Buy at: ₹557
    • Target: ₹600
    • Stop Loss: ₹535
  2. Precision Wires India
    • Buy at: ₹256
    • Target: ₹276
    • Stop Loss: ₹248
  3. Belrise Industries
    • Buy at: ₹167
    • Target: ₹181
    • Stop Loss: ₹162
  4. Eureka Forbes
    • Buy at: ₹607
    • Target: ₹650
    • Stop Loss: ₹585
  5. Tatva Chintan Pharma Chem
    • Buy at: ₹1,492
    • Target: ₹1,600
    • Stop Loss: ₹1,444

Investors looking for short-term gains should monitor these breakout stocks while keeping track of support levels in the broader market.

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