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Mint
an hour ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 11 June 2025
Breakout stocks buy or sell: Indian stock market benchmark Sensex ended its four-day winning run on Tuesday, June 10, as investors booked profits amid mixed global signals. The Sensex slipped by 53 points, or 0.06%, to close at 82,391.72, while the Nifty 50 edged up marginally by 1 point to settle at 25,104.25. The mid and small-cap segments delivered stronger performance, with the BSE Midcap index closing up by 19 points and the BSE Smallcap index gaining 176 points. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is positive as the Nifty 50 index is sustaining above 25,000. Speaking on the outlook of Indian stock market, Bagadia said, ' Once the Nifty 50 index breaks above 25,150 decisively, we can soon expect the benchmark index to touch 25,600 and 26,000 decisively. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Gulf Oil Lubricants India, Tata Investment Corporation, Banco Products (India), Data Patterns (India), and Allied Blenders and Distillers. 1] Gulf Oil Lubricants India: Buy at ₹ 1237.7, target ₹ 1315, stop loss ₹ 1190; 2] Tata Investment Corporation: Buy at ₹ 7325, target ₹ 7850, stop loss ₹ 7050; 3] Banco Products (India): Buy at ₹ 609.35, target ₹ 650, stop loss ₹ 585; 4] Data Patterns (India): Buy at ₹ 3123.4, target ₹ 3350, stop loss ₹ 3010; 5] Allied Blenders and Distillers: Buy at ₹ 444.5, target ₹ 470, stop loss ₹ 430. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
an hour ago
- Time of India
Asian stocks to track US gains on trade talk hopes
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Stocks in Asia are set to follow gains on Wall Street as investors monitor trade discussions between the US and China that Commerce Secretary Howard Lutnick said were 'going really, really well.'Equity futures pointed to advances in Sydney, Tokyo and Hong Kong after the S&P 500 closed 0.6% higher. Tesla Inc. led gains in megacaps. Bonds barely budged after a $58 billion sale of three-year notes, the first in a trio of offerings that will culminate in Thursday's sale of 30-year debt. The dollar saw small moves ahead of a key inflation report, while Bitcoin tested its record between the US and China extended into their second day in London, with a Treasury official saying the teams were trying to iron out technical details.'Any materially positive or negative trade-talk headlines out of London, where US and Chinese negotiations remain underway, could meaningfully move markets,' said Tom Essaye at The Sevens Wednesday is expected to show US consumers probably saw slightly faster inflation in May, notably for merchandise, as companies gradually pass along higher import duties. That may reinforce the Federal Reserve's wait-and-see stance toward further easing as it assesses the impact of tariffs, with traders increasingly betting that the central bank will cut interest rates just once this of goods and services, excluding volatile food and energy costs, are expected to show a 0.3% advance in May, the most in four months. The so-called core consumer price index, which is regarded as a better indicator of underlying inflation, is seen accelerating for the first time this year — to 2.9% — on an annual basis, based on the median projection.A survey conducted by 22V Research showed 42% of investors believe that the market reaction to CPI data will be 'risk-on', 33% said 'mixed' and 25% 'risk-off'. It's the first time the reaction has favored risk-on since August 2024, 22V said.'The combination of the May inflation figures and upcoming Treasury supply will provide investors tradable events and add to the market's collective understanding of the early fallout from the trade war as well as demand for US debt in the current environment,' said Ian Lyngen at BMO Capital on long-term global debt have soared in recent weeks as concern over spiraling debt and deficits led some investors to shun the securities and prompted others to demand a higher premium for the risk of lending to betting that yields on long-dated Treasuries will keep rising faster than those on shorter notes risk getting burned, according to BNP Paribas SA's Guneet Dhingra. He said 30-year bonds already price in the worsening fiscal picture and could rebound if there's strong demand for an auction or deficit fears ease.
Mint
an hour ago
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Wednesday — 11 June 2025
Stock Market Today: The benchmark Nifty-50 Index ended flat at 25,104.25 amidst ongoing consolidation in the market that is awaiting fresh triggers. The Bank Nifty at 56,629.10 ended 0.37% lower amidst mixed trend in the sectoral indices. Many indices led by Realty ended in the red while IT, pharma, energy were among gainers> The broader indices also ended almost flat. Despite showing choppy movement in the short term, the near-term uptrend setup of Nifty remains positive and a sustainable move above 25200 levels could open the next upside towards 25600 levels in the near term. Immediate support is placed at 25000-24900 levels, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. For Bank Nifty immediate support is seen at 55,400, however Bajaj Broking expects the index to maintain its upward bias. Investors will be closely watching Trump's speech later today and the U.S. inflation report due on Wednesday and India CPI due on Thursday, for further direction. Looking ahead, we expect markets to continue to consolidate and remain range-bound with a positive bias, said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks These include Adani Green Energy Ltd, Dr Reddy's Laboratories Ltd, Bharat Forge Ltd, CESC Ltd, Cummins India Ltd , Torrent Power Ltd m Chambal Fertilisers & Chemicals Ltd and GlaxoSmithKline Pharmaceuticals Ltd Adani Green Energy Ltd- Bagadia Buy ADANIGREEN at around ₹ 1060.5 keeping Stoploss at ₹ 1023 for a target price of ₹ 1135 ADANIGREEN is currently trading near ₹ 1060, showing a strong recovery with three consecutive bullish sessions, which signals a significant reversal in momentum. The stock has successfully broken out of its recent lower high, supported by a notable increase in trading volumes that indicates strong buying interest. If ADANIGREEN maintains its position above the ₹ 1150 level, it is well-positioned for further upward movement, with a potential target of ₹ 1135. 2. Dr Reddy's Laboratories Ltd- Bagadia recommends buying Dr Reddy's Laboratories at around ₹ 1348.80 keeping Stoploss at ₹ 1300 for a target price of ₹ 1443 DRREDDY is currently trading at the levels of 1348.8, exhibiting a strong bullish trend on the daily chart, having recently completed a breakout from an ascending channel pattern. This breakout is supported by rising volumes and consistent upward price action over recent sessions. The stock has gained significant momentum, rallying to a recent high of 1362.6. 3. Bharat Forge Ltd - Dongre recommends buying BHARATFORG at around ₹ 1340 keeping Stoploss at ₹ 1310 for a target price of ₹ 1380 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1340 and maintaining a strong support at ₹ 1310. The technical setup indicates the potential for a price retracement towards the ₹ 1380 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1310 offers a prudent approach to capturing the anticipated upside. 4. CESC Ltd - Dongre recommends buying CESC at around ₹ 171 keeping Stoploss at ₹ 164 for a target price of ₹ 183 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 171 and maintaining a strong support at ₹ 164. The technical setup indicates the potential for a price retracement towards the ₹ 183 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 164 offers a prudent approach to capturing the anticipated upside. 5. Cummins India Ltd- Dongre recommends buying CUMMINSIND @ 3388 SL 3440 TGT 3500In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 3388 and holding above a key support level at ₹ 3440. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 3440 to manage downside risk. The target for this trade is set at ₹ 3500, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Torrent Power Ltd- Koothupalakkal recommends buying TORRENT POWER at around ₹ 1451 for a target price at ₹ 1520 keeping stop loss at Rs1425 The stock after a short period of consolidation has indicated a bullish candle formation on the daily chart just moving past the important 50EMA level at ₹ 1441 with decent volume participation involved to improve the bias and can anticipate for further rise in the coming sessions. The RSI has been flat for quite a while and has indicated a positive trend reversal to indicate strength and can carry on with the positive move further ahead. With the chart technically well positioned. 7. Chambal Fertilisers & Chemicals Ltd- Koothupalakkal recommends buying CHAMBAL FERT at around ₹ 565 for a target price of ₹ 590 keeping Stop loss at ₹ 553 The stock after witnessing a significant correction has indicated a strong bullish candle formation taking support near the 200 period MA at ₹ 540 zone and has improved the bias to expect for further gains in the coming sessions. The RSI has triggered the buy signal from the highly oversold zone and looks very much attractive with much upside potential visible and can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 590 keeping the stop loss of ₹ 553 level. 8. GlaxoSmithKline Pharmaceuticals Ltd- Koothupalakkal recommends buying GlaxoSmithKline Pharmaceuticals or GLAXO at around ₹ 3398 for a target price of ₹ 3520 keeping Stop loss at ₹ 3340 The stock after witnessing the short period of correction from ₹ 3500 level, it has indicated a strong recovery in the final hours with volume participation visible and has improved the bias in the hourly chart to anticipate for further rise in the coming session. The RSI in the hourly time frame is well placed and has indicated a buy signal to expect for another round of fresh momentum to gain further. With the chart looking good, we suggest buying the stock for an upside target of ₹ 3520 level keeping the stop loss of ₹ 3340 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
