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Rout stocks to buy or vend Sumeet Bagadia recommends five shares to buy moment — 30 December 2024

 rout stocks to buy or vend Sumeet Bagadia recommends five shares to buy moment — DCX Systems, Manaksia Coated Essence, Camlin Fine lores, Sikko diligence, and IXIGO

Stock request moment Sumeet Bagadia believes that the overall Indian stock request sentiment is range- bound as the Nifty 50 indicator has failed to break above the 200- DEMA chain, which was placed at 23,850.( PHOTO MINT)

Rout stocks to buy or vend The Indian stock request continued to trade sideways throughout the week as the Nifty 50 indicator failed to break above the 200- DEMA chain, which was placed at 23,850. The 50- stock indicator closed 82 points north at 23,832 on Friday; the BSE Sensex finished 259 points up at 78,732, while the Bank Nifty indicator ended 162 points advanced at 51,333 on the last trade session of the abbreviated week.

Subdued movement continues in theMid-cap and Small- cap indicators, whereas the NiftyMid-cap 100 indicator fell by 0.26 while the Nifty Small- cap indicator gained 0.15. Declining shares outnumbered the advancing shares for the eighth day on the witch, where the advance- decline rate stood at 0.96 on BSE. Amongst the sectoral indicators, Nifty Pharma, Auto, and Healthcare gained the most, while Nifty Metal, PSU Banks, and OIL/ GAS were significant disasters.

 Sumeet Bagadia’s rout stock recommendations

 Sumeet Bagadia, Executive Director at Choice Broking, believes that the overall Indian stock request sentiment is range- bound as the Nifty 50 indicator has failed to break above the 200- DEMA chain, which was placed at 23,850. The Choice Broking expert said the 50- stock indicator has made immediate support at 23,500, whereas the pivotal support for the frontline indicator is at 23,250. He noted that the current range of the Nifty 50 indicator is 23,200 to 23,850, and a bullish or bearish trend can be assumed on the breakage of either side of the range. Bagadia suggested investors look at those stocks that look strong on the specialized map.

 Speaking on the outlook for the Indian stock request moment, Sumeet Bagadia said,” Overall, India’s stock request bias is sideways to positive as the Nifty 50 indicator has failed to break above the 200- DEMA chain, which places at the the 23,850 mark. The 50- stock indicator has immediate support placed at 23,500 and pivotal support at 23,250. So, the frontline indicator of Dalal Street is trading in a broader range of 23,250 to 23,850 range. A bullish or bearish trend can be assumed on the breakage of either side of this range. So, one should look at stocks that look strong on the specialized map. Looking at rout stocks for intraday trading can be a good option.”

Source:- https://www.livemint.com/market/stock-market-news/breakout-stocks-to-buy-or-sell-sumeet-bagadia-recommends-five-shares-to-buy-today-30-december-2024-11735521741165.html


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