Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today

Key Highlights

• While steady DII inflows could cushion any declines, near-term direction will remain highly sensitive to FII flows and external cues.
• Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market is sideways to positive as the Nifty 50 index is trading in a tight 25,500 to 25,900 range.
• A bullish or a bearish trend can be assumed on the breakage of either side of this range.
• Speaking on the outlook of the Nifty 50 index, Sumeet Bagadia said, "The Nifty 50 index is currently trading below the 20, 50, and 100 EMA, reflecting weak short-term momentum, while the 200 EMA near 25,940 remains a key overhead resistance.
• Recent candles show a mild recovery attempt, but the structure still reflects lower highs, suggesting that the move is corrective rather than trend-reversing.