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Analyst Recommends 5 Breakout Stocks as Indian Markets Dip
6 Aug
Summary
- Sensex and Nifty indices decline for third time in four days
- Analyst Sumeet Bagadia identifies 5 breakout stocks to buy
- Nifty faces resistance at 24,900, trading in 24,500-24,950 range
On August 5, 2025, the Indian stock market benchmarks Sensex and Nifty resumed their downward trajectory, marking the third decline in the last four trading days. The BSE Sensex ended the day 308 points lower, slipping 0.38% to close at 80,710, while the NSE Nifty 50 dropped 73 points, or 0.30%, to finish at 24,649.
Amid the broader market decline, analyst Sumeet Bagadia has identified five breakout stocks that he recommends buying: Kamat Hotels (India), Igarashi Motors India, Sterlite Technologies, Yatharth Hospital & Trauma Cre Srvcs, and UNO Minda. Bagadia noted that the Nifty is facing resistance at the 50-day exponential moving average (DEMA) level, which is around 24,900, and the key benchmark index is currently trading in a tight range of 24,500 to 24,950. He advised investors to maintain a stock-specific approach and look for stocks that are showing technical strength.
