Breakout stocks to buy or Sell – Sumeet Bagadia

The Indian equity market traded with a cautious, range-bound tone as investors assessed the RBI’s decision to keep policy rates unchanged, underscoring its preference for stability amid improving global trade visibility following recent US tariff adjustments. Sentiment found support from regulatory clarity after the RBI indicated that banks would be allowed to lend to REITs, improving long-term funding visibility for the real estate and credit ecosystem. A mild recovery in the rupee, aided by lower corporate dollar demand, also helped ease near-term currency concerns.

Market Outlook – Sumeet Bagadia, Executive Director, Choice Broking
Bagadia believes the market undertone has turned slightly bullish, with the Nifty 50 rebounding sharply from a weak start and closing above 25,650. The index now faces a key resistance zone at 25,800–25,850; a decisive breakout above this band could pave the way for a fresh bullish phase.

Nifty 50 Outlook
The Nifty opened weak and remained under pressure in the first half, slipping to an intraday low of 25,491.90. A strong second-half recovery—nearly 210 points from the day’s low—helped the index settle at 25,693.70, highlighting robust buying interest at lower levels. Immediate resistance is placed at 25,800–25,850, while support lies at 25,550–25,600.
The daily RSI at 52.72 suggests neutral momentum with a mild bullish bias. In derivatives, notable put writing at 25,500 and call writing at 25,800 and 26,000 indicate a short-term consolidation range. As long as the index holds above 25,500 on a closing basis, a selective buy-on-dips approach remains viable, with a strict stop-loss at 25,450.

Bank Nifty Outlook
Bank Nifty continues to respect the psychological 60,000 level, which remains a key sentiment marker. The 59,600–59,700 zone has emerged as a strong demand area, supported by the confluence of the 20-day EMA. Sustained trade above this band suggests active dip buying and a constructive short-term structure.
On the upside, immediate resistance is seen at 60,300–60,400. A clean breakout and sustained acceptance above this zone would strengthen the bullish setup and open the path toward 60,500–61,000. Overall, Bank Nifty maintains a positive, range-bound to bullish bias, with trend continuation dependent on defending key supports and absorbing supply near overhead resistances.