Indian equity markets regained traction on Monday, October 27, after a brief pause, fueled by optimism over a potential US-China trade deal and expectations of a US Federal Reserve rate cut. The Sensex rose 567 points, or 0.67%, to end at 84,778.84, while the Nifty 50 climbed 171 points, or 0.66%, to close at 25,966.05. This marked the seventh gain in the last eight trading sessions for both indices, signaling sustained positive momentum.
Sumeet Bagadia, Executive Director at Choice Broking, noted that market sentiment has improved significantly, with Nifty reclaiming the psychological 26,000 mark, reflecting renewed investor confidence.
For intraday opportunities, Bagadia recommended five breakout stocks showing strong technical setups. Bharat Seats is suggested at ₹225, targeting ₹240 with a stop loss at ₹217; Zota Health Care at ₹1,571, target ₹1,690, stop loss ₹1,520; Precision Wires India at ₹210.7, target ₹225, stop loss ₹203; Cartrade Tech at ₹2,665, target ₹2,865, stop loss ₹2,570; and Parag Milk Foods at ₹317, target ₹340, stop loss ₹305.
These stocks are expected to benefit from current market momentum, providing potential short-term gains for investors maintaining disciplined risk management.
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