Breakout stocks today: Mazagon Dock, BDL, RITES - Sumeet Bagadia recommends 5 stocks to buy today

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Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 18 Bank Nifty is likely to get support at 48,000, followed by 47,800. If the index advances, 48,300 would be the initial key resistance, followed by 48,500, analysts at Choice Broking said.

Today’s trading session could have minimal volumes. Traders should evaluate the support and resistance levels mentioned above and trade with a strict stop loss, they added.

Nifty monthly contracts have highest open interest at 23,000 for Calls and 21,000 for Puts. Meanwhile, FIIs have increased their long position holdings in future index by 10.77%, while they increased shorts in future index by 1.16%.

Also Read: Stock market today: Trade setup for Nifty 50 to India VIX, three stocks to buy or sell on Saturday - May 18 Sumeet Bagadia, Executive Director at Choice Broking has suggested five breakout stocks to buy today. According to Bagadia, these stocks have seen a breakout from their recent levels and are likely to see decent upside.

These five stocks to buy include Crompton Greaves Consumer Electricals, Mazagon Dock Shipbuilders, Glaxosmithkliine Pharmaceuticals, Bharat Dynamics and RITES. Also Read: Value investing gems: 5 underrated stocks flying under the radar Crompton Greaves Consumer Electricals | Buy at ₹390.4 | Target Price: ₹414 | Stop Loss: ₹375 Mazagon Dock Shipbuilders | Buy at ₹2,737 | Target PriceL ₹2,929 | Stop Loss: ₹2,633 Glaxosmithkliine Pharmaceuticals | Buy at ₹2,287 | Target Price: ₹2,424 | Stop Loss: ₹2,205 Bharat Dynamics | Buy at ₹2,324.25 | Target Price: ₹2,444 | Stop Loss: ₹2,250 RITES | Buy at ₹696.05 | Target Price: ₹765 | Stop Loss: ₹662 Catch Stock Market Live Updates here Disclaimer: The views and recommendations made