Sumeet Bagadia Recommends Five Breakout Stocks and Advises Caution on Bank Nifty Levels

Sumeet Bagadia recommended five breakout stocks to buy, including Vedanta, Laurus Labs, Aurobindo Pharma, Mangalam Cement, and Bank of Maharashtra, highlighting Vedanta's strong bullish momentum after surpassing the 700 resistance level. In the derivatives segment, Bagadia noted significant put and call writing at key Bank Nifty strikes, advising traders to exercise caution near support zones and await clear breakouts above resistance levels before initiating new positions.