Indian equity markets wrapped up the last full trading session of 2025 on a flat note, with investors staying cautious amid thin year-end volumes and mixed global cues. Against this backdrop, market expert Sumeet Bagadia, Executive Director at Choice Broking, has identified five breakout stocks that could see action in the near term.
Market recap: Nifty, Sensex end flat
On Tuesday, December 30, the Nifty 50 slipped marginally by 0.01% to close at 25,938.85, while the Sensex edged down 0.02% to settle at 84,675.08. The lack of fresh domestic triggers and subdued participation kept indices range-bound through the session.
Read More :- Sensex, Nifty 50 Today: Will Markets Extend Losses on December 30? Key Levels to Watch
Nifty 50 outlook: Momentum fading near resistance
Sharing his technical view, Bagadia said the Nifty ended slightly lower in a narrow range as year-end volumes remained light.
“The daily candlestick shows a mild bearish bias, with the index failing to hold intraday highs. Momentum is fading near resistance,” he noted.
On the hourly chart, the index continues to form lower highs, pointing to short-term consolidation. While buyers are stepping in on dips, the rebound lacks strength.
- Immediate resistance: 26,050–26,100
- Key support: 25,750–25,800
Overall, the expert believes the Nifty remains in a consolidation phase with cautious sentiment prevailing.
Bank Nifty outlook: Resilient but cautious
The Bank Nifty outperformed broader markets, closing higher by nearly 239 points as selective buying emerged in heavyweight banking stocks.
According to Bagadia, the daily chart shows a bullish close, indicating buying interest at lower levels, though volumes were not very strong. On the hourly timeframe, the index traded with a mild upward bias within a consolidation band.
- Resistance zone: 59,400–59,500
- Support zone: 58,800–58,900
“The trend is resilient but still cautious, with a positive undertone,” he said.
Breakout stocks to buy today
Bagadia has recommended the following five breakout stocks for short-term traders. Breakout stocks are those that move decisively past key support or resistance levels, often signalling stronger price action ahead.
1. Jindal Steel (JINDALSTEL)
- Buy: ₹1,021.30
- Target: ₹1,093
- Stop loss: ₹985
Jindal Steel is showing early signs of a trend reversal after finding support near its 200-day EMA. A strong bullish candle and a breakout above the falling trendline point to renewed buying interest. The stock is trading above its 20-, 50- and 200-day EMAs, suggesting healthy momentum.
2. Radico Khaitan (RADICO)
- Buy: ₹3,376
- Target: ₹3,615
- Stop loss: ₹3,257
Radico Khaitan has rebounded from lower levels after holding its 20-week EMA. Currently trading near the upper end of its consolidation range, the stock looks ready for a breakout. An RSI reading above 60 supports trend continuation, with immediate support near ₹3,300.
Read More :- Stock Market Today: Dalal Street Opens Cautiously as Mixed Global Cues Keep Traders on Edge
3. Indian Bank (INDIANB)
- Buy: ₹809
- Target: ₹865
- Stop loss: ₹780
Indian Bank has broken out of a short-term consolidation phase, forming a strong bullish candle. Support near the 20-week EMA indicates sustained demand. Any minor dip is expected to find buyers around ₹795.
4. Adani Power (ADANIPOWER)
- Buy: ₹144.65
- Target: ₹156
- Stop loss: ₹139
Adani Power is consolidating near its 100-day EMA, signalling base formation. A decisive move above ₹146 could trigger fresh upside. The RSI is gradually turning positive, hinting at improving momentum.
5. Godawari Power and Ispat (GPIL)
- Buy: ₹263.55
- Target: ₹285
- Stop loss: ₹254
GPIL is forming a rounding bottom pattern with a higher high–higher low structure. Sustained volumes and a breakout above ₹270 strengthen the bullish case. Immediate support is placed near ₹260.
Bottom line
With markets heading into the new year on a cautious note, stock-specific action is likely to dominate. Traders are advised to stick to strict stop losses and manage risk carefully, especially amid low volumes and ongoing consolidation.
