Market Sentiment Shifts Positive After Bearish Week
The Indian stock market is poised for a positive opening on Monday, with benchmark indices Sensex and Nifty 50 showing signs of recovery after a challenging week. Global market cues remain mixed, but the trends in Gift Nifty indicate an optimistic start for domestic market indices.
This positive shift comes after a bearish phase where both major indices declined nearly one percent during the previous week. On Friday, the Sensex dropped 94.73 points, or 0.11%, to close at 83,216.28, while the Nifty 50 settled 17.40 points, or 0.07%, lower at 25,492.30.
Technical Analysis and Market Outlook
Sumeet Bagadia, Executive Director at Choice Broking, observes that market sentiment has improved significantly as the Nifty 50 index demonstrated a strong bounce-back after approaching the 50-DEMA support level at 25,320.
"However, the Nifty 50 index would need to break above 25,750 for further improvement in Dalal Street bias," Bagadia emphasized. "On breaking above 25,750 levels, the 50-stock index would head for the short term targets of 26,100 and 26,500 respectively."
The expert advises investors to maintain a stock-specific approach and focus on stocks showing technical strength. "Looking at breakout stocks can be a good option," Bagadia recommended.
Five Breakout Stock Recommendations for November 10
Sumeet Bagadia has identified five promising breakout stocks for trading on November 10, 2025:
ASM Technologies: Buy at ₹4,070 with target price of ₹4,300 and stop loss at ₹3,930
Lumax Auto Technologies: Buy at ₹1,200 with target price of ₹1,290 and stop loss at ₹1,150
Silver Touch Technologies: Buy at ₹824 with target price of ₹888 and stop loss at ₹795
DCB Bank: Buy at ₹173 with target price of ₹186 and stop loss at ₹167
Rama Phosphates: Buy at ₹207 with target price of ₹223 and stop loss at ₹199
Market participants are advised to monitor these stocks closely as they show potential for significant movement based on technical chart patterns.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
