December 5 Trader Alert: This ₹152 Stock Shows Breakout Potential — Check Today’s Top Stocks to Buy

The stock market traders have got a new set of buying opportunities for the day, as the experts have disclosed their updated Stocks to Buy and Breakout Stocks list for December 5. Along with that, here’s a quick look at the recent market activity and global signals which could have an effect on the trading session on Friday.

Market Recap: Sensex and Nifty End Flat; Bank Nifty Slips

The Indian stock market concluded Thursday's trading session with no major changes in price.

• BSE Sensex increased 158 points to finish at 85,265
• Nifty 50 was up 48 points, closing at 26,034
• Bank Nifty, on the other hand, fell 60 points to finish the day at 59,289

FII & DII Activity

• Foreign Institutional Investors (FIIs) no longer held back and sold a lot of their stocks on Thursday:
• FIIs performance was a total sale of ₹1,681.46 crore
• DIIs participated with an even stronger purchase of shares worth ₹3,188.04 crore, thus giving a great deal of support to the market

Market Outlook for Today

The opening of Indian markets is likely to be flat with the 'Gift Nifty' indicating about 10 points lower, signaling a dull start.

The technical analyst Rupak De (LKP Securities) stated:

"Nifty50 has a strong resistance between 26,100–26,150. On the support side, it is at 25,900–25,950. If Nifty goes below 26,000, short-term correction may happen."

Global Market Cues

The US Markets were mixed on Thursday:

• Dow Jones: -0.07%
• S&P 500: +0.11%
• NASDAQ: +0.22%

The Asian markets are negative this morning, which may inhibit domestic sentiment.

Top Stocks to Buy Today (Expert Picks)

1️⃣ Coforge Ltd

• Buy: ₹1,966
• Stop-Loss: ₹1,900
• Target: ₹2,100

2️⃣ JK Tyre & Industries

• Buy: ₹474
• Stop-Loss: ₹457
• Target: ₹508

3️⃣ Axis Bank

• Buy: ₹1,280
• Stop-Loss: ₹1,260
• Target: ₹1,320

4️⃣ Union Bank of India (Hot Pick at ₹152)

• Buy: ₹152
• Stop-Loss: ₹146
• Target: ₹162

5️⃣ DLF

• Buy: ₹709
• Stop-Loss: ₹700
• Target: ₹740

Breakout Stocks to Watch Today

Hexaware Technologies

• Buy: ₹788.55
• Target: ₹865
• Stop-Loss: ₹750

L&T Technology Services

• Buy: ₹4,685.10
• Target: ₹5,050
• Stop-Loss: ₹4,500

JB Chemicals & Pharmaceuticals

• Buy: ₹1,821.70
• Target: ₹1,945
• Stop-Loss: ₹1,760

Himadri Speciality Chemical

• Buy: ₹462.35
• Target: ₹497
• Stop-Loss: ₹445

BLS International Services

• Buy: ₹331.55
• Target: ₹358
• Stop-Loss: ₹318