1 month ago

Stock Market Update: Sumeet Bagadia Recommends Five Shares to Buy

Stock Market Update: Sumeet Bagadia Recommends Five Shares to Buy
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 July 2026 · livemint.com

The Indian stock market had a mixed day on July 28, 2026.

The Sensex and Nifty 50 indices ended slightly lower, while the Bank Nifty saw a decline.

Sumeet Bagadia from Choice Broking recommends buying five stocks: eClerx Services, Universal Cables, Five-Star Business Finance, Mankind Pharma, and Knowledge Marine & Engineering Works.

He suggests that the market is consolidating and could move higher if it breaks key resistance levels.

The market showed mixed sectoral performance, with IT, Realty, and Pharma doing well, while FMCG, Chemicals, and Banking faced selling pressure.

Key facts

Sensex
76,765.92
Nifty 50
23,985.35
Bank Nifty
56,755.60
RSI
49.55
India VIX
12.56
PCR
0.93

Quotes

Sumeet Bagadia

Executive Director at Choice Broking

“"The daily chart suggests continued consolidation, with buyers and sellers remaining evenly matched. Momentum indicators remain neutral, and unless the index decisively crosses higher resistance levels, range‑bound movement is likely to persist. Traders should closely watch the 23,800–23,850 support zone, while 24,200–24,250 remains the immediate resistance area. The expected trading range for the next session is 23,800–24,250, with the overall bias remaining Sideways to Bullish"”
livemint.com
“"The inability to reclaim the 57,000 level suggests that bulls still lack conviction at higher levels. As long as the index sustains above 56,700–56,850, downside may remain limited, while a decisive move above 57,350–57,500 would be required to trigger fresh buying momentum. Until then, the index is expected to remain within a broad consolidation range with a Sideways to Bullish bias"”
livemint.com

Sources

Related news