Archive · 15 Aug 2026
Sumeet Bagadia recommends three Independence Day stock picks; Nifty dips
Stocks are small pieces of a company that people can buy and sell.
On Friday, the stock market in India had a tiny down day after two weeks of going up.
Two big market measures, called the Sensex and the Nifty 50, fell just a little bit.
People were a bit worried because of things happening around the world, like talks between the US and Iran, oil prices moving up and down, and the chance that prices of everyday things might rise again.
An expert named Sumeet Bagadia looks at charts to figure out which stocks might go up.
He suggested three companies to buy: Larsen & Toubro, CG Power, and DLF.
Larsen & Toubro and CG Power make big machines and equipment, and DLF builds homes and offices.
He told people the price at which to buy each stock and a 'stop-loss', which is the price where they should sell to avoid losing too much money.
He thinks these stocks could rise to higher prices in the coming days.
The Sensex fell 71 points (0.09%) to 78,009.25 and the Nifty 50 declined 29.85 points (0.12%) to 24,366 on Friday, ending the indices' two-week winning run.
Uncertainty over a potential US-Iran peace agreement, crude oil price fluctuations, rising bond yields and inflation concerns kept investor sentiment subdued.
Sumeet Bagadia of Choice Broking expects Nifty to stay range-bound, with support at 24,200–24,250 and resistance at 24,500–24,550.
Larsen & Toubro is a 'buy' at ₹4,057 with a target of ₹4,350 and a stop-loss of ₹3,883.
CG Power (buy ₹890, target ₹955, stop-loss ₹850) and DLF (buy ₹665, target ₹720, stop-loss ₹630) were the other two Independence Day stock picks.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, provided technical stock recommendations for retail investors.
- What
- Indian benchmark indices Sensex and Nifty 50 closed lower, ending their two-week winning run, while three stocks were recommended as Independence Day buys.
- When
- Friday, August 14, for the market session; the picks were made on the occasion of the 80th Independence Day.
- Where
- Indian stock markets.
- Why
- Investor sentiment was subdued by uncertainty over a potential US-Iran peace agreement, crude oil price fluctuations, rising bond yields and concerns about a possible inflation resurgence; the stock picks were based on technical chart patterns.
- Sensex close
- 78,009.25 (down 71 points, -0.09%)
- Nifty 50 close
- 24,366 (down 29.85 points, -0.12%)
- Bank Nifty close
- 57,491.10 (down 144.10 points, -0.25%)
- India VIX
- 11.30
- Larsen & Toubro call
- Buy at ₹4,057; target ₹4,350; stop-loss ₹3,883
- CG Power call
- Buy at ₹890; target ₹955; stop-loss ₹850
- DLF call
- Buy at ₹665; target ₹720; stop-loss ₹630
- Nifty expected range
- 24,200–24,550 for the next session