Archive · 23 Jul 2026
Sumeet Bagadia Recommends Five Stocks to Buy
Sumeet Bagadia, an expert from Choice Broking, suggests buying five stocks on 22 July 2026.
These stocks are Rain Industries, Chennai Petroleum Corporation, Balaji Amines, Cyient DLM, and INOX India.
He believes these stocks have strong momentum and are likely to go up.
The Indian stock market had a bad day on 21 July, with the Sensex and Nifty 50 going down.
But Sumeet thinks the market might go up soon.
He also talks about how the market is acting and what levels to watch for.
The Indian stock market closed lower on 21 July due to Middle East tensions and rising oil prices.
Sumeet Bagadia recommends buying Rain Industries, Chennai Petroleum Corporation, Balaji Amines, Cyient DLM, and INOX India.
Nifty 50 and Bank Nifty showed mixed signals with potential for breakout or further declines.
Technical indicators suggest strong support levels and potential for upward momentum.
Sumeet advises strict stop losses to manage risk.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking
- What
- Recommended five stocks to buy
- When
- 22 July 2026
- Where
- Indian stock market
- Why
- Due to strong momentum and technical indicators
Bullish View
Bearish View
Market Sentiment
Bullish View
Buyers continue to defend lower levels, indicating potential for upward momentum.
Bearish View
Cautious participation and lack of strong directional triggers suggest potential for further declines.
Technical Indicators
Bullish View
Nifty and Bank Nifty show strong support levels and potential for breakout.
Bearish View
Indecision in candlestick patterns suggests potential for volatility and uncertainty.
- Sensex
- 77,470.11
- Nifty 50
- 24,187.70
- Bank Nifty
- 57,835
- Sumeet Bagadia
- Executive Director at Choice Broking
- Rain Industries
- Buy at ₹223, Target ₹240, Stop Loss ₹210
- Chennai Petroleum Corporation
- Buy at ₹1258, Target ₹1350, Stop Loss ₹1195
- Balaji Amines
- Buy at ₹2366, Target ₹2525, Stop Loss ₹2230
- Cyient DLM
- Buy at ₹623, Target ₹670, Stop Loss ₹586
- INOX India
- Buy at ₹2093, Target ₹2250, Stop Loss ₹1965
