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Sumeet Bagadia recommends breakout stocks as Indian markets trade flat

Sumeet Bagadia recommends breakout stocks as Indian markets trade flat
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 11 August 2026 · livemint.com

A stock market expert named Sumeet Bagadia helps Indian investors by telling them which company shares might be good to buy.

For Tuesday, August 11, he picked five companies: Suven Life Sciences, Poly Medicure, Raghav Productivity Enhancers, Steel Strips Wheels, and Brigade Enterprises.

The week before, he had also picked five other companies: Physicswallah, Grasim Industries, Fortis Healthcare, BEML, and Honasa Consumer.

For each company, he says the price to buy at, the target price he thinks the share can reach, and a stop-loss price to sell at if it drops so people do not lose too much money.

Around this time, the Indian stock market was mostly calm and moving sideways.

On Friday, August 7, prices fell a little because oil went up in price and there was worry about the Strait of Hormuz and peace talks in the Middle East.

On Monday, August 10, the market ended almost flat, going up just a tiny bit after a very jumpy day.

The expert expects the market to keep moving sideways, with support at 24,500 and a hurdle at 24,650.

If prices climb above 24,650, they could rise further; if they fall below 24,500, prices might drop.

Buying stocks is risky, which is why experts also tell investors to use stop losses and manage their risk carefully.

Key facts

Analyst
Sumeet Bagadia, Executive Director, Choice Broking
Indices on Aug 10 (Monday)
Sensex 78,542 (+43 pts, +0.06%); Nifty 50 24,583.80 (+13.15 pts, +0.05%)
Indices on Aug 7 (Friday)
Sensex 78,491 (-0.59%); Nifty 24,570.65 (-0.27%, also cited as 24,557/-0.32%); Bank Nifty 57,746.45 (-0.55%)
Aug 11 picks (buy/target/stop loss)
Suven Life Sciences ₹333/₹365/₹315; Poly Medicure ₹1,772/₹1,920/₹1,655; Raghav Productivity Enhancers ₹1,314/₹1,400/₹1,250; Steel Strips Wheels ₹322/₹350/₹305; Brigade Enterprises ₹608/₹650/₹588
Aug 10 picks (buy/target/stop loss)
Physicswallah ₹131.5/₹140/₹127; Grasim Industries ₹3,323/₹3,555/₹3,200; Fortis Healthcare ₹955/₹1,020/₹920; BEML ₹1,788/₹1,913/₹1,725; Honasa Consumer ₹478/₹512/₹460
Nifty levels for Aug 11
Support 24,500 (then 24,450–24,400); resistance 24,650; upside targets 24,700, then 24,800–25,000
Bank Nifty levels for Aug 11
Support 57,400–57,500; resistance 58,400–58,500; upside targets 58,900, then 59,300
Market context
Monday led by gains in Titan, Bajaj Finance and ICICI Bank, offset by declines in SBI and Reliance Industries; Friday subdued on crude oil recovery and Strait of Hormuz uncertainty

Quotes

Sumeet Bagadia

Executive Director at Choice Broking

“Immediate support is placed at 57,200–57,400, where buying interest is expected to emerge, while 57,800–58,000 remains the key hurdle for any fresh upside. A sustained move above the resistance zone could revive bullish momentum, whereas a break below support may accelerate corrective pressure. The expected trading range for the next session is 57,200–58,000.”
livemint.com
“As long as Bank Nifty sustains above this support zone on a closing basis, the broader bullish trend is expected to remain intact. However, a decisive breach below 57,400 could weaken sentiment and trigger a corrective move towards the 57,000–57,200 region.”
livemint.com

Sources

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