3 weeks ago
Sumeet Bagadia recommends breakout stocks as Indian markets trade flat
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.
Sumeet Bagadia, Executive Director at Choice Broking, recommended five breakout stocks to buy for August 11: Suven Life Sciences, Poly Medicure, Raghav Productivity Enhancers, Steel Strips Wheels and Brigade Enterprises.
His earlier five picks targeted the August 10 session: Physicswallah, Grasim Industries, Fortis Healthcare, BEML and Honasa Consumer.
On Monday, August 10, the Sensex gained 43 points (0.06%) to 78,542 and the Nifty 50 rose 13.15 points (0.05%) to 24,583.80 in a highly volatile, nearly flat session.
On Friday, August 7, the Sensex slipped 0.59% to 78,491 and Nifty fell 65.35 points (-0.27%) as crude oil recovery and Strait of Hormuz uncertainty weighed on sentiment.
For August 11, Bagadia placed Nifty support at 24,500 and resistance at 24,650, with a break lower targeting 24,400–24,300 and an upside breakout targeting 24,800–25,000.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, and Indian stock market investors.
- What
- Bagadia recommended two sets of five breakout stocks — Suven Life Sciences, Poly Medicure, Raghav Productivity Enhancers, Steel Strips Wheels and Brigade Enterprises, plus Physicswallah, Grasim Industries, Fortis Healthcare, BEML and Honasa Consumer — with buy prices, targets and stop losses.
- Where
- Indian stock market, tracked via the Nifty 50, Sensex and Bank Nifty.
- When
- After the Friday, August 7 and Monday, August 10, 2026 sessions; picks target the August 10 (one article body cites '8 August') and August 11 trading sessions.
- Why
- Technical breakouts, RSI momentum and prices sustaining above key moving averages signaled upside, while crude oil recovery and Strait of Hormuz uncertainty kept the market subdued.
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









