Archive · 30 Aug 2026
Bagadia Recommends Three Stocks Under ₹100 Amid Market Caution
Indian stock markets ended their third straight week lower.
Investors remained cautious because of interest-rate concerns, geopolitical uncertainty and changes involving the Closing Auction Session.
Technology shares helped markets recover on Friday.
The Nifty 50 still closed the week at 24,175.65.
Sumeet Bagadia said the Nifty may move sideways rather than strongly rise or fall.
He identified 24,000 as an important support level and 24,300 as key resistance.
For Monday, he suggested three shares priced below ₹100.
These were Jindal Worldwide, Manali Petrochemicals and Andhra Sugars.
His recommendations included target prices and stop-loss levels, but they are market opinions rather than guarantees.
Nifty 50 fell 0.31% over the week to close at 24,175.65.
Sensex declined nearly 0.36% to settle at 77,264.51.
Sumeet Bagadia expects sideways trading, with Nifty support at 24,000–24,050.
He recommended Jindal Worldwide, Manali Petrochemicals and Andhra Sugars for Monday.
The recommendations include targets of ₹41, ₹80 and ₹107, respectively, with specified stop-loss levels.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, provided the market view and stock recommendations.
- What
- Bagadia recommended three shares under ₹100 and offered technical outlooks for the Nifty 50 and Bank Nifty.
- When
- The recommendations were for Monday, 31 August 2026, following the market close described in the article.
- Where
- The analysis concerns Indian equity markets.
- Why
- The recommendations were based on technical analysis amid market correction, global interest-rate concerns, geopolitical uncertainty and trading volatility.
Cautious Market View
Selective Buying View
Near-term market direction
Cautious Market View
The broader setup remains cautious because the Nifty 50 is below key moving averages and faces resistance at higher levels.
Selective Buying View
Bagadia expects a sustained move above 24,300 to improve the short-term structure and trigger further recovery.
Trading risk
Cautious Market View
A break below 24,000 in the Nifty 50 or 57,000 in the Bank Nifty could bring renewed selling pressure.
Selective Buying View
Lower volatility and strong performance in IT shares supported a recovery session and may create opportunities in selected stocks.
- Nifty 50 close
- 24,175.65, up 0.35% on the session but down about 0.31% for the week
- Sensex close
- 77,264.51, down nearly 0.36% for the week
- Nifty outlook
- Sideways bias; support at 24,000–24,050 and resistance at 24,240–24,300
- Bank Nifty close
- 57,496.30, down 13.65 points, or 0.02%
- Jindal Worldwide
- Buy at ₹37.86; target ₹41; stop loss ₹36.25
- Manali Petrochemicals
- Buy at ₹73.36; target ₹80; stop loss ₹69.70
- Andhra Sugars
- Buy at ₹98.02; target ₹107; stop loss ₹93.50