Sumeet Bagadia Names Three Stocks to Buy Monday

The Indian stock market had a difficult and bumpy week.

The Nifty 50 fell for seven trading sessions before recovering on Thursday.

The recovery followed news that the US Treasury planned to increase purchases of long-term government debt.

Sumeet Bagadia believes the market could continue recovering if the Nifty stays above 24,000.

He also said the market is still cautious because momentum is not especially strong.

For Monday, he recommended buying HDFC Life, Nestle India, and BEL.

Each recommendation has a price target and a stop-loss level to limit potential losses.

He expects the market to remain range-bound unless it moves clearly above or below important levels.