Archive · 12 Oct 2026
Bagadia Names Five Stocks to Buy After Market Rebound
Indian share prices rose on Friday after falling for eight weeks.
Sumeet Bagadia, an analyst at Choice Broking, said the market looked a little stronger in the short term.
He also cautioned that the bigger market picture was still weak below important chart levels.
He pointed to support and resistance levels for the Nifty 50 and Bank Nifty.
Bagadia suggested five stocks: RBL Bank, Birlasoft, Go Digit, LIC and Nykaa.
For each one, he gave a suggested buying price, a target price and a stop-loss price.
These suggestions were based on chart patterns and signs of buying activity.
High oil prices and regional tensions remained risks for the Indian economy.
Indian benchmark indices rebounded on Friday, October 9, ending an eight-week losing streak for the Nifty 50 and Sensex.
Sumeet Bagadia of Choice Broking said short-term sentiment was improving, though the broader market structure remained weak below key moving averages.
He identified Nifty 50 support at 22,250–22,400 and resistance at 22,650–22,700; Bank Nifty support was 54,800–55,000 and resistance 55,500–55,800.
Bagadia recommended RBL Bank at ₹418, Birlasoft at ₹286, Go Digit at ₹273, LIC at ₹394 and Nykaa at ₹343.
His stated targets were ₹452, ₹315, ₹300, ₹430 and ₹375 respectively, with stop-loss levels of ₹400, ₹272, ₹260, ₹375 and ₹324.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, made the recommendations.
- What
- He recommended five stocks and provided suggested buy prices, targets and stop-loss levels.
- When
- The article refers to the market rebound on Friday, October 9, and describes the recommendations as for that day.
- Where
- The Indian stock market.
- Why
- Bagadia cited technical chart patterns, breakouts and signs of buying interest in the five stocks.
- Nifty 50 move
- Rose 1.30% on Friday, October 9.
- Sensex move
- Rose 1.23%.
- Bank Nifty move
- Rose 1.36%.
- Nifty 50 levels
- Support: 22,250–22,400; resistance: 22,650–22,700.
- Bank Nifty levels
- Support: 54,800–55,000; resistance: 55,500–55,800.
- Recommended stocks
- RBL Bank, Birlasoft, Go Digit, LIC and Nykaa.
- Market risks cited
- Brent crude above $100 a barrel and WTI above $90, alongside concerns about regional tensions and possible energy supply disruption.