2 weeks ago
Sumeet Bagadia recommends five breakout stocks as market stays rangebound
Imagine a big market where grown-ups buy and sell small pieces of big companies – those pieces are called stocks.
On Thursday, this stock market in India was very calm, with prices barely changing.
The Sensex went up just a little, and the Nifty went down just a little.
Grown-ups were being careful because they weren't sure what would happen with a possible agreement between the United States and Iran, and whether a very important sea route called the Strait of Hormuz would reopen.
Even though the price of oil went down, people stayed cautious.
An expert named Sumeet Bagadia, who works at a company called Choice Broking, studied charts and picked five companies he thinks are good to buy.
They include a small finance bank, a textiles company, an investment company, an engineering works company, and a car seat maker.
For each stock, he gave a price to buy at, a target price it might reach, and a stop-loss price to help limit losses.
His advice is just one opinion, and buying stocks always involves some risk, so children should not try it without a grown-up's help.
The Indian stock market remained rangebound for the fourth straight session on Thursday, with the Sensex up 114 points to 78,079.96 and the Nifty down 40.10 points to 24,395.85.
Investor caution was driven by uncertainty over a possible US-Iran agreement and the potential reopening of the Strait of Hormuz, even as crude oil prices declined.
Sumeet Bagadia, Executive Director at Choice Broking, recommends five breakout stocks to buy on Friday, 14 August.
His picks are Jana Small Finance Bank, GHCL Textiles, Authum Investment & Infrastructure, Knowledge Marine & Engineering Works and Bharat Seats, each with a buy price, target and stop-loss.
Bank Nifty extended its weakness to settle at 57,635.25, down 250.60 points (-0.43%), while Chemical, Realty and FMCG sectors provided support and Metal, Banking and Healthcare were weak.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, offered stock recommendations to Indian stock market investors.
- What
- The Indian market stayed rangebound for a fourth straight session while Bagadia recommended five breakout stocks to buy.
- Where
- Indian stock market, covering the Sensex, Nifty and Bank Nifty indexes.
- When
- Market session on Thursday, 13 August 2026; recommendations are for Friday, 14 August 2026.
- Why
- Investors stayed cautious over uncertainty surrounding a possible US-Iran agreement and the potential reopening of the Strait of Hormuz; the recommendations target stocks showing bullish technical breakouts.
Key facts
- Sensex close
- 78,079.96, up 114 points (+0.15%)
- Nifty close
- 24,395.85, down 40.10 points (-0.16%)
- Bank Nifty close
- 57,635.25, down 250.60 points (-0.43%)
- Recommended stocks
- Jana Small Finance Bank, GHCL Textiles, Authum Investment & Infrastructure, Knowledge Marine & Engineering Works, Bharat Seats
- Recommendation date
- Friday, 14 August 2026
- Nifty support/resistance
- Support: 24,150-24,200; Resistance: 24,500-24,550
- Bank Nifty support/resistance
- Support: 57,250-57,400; Resistance: 58,000-58,200
- Market context
- Caution over possible US-Iran agreement and Strait of Hormuz reopening despite lower crude prices
Quotes
Sumeet Bagadia
Executive Director at Choice Broking
“The 57,250–57,400 band remains an important support zone for the index, while 58,000–58,200 is positioned as the key resistance area on the upside. Holding above the support zone would keep the recovery possibility intact, while a sustained breakout above 58,200 would provide stronger confirmation of a positive reversal.”
livemint.com
“From a technical perspective, 24,150–24,200 remains the crucial support zone, while 24,500–24,550 continues to cap the upside. A decisive move above 24,550 would improve the near‑term setup, while a breach of 24,150 could revive selling pressure.”
livemint.com










