Sumeet Bagadia recommended these three buy-or-sell stocks: Dr Reddy's Labs, M&M, and Tata Consumer.
Sumeet Bagadia recommended these three buy-or-sell stocks: Dr Reddy's Labs, M&M, and Tata Consumer.
Benchmark indices dropped on June 19, led by weak IT stocks and FII selling. Despite this, Nifty Midcap and Smallcap gained. Analysts suggest indecisiveness in the market and recommend three stocks to buy. Key support and resistance levels are highlighted for Nifty and Bank Nifty.
Sumeet Bagadia, Executive Director at Choice Broking, has recommended three stocks to buy on Monday, 15 June - L&T, Bajaj Finance, and IndiGo.
From a technical perspective, immediate support is placed in the 23,200–23,250 range, while resistance is observed between 23,650 and 23,700 levels, believes Bagadia.
Domestic equity benchmarks fell sharply on May 29 due to profit booking and concerns over a US-Iran agreement. The Sensex dropped by 1,092 points to 74,775.74, while Nifty 50 fell by 359 points to 23,547.75, reflecting rising volatility and weakening momentum.
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