Top Stock Picks for April 23: Sumeet Bagadia's Recommendations Amid Market Volatility
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 23 April 2026
Mint
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On April 22, 2026, the Indian stock market saw significant declines, with the Sensex dropping 757 points and the Nifty 50 down 199 points. Amid this backdrop, Sumeet Bagadia from Choice Broking recommends five stocks to buy, including NCC, Timken India, and Wockhardt, each with specific targets and stop-loss levels.
- 01Sensex fell 757 points to 78,516.49 on April 22, 2026.
- 02Nifty 50 declined by 199 points, closing at 24,378.10.
- 03Sumeet Bagadia recommends buying NCC, Timken India, Wockhardt, Netweb Technologies India, and Global Health.
- 04Target prices range from ₹1,200 for Global Health to ₹3,950 for Timken India.
- 05Market volatility suggests caution, with key support and resistance levels identified.
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On April 22, 2026, the Indian stock market experienced a sharp downturn, with the Sensex falling by 757 points (0.95%) to close at 78,516.49 and the Nifty 50 declining by 199 points (0.81%) to settle at 24,378.10. This halt in the market's three-day winning streak was attributed to sustained selling pressure. Sumeet Bagadia, Executive Director at Choice Broking, highlighted the formation of bearish candlestick patterns, indicating short-term weakness in the indices. He advised traders to monitor key support levels around 24,100–24,150 for Nifty and 56,800–56,900 for Bank Nifty, while resistance levels are noted at 24,550–24,600 and 57,450–57,550, respectively. Amid ongoing market volatility, Bagadia recommended five stocks for purchase: NCC, Timken India, Wockhardt, Netweb Technologies India, and Global Health, each with specific entry points, target prices, and stop-loss levels. For instance, NCC is suggested at ₹163.98 with a target of ₹175, while Timken India is recommended at ₹3,633 with a target of ₹3,950. Investors are advised to exercise caution and adhere to disciplined risk management while considering these recommendations.
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The recommendations could influence investors' decisions, potentially leading to increased activity in these stocks and affecting their prices in the market.
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