Sumeet Bagadia's Top 5 Stock Picks for April 21, 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 21 April 2026
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On April 20, 2026, the Indian stock market saw minor gains, with the Sensex at 78,520.30 and Nifty 50 at 24,364.85. Analyst Sumeet Bagadia recommends five stocks to buy: CESC, MM Forgings, Rashi Peripherals, Siemens Energy India, and Grindwell Norton, each with specific buy targets and stop-loss levels.
- 01Sensex closed at 78,520.30, up 0.03%.
- 02Nifty 50 ended at 24,364.85, marking a gain of 0.05%.
- 03Sumeet Bagadia identifies five stocks to buy amid market volatility.
- 04Immediate support levels for Nifty 50 are between 24,150 and 24,200.
- 05CESC shows strong momentum, targeting βΉ193 with a stop-loss at βΉ170.
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On April 20, 2026, the Indian stock market experienced slight gains, with the Sensex rising to 78,520.30 and the Nifty 50 closing at 24,364.85. This upward movement was influenced by rising crude oil prices and ongoing geopolitical tensions related to the US-Iran conflict. Analyst Sumeet Bagadia from Choice Broking noted that the Nifty 50 displayed a Doji candlestick pattern, indicating indecision among traders, and suggested that a breakout in either direction could determine future trends. Bagadia highlighted immediate support for the Nifty 50 at 24,150β24,200 and resistance at 24,500β24,550. He also provided recommendations for five stocks to buy on April 21, which include CESC, MM Forgings, Rashi Peripherals, Siemens Energy India, and Grindwell Norton. Each stock comes with specific entry points, target prices, and stop-loss levels, reflecting a bullish outlook supported by technical indicators and market momentum.
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Investors may find new opportunities in the recommended stocks, potentially leading to gains if market conditions improve.
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