Top Stock Picks for April 2026: Sumeet Bagadia's Recommendations
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 22 April 2026
Mint
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On April 21, 2026, India's stock markets saw a significant rise, with the Sensex gaining 753 points and the Nifty 50 up 212 points. Analyst Sumeet Bagadia recommends five stocks to buy, including Bharat Heavy Electricals and Bajaj Finance, amid improving investor sentiment and technical bullish signals.
- 01Sensex rose 753 points to 79,273.33; Nifty 50 increased 212 points to 24,576.60.
- 02Sumeet Bagadia highlights five stocks: Bharat Heavy Electricals, Bajaj Finance, Welspun Corp, Honasa Consumer, and Lloyds Metals And Energy.
- 03Technical indicators suggest a bullish trend for the Nifty 50 and Bank Nifty indices.
- 04Immediate support levels for Nifty 50 are between 24,350β24,400; resistance is seen at 24,700β24,750.
- 05Bagadia advises traders to buy on dips while monitoring key price levels.
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On April 21, 2026, India's stock market indices closed strongly, with the Sensex rising by 753 points (0.96%) to 79,273.33 and the Nifty 50 gaining 212 points (0.87%) to 24,576.60. This surge was attributed to easing crude oil prices and positive investor sentiment amid potential US-Iran peace negotiations. Analyst Sumeet Bagadia, Executive Director at Choice Broking, noted a bullish candlestick pattern in both indices, indicating strong buying interest and momentum. He identified immediate support for the Nifty 50 at 24,350β24,400 and resistance at 24,700β24,750. Bagadia recommended five stocks for traders to consider buying on April 22: Bharat Heavy Electricals, Bajaj Finance, Welspun Corp, Honasa Consumer, and Lloyds Metals And Energy. Each stock shows technical strength and potential for further gains, with specific buying prices, targets, and stop-loss levels provided for each recommendation. Investors are advised to maintain disciplined risk management while navigating the market's bullish trend.
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The positive market trend may boost investor confidence, potentially leading to increased trading activity and investment in recommended stocks.
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