Buy or sell: Sumeet Bagadia recommends three stocks to buy this week

livemint.com:

Buy or sell stocks: After showing a reasonable upside bounce from the lows in the last two straight sessions, the Indian stock market shifted into a consolidation on the special trading session of Saturday. Nifty 50 index ended 49 points lower at 21,571 level, and the BSE Sensex shed 77 points and closed at 71,423 mark. However, the Bank Nifty index gained 316 points and closed at 46,058 level.

Sumeet Bagadia, Executive Director at Choice Broking believes that the Nifty 50 index has witnessed a decent pull-back from its recent lows around the 21,300 mark the 50-stock index is facing a hurdle around the 21,750 zone. However, the Choice Broking expert maintained that the Indian stock market may become bullish once the Nifty 50 index breaches the 21,800 mark decisively. On stocks to buy next week, Sumeet Bagadia recommended three shares to buy on Tuesday — Ambuja Cements, Bharti Airtel, and Zomato.

Here we list out full details of Sumeet Bagadia's stock recommendations for Tuesday: 1] Ambuja Cements: Buy at ₹537, target ₹570, stop loss ₹519. Ambuja Cement shares, currently trading at approximately ₹537.10 levels, exhibit a robust technical posture as it maintain positions above key moving averages—the short-term (20 Day), medium-term (50 Day), and long-term (200 Day) Exponential Moving Averages (EMAs). Notably, the stock has established a firm support zone near ₹519 levels, closely aligned with its 20-day EMA, further fortified by a decisive close above this support level.