Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday - May 27

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Buy or sell stocks: Despite finishing the week flat, the domestic benchmark indices, the Nifty 50 and the Sensex, had their best week since the beginning of February thanks to increases in metal and financial sectors.During the session, the Sensex reached a new all-time high of 75,636.50, but it was unable to maintain its gains and ended the day 8 points lower at 75,410.39. The Nifty 50 reached a new all-time high of 23,026.40 during the session, but finished the day 11 points down at 22,957.10.According to Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, the Nifty 50's 23,000 milestone is something to celebrate, and the positive takeaway was that the benchmark ended a choppy session just a tad below the dotted lines, most importantly, shrugging off extremely weak overnight Wall Street cues.Buyers are seen confident amidst investors hoping or expecting continuation of the current regime in the general elections, and oil prices tumble towards $76 a barrel, said Tapse.

Also Read: Stock market today: Sensex, Nifty 50 end flat on profit booking at record high levelsOn stocks to buy on Monday, Sumeet Bagadia recommended three shares to buy on Monday — Larsen & Toubro (L&T), Axis Bank, and Bharti Airtel Ltd. Larsen & Toubro (L&T)L&T is currently trading at ₹3,625, exhibiting a strong reversal from the bottom level.

The price action has formed a strong bullish candle with substantial volume, signalling a bullish reversal following a correction from the top. There is potential for LT to achieve a target price of ₹3,860 in the near term, making it advisable to consider purchasing at a CMP of ₹3,625.90 and adding on dips near ₹3,525 levels.Additionally, LT is positioned above key Exponential