Top Stocks to Buy or Sell Today: Sumeet Bagadia’s Recommendations

The Indian stock market ended lower on Tuesday, October 15, largely due to losses from major companies like Reliance Industries. However, midcap and small-cap stocks saw gains, indicating profit-taking in some areas and buying opportunities in others. Out of 4,064 stocks traded on the BSE, 1,986 went up, 1,983 went down, and 95 remained unchanged.

Weak Q2 earnings, global market uncertainties, and ongoing inflation concerns continue to challenge the market.

The Nifty 50 index is expected to start lower on Wednesday, following weak global signals. U.S. stock markets dropped on Tuesday, with the Nasdaq falling by 1% due to losses in chip stocks and a 3% decline in the energy sector.

Sumeet Bagadia’s Stock Picks for Today

Sumeet Bagadia, Executive Director at Choice Broking, believes the market sentiment is sideways to positive, suggesting a buy-on-dips strategy. He noted that the Nifty 50 has established strong support at 24,900 and faces resistance at 25,300. As long as the index stays above 24,900, investors should look to buy on dips.

Bagadia advises day traders to focus on breakout stocks for intraday trading.

Here are his stock recommendations for today:

1. SIL Investments
   • Buy at: ₹655
   • Target price: ₹700
   • Stop loss: ₹635
     
2. Sundaram Finance Holdings
   • Buy at: ₹374
   • Target price: ₹400
   • Stop loss: ₹360
     
3. Igarashi Motors India
   • Buy at: ₹697.7
   • Target price: ₹750
   • Stop loss: ₹675
     
4. Vijaya Diagnostic Centre
   • Buy at: ₹1,107.65
   • Target price: ₹1,188
   • Stop loss: ₹1,070
     
5. SMC Global Securities
   • Buy at: ₹163
   • Target price: ₹175
   • Stop loss: ₹158