Bharti Airtel, Bajaj Finance and Nestle India: Sumeet Bagadia’s Top Stock Picks, Targets and Stop-Losses

Sumeet Bagadia stock recommendations: India’s key benchmark indices paused after the previous week’s sharp rally, trading in a narrow but positive range during a holiday-shortened week. Stable foreign inflows and stronger-than-expected Q2 earnings, which improved expectations for FY27 estimate upgrades, helped absorb profit-taking. The benchmarks ended the week slightly higher, though inflation returned to the forefront.

A hotter-than-expected U.S. CPI reading reinforced expectations of a December Fed rate hike, while hawkish Fed commentary pushed global yields higher. Domestically, retail inflation climbed to a two-year high and breached the RBI’s upper tolerance limit as food prices rose. Concerns about further tightening ended a three-session winning streak late in the week.

Stock market outlook for next week

Sumeet Bagadia, Executive Director at Choice Broking, maintains a positive bias for the Indian stock market as long as the Nifty 50 remains above 25,000. Bagadia said the daily candle reflects profit-taking near higher levels, but the 25,000 support for the Nifty 50 is likely to remain sacrosanct.

Nifty 50 outlook

For the Nifty 50, Bagadia identified immediate support at 25,000–25,080 and resistance at 25,250–25,400. RSI stands at 75.22, above its average of 66.75, indicating that momentum remains strong but stretched.

“Monthly PCR at 1.13 suggests a constructive derivatives setup, while India VIX declined 5.07% to 15.7750, indicating easing volatility. The index may consolidate further after its sharp rally, with sustained holding above 25,000 being important to preserve the positive broader structure,” Bagadia said.

Bank Nifty outlook

For Bank Nifty, Bagadia said immediate support is at 60,400–60,750, while resistance is placed at 61,300–61,500. RSI remains elevated at 75.70, above its average of 60.91, highlighting strong underlying momentum despite the recent decline.

“The lower shadow on the daily candle indicates some buying interest at lower levels; however, the index needs to reclaim the resistance zone to regain upward traction. Until then, consolidation and intermittent profit-booking may continue,” he added.

Sumeet Bagadia’s stock recommendations

Bagadia recommended buying three stocks: Bharti Airtel, Bajaj Finance and Nestle India.

1] Bharti Airtel: Buy at ₹2106 | Target ₹2340 | Stop-loss ₹1990

Bharti Airtel shares are showing strong trend continuation, consolidating constructively near their upper supply band after a sharp V-shaped recovery from the ₹1,726 zone. The stock closed firmly at ₹2,106.00. The price action reflects healthy absorption of profit-booking, and the stock is trading comfortably above all its short- and long-term exponential moving averages (20, 50, 100 and 200 EMAs), confirming a robust bullish alignment.

2] Bajaj Finance: Buy at ₹1117 | Target ₹1260 | Stop-loss ₹1045

Bajaj Finance shares are displaying strong bullish momentum, staging a decisive breakout above intermediate resistance around ₹1,100 after a steep V-shaped recovery from the ₹905 support zone. The stock closed firmly at ₹1,117.00. On the daily chart, it has formed a constructive bullish flag following an impulsive surge, printing a bullish candle that absorbed intraday dips and cleared recent swing hurdles. The stock is trading comfortably above all its short- and long-term EMAs (20, 50, 100 and 200), with a fresh golden-cross alignment confirming a robust structural uptrend.

3] Nestle India: Buy at ₹1263 | Target ₹1400 | Stop-loss ₹1195

Nestle India shares are holding firm above short-term dynamic support after an energetic pullback recovery from the ₹1,147.40 swing low. The stock closed constructively at ₹1,263.20. On the daily chart, it has carved out a higher-low structure following an extended decline from its peak near ₹1,553.00, printing a bullish doji/pin-bar-style candle right above the rising 20 EMA. This price action signals steady absorption of supply and renewed dip-buying interest as the stock prepares to challenge immediate overhead resistance near the 50 EMA.

Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. Investors should consult certified financial experts before making any investment decisions.

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