Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 13 July 2026

Buy or sell stocks: The Indian stock market ended sharply higher on Friday, July 10, with buying interest seen across the board. Benchmark indices—the Sensex and the Nifty 50—gained more than 1% each, while broader markets outperformed, supported by positive global cues.

The rally marked the second straight session of gains, with the Sensex climbing 828 points, or 1.08%, to close at 77,569.39. The Nifty 50 also advanced 244 points, or 1.02%, to settle at 24,206.90.

Nifty 50 opened on a firm note at 24,124.70 and marked its intraday low of 24,120.35 in the opening minutes before witnessing steady buying interest. The index gradually moved higher through the session, traded in a narrow consolidation range during the middle hours, and extended gains in the latter half to touch an intraday high of 24,228.45. Nifty eventually settled at 24,206.90, gaining 244.10 points (+1.02%), reflecting sustained buying momentum and improved market sentiment. Intraday price action remained constructive, with the index holding above short-term averages throughout the session and showing strength in the latter half after a phase of sideways consolidation.

According to Sumeet Bagadia, Executive Director at Choice Broking, Nifty formed a strong bullish candle on the daily chart, indicating continuation of the ongoing recovery and sustained buying interest near support zones. The index continues to trade above its key short-term moving averages, while the 23,920–24,000 zone is expected to provide immediate support. On the upside, 24,450–24,500 remains the next important resistance area, and a decisive move above this zone could extend the current uptrend.

“The RSI has improved to 55.80, indicating strengthening momentum and a positive bias. India VIX declined 8.31% to 12.25, reflecting easing volatility and improving investor confidence. In the derivatives segment, the PCR stands at 1.14, suggesting a moderately bullish undertone. Significant Call Open Interest was concentrated at the 24,200 and 24,300 strikes, while notable Put Open Interest was seen at the 24,200 and 24,000 strikes. The 24,200 strike remained the dominant Max Pain level throughout the session, indicating a strong equilibrium zone for the near term,” said Bagadia.

Bank Nifty witnessed a strong bullish session, closing at 58,045.90, up 793.45 points (+1.39%). The index opened with a gap-up of around 340 points at 57,592.50 and, after marking an intraday low of 57,576.70 in early trade, witnessed sustained buying throughout the session. The momentum pushed the index to an intraday high of 58,251.95, before it settled near the day's higher levels, reflecting robust buying interest across the banking pack. Strength in PSU Banks, which outperformed with gains of over 3%, along with supportive participation from private banking stocks, significantly aided the rally.

Bagadia noted that the index has formed a strong bullish candlestick, reaffirming the continuation of the ongoing uptrend. The index has successfully held above the previous swing-high breakout zone, which is now aligned with the 50-Day and 200-Day EMA juncture, indicating a strong support base and improving trend strength. The immediate support is placed at 57,300–57,450, while 58,400–58,700 remains the key resistance zone. A decisive move above this hurdle could trigger the next leg of the rally.

“The RSI has improved further while remaining in the positive zone, indicating strengthening bullish momentum and healthy price participation. As long as Bank Nifty sustains above the 57,300–57,450 support zone, the overall bias is expected to remain positive. A sustained breakout above 58,700 could pave the way for further upside in the coming sessions,” he added.

Sumeet Bagadia recommends five shares to buy on Monday, 13 July: Rajratan Global Wire, Jindal Poly Films, Datamatics Global Services, Chennai Petroleum Corporation, and Godrej Properties.

1] Rajratan Global Wire: Buy at ₹482, Target ₹530, Stop Loss ₹455

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