Sumeet Bagadia recommends three stocks to buy on Monday — 6 April 2026

Buy or sell stocks on 6 April 2026: Sumeet Bagadia recommends three stocks to buy on Monday — Tata Consumer Products, BEL, and ACME Solar Holdings

The Indian stock market witnessed high volatility during the shortened week (Mar 30–Apr 2), impacted by geopolitical tensions, rising crude oil prices, a weakening rupee, and continued FII outflows. The market ended FY26 on a weak note, with the Sensex falling 1,635 points (2.22%) and the Nifty dropping 2.14%, led by broad-based selling across sectors.

The new fiscal year (FY27) began on a strong rebound, supported by global cues and hopes of de-escalation in the US-Iran war, with the Sensex gaining 1.65% and the Nifty rising 1.56%, led by banking, IT, and auto stocks. However, gains were partially reversed on April 2 as uncertainty resurfaced following US remarks on the conflict, dragging indices lower again. Overall, the week highlighted fragile sentiment, with geopolitical and oil-related risks continuing to dominate market direction despite intermittent recovery.

Sumeet Bagadia, Executive Director at Choice Broking, believes the complete filling of the initial gap-down by the key benchmark indices of the Indian stock market indicates sustained demand at lower levels. The Choice Broking expert said the Nifty 50 index is facing hurdles at 22,800 and 23,000, respectively, while it has found support at 22,600 to 22,500 levels.

Speaking on the outlook for the Nifty 50 index, Sumeet Bagadia said the 50-stock index recovered and closed in positive territory at 22,713, despite a weak opening on Thursday. On the daily timeframe, the complete filling of the initial gap-down indicates sustained demand at lower levels.

“The immediate support for the index is placed in the 22,450–22,500 range, while resistance is observed between 22,840 and 22,900 levels. The Relative Strength Index (RSI) is currently at 37.56, remaining below the midpoint of 50, which suggests that the momentum lacks strong conviction,” said Bagadia.

Regarding stocks to buy on Monday, Sumeet Bagadia recommended these three buy-or-sell stocks: Tata Consumer Products, BEL, and ACME Solar Holdings.

Readers Comments