Stock market next week
Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market sentiment is positive as the Nifty 50 index is above the 26,000 mark. The Choice Broking expert stated that the 50-stock index has established a crucial support level at 25,800. Breaking below this level would weaken market sentiment. On the upper side, the key index is facing a hurdle at 26,200. Breaking above this resistance on a closing basis would mean the index is heading towards 26,700 in the near term.
Speaking on the outlook of the Indian stock market, Sumeet Bagadia said, "The Indian stock market sentiment is positive as the Nifty 50 index is above 26,000 despite profit-booking trigger on Friday. The index has found crucial support at 25,800 and is facing minor resistance at 26,200. Breaking above 26,200 would strengthen market sentiment, and the Nifty 50 index would likely reach 26,700 soon. On breaking below 25,800 would weaken the market sentiment, and the 50-stock index may try to touch the 25,350 levels."
# Buy or Sell: Sumeet Bagadia's Top Three Stock Picks for Monday, November 24, 2025
As the Indian stock market continues its bullish stride into the final week of November, investors are eyeing fresh opportunities amid positive sentiment. The Nifty 50 has firmly planted itself above the 26,000 mark, closing the week around 26,070 with a modest 0.61% gain. This resilience comes despite global uncertainties, with every market dip being scooped up by buyers, signaling broader participation across sectors. In this optimistic backdrop, Executive Director at Choice Broking, Sumeet Bagadia, has shared his curated list of three stocks worth considering for a buy on Monday, November 24, 2025. Bagadia, a seasoned analyst known for his technical insights, emphasizes stocks showing strong uptrends, key support levels, and breakout potential.
Whether you're a seasoned trader or dipping your toes into the market, these recommendations blend technical analysis with momentum indicators like EMAs and RSI. Let's dive into each pick, complete with entry points, targets, stop losses, and the rationale behind them. Remember, while these suggestions are data-driven, always align them with your risk tolerance and conduct your own due diligence.
## 1. Maruti Suzuki: Riding the Long-Term Uptrend Wave
**Buy at:** ₹15,977
**Target:** ₹17,250
**Stop Loss:** ₹15,300
Maruti Suzuki, the undisputed leader in India's passenger vehicle segment, is a standout for Bagadia due to its unwavering long-term uptrend. Currently trading around ₹15,977, the stock recently pulled back mildly but found solid footing near its 50-day Exponential Moving Average (EMA), sparking renewed buying interest. This consolidation has paved the way for fresh upside, with the price action forming consistent higher lows—a classic sign of bullish continuation.
What makes this compelling? The stock is comfortably above its crucial 20-, 50-, and 200-day EMAs, underscoring a robust structural bias toward gains. The Relative Strength Index (RSI) at 56.70 has rebounded from oversold territory, hinting at building momentum with plenty of headroom left. For auto sector enthusiasts, this could be a timely entry as festive demand lingers and economic recovery bolsters consumer spending.
## 2. IndiGo: Poised for a Breakout from Sideways Consolidation
**Buy at:** ₹5,843.50
**Target:** ₹6,300
**Stop Loss:** ₹5,600
Aviation heavyweight IndiGo is another gem in Bagadia's lineup, trading at approximately ₹5,843.50 and holding steady in its overarching uptrend. After a short-lived retracement, it's been digesting gains in a sideways range—a healthy breather before the next leg up. The key watchpoint? A falling trendline resistance hovering near ₹5,850. A clean break above this could unleash significant bullish energy.
Downside protection is equally reassuring, with strong support at ₹5,600 where accumulation has been evident. IndiGo remains perched above its 20-, 50-, and 200-day EMAs, reinforcing the bigger-picture positivity. With an RSI of 56.79 signaling improving momentum, this pick aligns well with the sector's rebound, fueled by rising air travel and operational efficiencies. If IndiGo soars, it could mirror the broader market's decoupling from global headwinds.
## 3. ITC: Eyeing a Symmetrical Triangle Breakout
**Buy at:** ₹407.85
**Target:** ₹440
**Stop Loss:** ₹390
Rounding out the trio is diversified giant ITC, priced at about ₹407.85 and forming an intriguing symmetrical triangle on the weekly chart. This consolidation pattern often precedes explosive moves, and Bagadia spots rising volumes near key support as a bullish telltale. The stock is inching toward a breakout, with immediate resistance between ₹410 and ₹415—coinciding with the 100-week EMA. Clearing this hurdle decisively could flip the script from range-bound to outright reversal territory.
On the flip side, the ₹400 zone has seen substantial buying, providing a reliable floor. ITC's position above the upward-sloping 200 EMA speaks to its long-term strength, while the weekly RSI at 46.54 is flashing early signs of vigor. For value hunters, ITC's blend of FMCG stability, tobacco resilience, and hotel/hospitality upside makes it a defensive yet growth-oriented bet in uncertain times.
## Market Outlook: Bullish Base with Room to Run
Bagadia's picks come at a juncture where the Nifty's support at 25,800 holds firm, while a push past 26,200 could propel it toward 26,700. The market's second straight week of gains reflects investor confidence, with dips turning into buying opportunities. Sectors like autos (Maruti), aviation (IndiGo), and consumer goods (ITC) are poised to benefit from this momentum.
That said, trading isn't without risks—volatility from global cues or earnings surprises could sway things. Bagadia's advice is rooted in technicals, but pair it with fundamentals for the best results. As always, use stop losses religiously and avoid over-leveraging.
What are your thoughts on these picks? Planning to add any to your watchlist for Monday? Drop a comment below, and stay tuned for more market insights. Happy investing!
*Disclaimer: This blog is for informational purposes only and not financial advice. Consult a certified advisor before making investment decisions.*
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