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Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 January 2026

Stock market today: The Indian stock market traded in a narrow range on Monday with a cautious undertone, as tariff-related concerns and geopolitical uncertainties kept global investors on edge. Fresh threats from US President Donald Trump's tariffs on select European countries triggered a global risk-off mood, weighing on domestic sentiment. Persistent selling by foreign investors, along with continued weakness in the rupee against the dollar, added to the pressure on Indian equities, keeping participants defensive through the session.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 January 2026

Credit: Livemint

Key Highlights

  • Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market sentiment is weak.
  • The Choice Broking expert said that as long as the Nifty 50 index closes above 25,500, a selective buy-on-dips strategy remains favourable, with a strict stop-loss at 25,150.
  • Speaking on the outlook of the Nifty 50 index, Sumeet Bagadia said, “The technical chart pattern indicates a weak intraday sentiment with selling pressure at higher levels.
  • The index briefly crossed 26,600 but could not sustain the move due to a lack of follow-through buying.
  • Immediate resistance is in the 25,700–25,750 range, while support is at 25,400–25,450.” “The Bank Nifty price behaviour indicates that intraday declines are being absorbed by buyers, thereby keeping the broader trend constructive.
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Sources

  1. Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 January 2026

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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