Bullish Monday: Top Stock Picks by Sumeet Bagadia for Investors
Explore top stock picks by Sumeet Bagadia as Nifty 50 breaks barriers, boosting optimism. Find out why Dr Reddy’s, Tata Consumer Products, and HDFC Bank are in the spotlight.
In the ever-fluctuating world of stocks, Monday, October 20, 2025, promises to ignite the market spirit as Nifty 50 shatters barriers, setting investors abuzz. According to Sumeet Bagadia, Executive Director at Choice Broking, the market sentiment has shifted positively, creating a fertile ground for traders to explore promising stocks. As stated in Mint, Bagadia spotlights Dr Reddy’s Laboratories, Tata Consumer Products, and HDFC Bank as top contenders to buy this Monday.
Market Momentum and Nifty 50’s Breakthrough
The Indian stock market has been riding a wave of optimism, with the Nifty 50 index breaking past the 25,500 resistance level. This triumph, as highlighted by Sumeet Bagadia, points towards an even more promising journey as the index targets 26,000 and beyond. The Bank Nifty also reached new heights, fueling investor enthusiasm ahead of Dhanteras.
Dr Reddy’s Laboratories: A Potential Breakout Candidate
Trading at ₹1,255.90, Dr Reddy’s Laboratories stands on the brink of a breakthrough. The share is consolidating within a symmetrical triangle pattern, a classic sign of impending movement. With the RSI hovering around 49, the stock shows early signs of gathering momentum. Bagadia recommends buying at current levels with a target of ₹1,340 and a stop loss at ₹1,210.
Tata Consumer Products: Riding the Bull
Tata Consumer Products is exhibiting robust bullish momentum, trading at ₹1,166. The stock recently cleared a crucial resistance of ₹1,150, signifying a positive market turn. Strong technical indicators, including a favourable RSI of 66.09, underline its ascent. Bagadia advises purchasing with a target of ₹1,300 and a stop loss at ₹1,102.
HDFC Bank: Positioned for Growth
HDFC Bank manifests a promise, trading at ₹1,002.55. The stock’s ascent follows a double bottom pattern, amplified by a decisive breakout. With RSI at 75.12, it signals persistent strength and a possible extended rally. Investors may consider buying with a target of ₹1,075 and a prudent stop loss at ₹965.
Conclusion: Navigating the Stock Market
As the market heralds a new week, investors are urged to stay informed and exercise due diligence, blending expert insights with personal strategy. Under Sumeet Bagadia’s guidance, Dr Reddy’s, Tata Consumer Products, and HDFC Bank emerge as prime picks, poised to benefit from the current market dynamics.
Disclaimer: This article serves educational purposes and reflects the views of Sumeet Bagadia from Choice Broking. Investors should consult certified experts for personalized investment advice.
