Sumeet Bagadia’s 3 Stock Picks for Monday: HDFC Life, BEL and Nestle India in Focus
Summary: Technical Analyst Flags Three Stocks for Monday Trading
Sumeet Bagadia, Executive Director and Head of Technical Research at Choice Broking, has recommended HDFC Life, Bharat Electronics (BEL), and Nestle India as stocks to consider for Monday, August 24, 2026. His recommendations come as the broader Indian market remains volatile, with the Nifty 50 holding above the key 24,000–24,050 support zone.
Description
HDFC Life: Bagadia sees a favourable technical setup in the insurance stock and recommends it as one of his preferred trades for Monday.
Bharat Electronics (BEL): The defence-sector stock features among Bagadia’s three picks, reflecting continued technical interest in the counter.
Nestle India: The FMCG major is the third stock on Bagadia’s Monday recommendation list.
Market backdrop: Indian equities have faced pressure from elevated crude oil prices, global bond yields and geopolitical uncertainty.
Nifty support: Bagadia believes the broader recovery structure remains intact as long as the Nifty sustains above the 24,000–24,050 support area.
Key Highlights
HDFC Life, BEL and Nestle India are Sumeet Bagadia’s three Monday stock picks.
The recommendations are based primarily on technical analysis.
The 24,000–24,050 zone remains an important support area for the Nifty 50.
Investors are also tracking crude oil, global bond yields and geopolitical developments for market direction.
These are analyst/trading recommendations, not guaranteed returns; investors should consider their own risk profile before taking positions.
Bottom line: With market volatility remaining elevated, Bagadia’s picks provide three stocks traders may watch for technical opportunities on Monday.
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