Investor Strategist Identifies Five Key Stocks for April 13, 2026

Indian Stock Market Witnesses Strong Rebound

The Indian stock market experienced a strong rebound after six consecutive weeks of decline, supported by favorable global cues. Investor sentiment remained positive on expectations of a temporary US-Iran ceasefire talks, although persistent geopolitical tensions capped further gains as the week progressed.

Benchmark Indices Advance

Both benchmark indices, the Nifty and Sensex, advanced around 6%, ending the week near their highs at 24,050.60 and 77,550.25, respectively. The Nifty 50 index opened with a gap-up of 105.45 points at 23,880.55 and witnessed minor weakness in the initial minutes, marking its intraday low near the opening level at 23,856.35. However, sustained buying interest throughout the session supported a steady upward move, pushing the index to an intraday high of 24,074.05. The index eventually closed near the day's high at 24,050.60, registering a gain of 275.50 points or 1.16% over the previous close.

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Technical Analysis

According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of a bullish candlestick pattern indicates continued buying interest and strengthening market sentiment. From a technical perspective, immediate support is placed in the 23,750-23,800 range, while resistance is observed between 24,200-24,250 levels. The Relative Strength Index (RSI) stands at 54.24, remaining above the 50 midpoint, indicating sustained positive momentum.

Bank Nifty Index

The Bank Nifty index opened with a gap-up of around 360 points at 55,182.25 and witnessed minor early weakness, marking its intraday low near the opening level at 55,145.25. Thereafter, strong buying interest emerged, driving a steady uptrend throughout the session and pushing the index to an intraday high of 55,978.50. The index closed near its day's high at 55,912.75, gaining 1,091.05 points or 1.99% for the day.

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Sumeet Bagadia's Recommendations

Amid the US-Iran war, Sumeet Bagadia recommends five shares to buy on Monday, April 13:

These stocks have a strong bullish momentum and are expected to continue their upward trend. However, it is essential to maintain a stop loss to protect against any short-term retracement.