Stock Market Recommendations: Expert Identifies Five Key Shares to Consider on May 13, 2026

Indian Stock Market Extends Losing Streak on Mixed Global Signals

The Indian stock market has extended its losing streak for a fourth consecutive session on Tuesday, May 12, amidst mixed global market signals. The benchmark indices, BSE Sensex and Nifty 50, witnessed significant declines, with the Sensex tumbling 1,566 points, or 2%, to hit an intraday low of 74,449. The Nifty 50 also slipped 2% to touch its day's low of 23,348.

By the close, the Sensex had settled 1,456 points, or 1.92%, lower at 74,559.24, while the Nifty 50 ended down 436 points, or 1.83%, at 23,379.55. The Bank Nifty index also witnessed weakness, opening with a gap-down at 54,178.40 and closing near the day's low at 53,555.20, declining by 884.70 points or 1.63% for the day.

Market Analysis

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According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of a strong bearish candlestick pattern on the daily timeframe reflects sustained selling pressure throughout the session and continued weakness in the broader market structure. From a technical perspective, immediate support for the Nifty 50 is placed in the 23,150-23,200 range, while resistance is observed between 23,550 and 23,600 levels.

The Relative Strength Index (RSI) stands at 39.86 for the Nifty 50, slipping below the 40 mark and indicating weakening momentum with a bearish undertone. In the derivatives segment, notable call writing was seen at the 23,500 strike, followed by 23,600, while significant put writing was observed at 23,400 and 23,300 levels, indicating lower support zones with a broader bearish bias.

Stock Recommendations

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Despite the market's weakness, Sumeet Bagadia recommends five shares to buy on Wednesday, May 13:

1. R R Kabel

• Buy at ₹1938, Target ₹2070, Stop Loss ₹1850
• R R Kabel share price has entered a strong momentum phase after delivering a decisive breakout above its previous consolidation range and has surged into uncharted territory after registering a fresh all-time high.

2. V2 Retail

• Buy at ₹220, Target ₹235, Stop Loss ₹210
• V2 Retail share price is gradually gaining bullish traction after witnessing a steady recovery from its recent consolidation phase above 210 levels.

3. Bajaj Consumer Care

• Buy at ₹547, Target ₹600, Stop Loss ₹520
• Bajaj Consumer Care share price has entered a strong price discovery phase and is hovering near its record high zone around 547, highlighting sustained bullish momentum.

4. Onesource Specialty Pharma

• Buy at ₹1830, Target ₹1950, Stop Loss ₹1740
• Onesource Specialty Pharma share price is showing a strong recovery pattern and is currently trading around 1830 after a sharp rebound from lower levels.

5. Bliss GVS Pharma

• Buy at ₹274, Target ₹300, Stop Loss ₹264
• Bliss GVS Pharma share price is displaying impressive relative strength and is currently consolidating near its lifetime high zone around 274, indicating sustained bullish momentum.

These shares are expected to witness fresh momentum buying and may push their prices towards the target levels in the coming sessions.