Stocks to Watch: Sumeet Bagadia Identifies Five Trading Opportunities as of April 10, 2026

Indian Stock Market Ends 1% Lower Amid Geopolitical Tensions

The Indian stock market experienced a decline of 1% on Thursday, April 9, following a strong intraday gain in the previous session. The Sensex dropped by over 1,000 points, or 1.3%, to close at 76,557, while the Nifty 50 fell 257 points, or 1.07%, to 23,740.

The Nifty 50 index opened the session with a gap-down of 88 points, indicating a weak start to the day. The index attempted to sustain above higher levels but failed to hold, forming an intraday high at 23,990.75. This rejection from the top led to a sharp correction, reflecting strong selling pressure at elevated levels. Further, Nifty made another unsuccessful attempt to hold above the 23,800 mark, which triggered extended selling and pushed the index down to an intraday low of 23,682.80. It eventually settled at 23,775.10, registering a decline of 222.25 points (0.93%).

Market Outlook and Technical Analysis

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According to Sumeet Bagadia, Executive Director at Choice Broking, the formation of a bearish piercing pattern on the charts suggests continued downside bias in the near term. From a technical perspective, the 23,920–24,000 zone is acting as an immediate resistance band, while strong support is seen in the 23,500–23,580 range. The daily RSI stands at 51.30, indicating neutral momentum with a slight bearish inclination.

Bank Nifty and Derivatives

The banking benchmark index, Nifty Bank, started the session on a weak note, opening with a gap-down of around 207 points at 55,505.95. It witnessed a brief recovery and climbed to an intraday high of 55,583.10, indicating some buying interest at lower levels. However, this upward move was short-lived, as the index failed to hold gains and came under sustained selling pressure, slipping to an intraday low of 54,626.85. It finally settled at 54,821.70, recording a decline of approximately 882.20 points (1.58%).

Sumeet Bagadia's Stock Recommendations

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Amid the US-Iran war, Sumeet Bagadia recommends five shares to buy on Friday, April 10:

Technical Analysis and Recommendations

1. GE Vernova T&D India: Buy at ₹3911, Target ₹4200, Stop Loss ₹3750. The stock has broken out of a consolidation range and is forming higher highs, indicating continued strength.
2. Isgec Heavy Engineering: Buy at ₹953, Target ₹1020, Stop Loss ₹914. The stock has formed a strong base near the 850 levels and has gradually moved higher, indicating sustained accumulation and improving sentiment.
3. Waaree Energies: Buy at ₹3232, Target ₹3450, Stop Loss ₹3088. The stock has shown a strong recovery from lower zones and is now forming a series of higher highs and higher lows, indicating a shift back towards a bullish trend.
4. Senores Pharmaceuticals: Buy at ₹805, Target ₹870, Stop Loss ₹775. The stock has managed to hold its base near the 760–levels and is now attempting to move higher, indicating steady accumulation at lower levels.
5. Power Finance Corporation: Buy at ₹428, Target ₹460, Stop Loss ₹410. The stock has shown a strong bounce from lower levels and is now consolidating near its recent highs, indicating sustained buying interest and potential continuation of the uptrend.