Buy or Sell: Sumeet Bagadia Recommends Three Stocks to Buy on Monday - 8 June 2026

Why It Matters

The RBI’s cautious stance underscores heightened inflation risk, prompting traders to focus on technical support zones and sector‑specific opportunities, while Bagadia’s picks offer potential upside in a volatile market.

Key Takeaways

• RBI kept repo rate at 5.25% amid inflation, growth concerns.
• Nifty support 23,200–23,250; resistance 23,650–23,700.
• Axis Bank target $15.5 (₹1,350) with stop $14.7 (₹1,222).
• Max Health target $12.6 (₹1,050) after bounce from $11.8 (₹977).
• TVS Motor aim $44.6 (₹3,700) as RSI nears 45.

Pulse Analysis

The RBI’s decision to hold the repo rate at 5.25% reflects a delicate balance between curbing inflation and sustaining growth. By raising its inflation outlook to 5.1% and trimming FY27 GDP expectations to 6.6%, the central bank signaled that external shocks—particularly elevated crude prices and geopolitical tension—remain key headwinds. Investors therefore are re‑evaluating risk‑adjusted returns across Indian equities, with a heightened focus on sectors that can weather price volatility.

Technical analysts are zeroing in on the Nifty’s immediate support at 23,200‑23,250 and resistance near 23,650‑23,700, while the Bank Nifty shows a more indecisive spinning‑top pattern around 54,000‑54,100 support. The RSI readings—40.6 for the Nifty and 50.1 for Bank Nifty—suggest weakening momentum but also room for a rebound if buying pressure resurfaces. Such chart dynamics are prompting traders to monitor volume spikes at key strike levels in the derivatives market, which could foreshadow a breakout or further consolidation.

Against this backdrop, Sumeet Bagadia’s three stock recommendations target companies with solid balance sheets and clear technical catalysts. Axis Bank trades near ₹1,272 (≈$15.3) with a stop at ₹1,222 and a target of ₹1,350 (≈$15.5), leveraging its 200‑day EMA support. Max Healthcare, at ₹977 (≈$11.8), aims for ₹1,050 (≈$12.6) as higher highs emerge, while TVS Motor’s base at ₹3,384 (≈$40.8) could climb to ₹3,700 (≈$44.6) if RSI momentum sustains. These picks blend fundamental resilience with chart‑based upside, offering investors a focused playbook amid broader market uncertainty.