Sumeet Bagadia picks 3 stocks to buy on 9 June 2025 :

Sumeet Bagadia picks 3 stocks to buy on 9 June 2025 :

Purchase or sell: On Monday, Sumeet Bagadia suggested purchasing shares of NCC, M&M, and Voltas.

Indian stock market: The Nifty 50 and Sensex both rose more than 1% as a result of a larger-than-expected repo rate reduction and further liquidity support provided by a CRR cut.

Also Read : FIIs invest ₹15K cr; still net sellers in 2025.

The Sensex climbed 443 points,or 1%,to end at 82,188,while the Nifty 50 advanced 252 points, or 1.02%,to land at 25,003. The Sensex finished the week up 0.91%,while the Nifty 50’s weekly performance was turned into positive territory with a gain of 1.02% thanks to today’s RBI-driven rise.

Next week’s stock market :
Since the Nifty 50 index decisively broke above 25,000,confidence in the Indian stock market has improved.

“We can anticipate that the 50-stock index will reach 25,600 and 26,000,respectively,once the benchmark index decisively breaks above Friday’s high,”stated Sumeet Bagadia,Executive Director at Choice Broking.

Stocks to purchase :
On Monday, June 9, 2025, Sumeet Bagadia has suggested three stocks for purchase. NCC, M&M, and Voltas shares are the three stocks that Bagadia has selected.

The three stocks to purchase on Monday are as follows:

NCC | Target Price: 260 | Stop Loss: 225 | Purchase at ₹237.89
A traditional indicator of a growing uptrend, NCC is currently trading at ₹237.89 and has demonstrated a robust comeback from lower levels, regularly creating higher highs and higher lows on the daily timeframe. The stock has gone through a brief period of stabilization close to its swing highs following this upward advance, which suggests that profit booking and base building are doing well ahead of a possible next leg higher.

According to the most recent price action, NCC is about to break out of this consolidation area, which could indicate that its rising momentum will continue. Confirming the breakout and possibly paving the way for a brief rally towards the 260 level, a crucial resistance zone, would require a sustained move above the 240 mark.

The bulls are also favored by momentum indicators. At 60.08, the Relative Strength Index (RSI) is displaying indications of a potential positive crossing and a reversal from lower levels, both of which suggest growing bullish momentum. Trend-wise, NCC is circling its long-term EMA; a clear rise above this might confirm bullish strength even more. Near important technical levels, the stock seems to be under accumulation and is still well-supported.

With the help of favorable technical signs and a positive price structure, the setup structurally points to a move from a consolidation period toward a possible breakout. For positional traders, this offers a good risk-reward potential. With a stop-loss at ₹225 to control downside risk, traders may think about purchasing NCC at the current market price of ₹237.89 due to the breakout pattern that is developing, the growing momentum, and the technical alignment. A long-term breakout over 240 might pave the way for a short-term upward surge toward 260.

M&M | Target Price: ₹3425 | Stop Loss: ₹2950 | Purchase at ₹3106.50
With a current price of ₹3,106.50, M&M is still on a strong upward track. Following a recent recovery from lower levels, the stock went through a brief period of consolidation before forming a classic Flag and Pole pattern, which is a continuation setup sometimes observed in markets that are trending.

According to the price action, M&M is about to break out of this pattern, which could signal the start of the current bullish trend again if it is verified. A prolonged rise over ₹3,150 would serve as a breakout confirmation and would open the door for a brief rally in the direction of ₹3,425, the next major resistance level.

The Relative Strength Index (RSI), which measures momentum, is currently at 59.53. It has recently shown a positive crossing and a strong reversal from lower levels, both of which indicate the optimistic view and the growing strength. The fact that M&M is trading comfortably around all of its major moving averages—the short-, medium-, and long-term EMAs—from the standpoint of trend alignment highlights the stock’s strength and offers a solid support structure.

For positional traders looking to capitalize on the continuing momentum, the structural development of a bullish continuation pattern supported by trend support and powerful technical indicators offers an alluring opportunity. In order to manage downside risk, traders may think about purchasing M&M at the current market price of ₹3,106.50, with a stop-loss set around ₹2,950, given the emerging breakout structure, strong price action, and supporting indicators. A clear breakout over ₹3,150 can result in ₹3,425 as the short-term target.

VOLTAS | Target Price: ₹1400 | Stop Loss: ₹1205 | Purchase at ₹1271.10
After a steep drop of around 41%, VOLTAS is now trading at ₹1,271.10 and has entered a sideways consolidation phase close to its previous levels. The recent price action points to a possible breakout from this consolidation zone, while the extended range-bound movement suggests a base formation.

A short-term rally toward the ₹1,400 level, the next significant resistance based on the anticipated range breakout, may be triggered if the stock is able to break and hold above the ₹1,300 mark.

With a current value of 52.50, the Relative Strength Index (RSI) has recently displayed indications of a reversal from lower levels, indicating a change in momentum and increasing possibility for additional upside. This strengthens the bullish situation and increases the likelihood of a breakout.

On the trend front, VOLTAS is currently trading above its short-term EMA and just below its medium-term EMA after rising from its recent lows. The positive prognosis could be strengthened if the stock continues to rise above both of these averages and approaches testing of its long-term EMA.

With momentum reversal and better trend structure supporting it, the stock is technically in a recovery phase and presents a favorable risk-reward opportunity for positional traders. With a stop-loss at ₹1,205 to control downside risk, traders may think about purchasing VOLTAS at the current market price of ₹1,271.10, given the probability of a consolidation breakout, increasing momentum, and better EMA alignment. A prolonged rise above ₹1,300 would pave the way for a short-term upward aim of ₹1,400.

Disclaimer: The sole intention of this story is education. The opinions and suggestions expressed above are not those of bharatbulletin24x7.com, but rather those of individual analysts or broking firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.