Sumeet Bagadia flags Nifty support, resistance levels
In short
Sumeet Bagadia said the Nifty 50 has support at 22,800–22,900 and resistance at 23,150–23,200, in a publisher-supplied market note. The same note pointed to three stocks under ₹100: SJVN, NHPC and Bank of Maharashtra.
This matters for traders looking for short-term levels and cheap stock ideas. The report does not give full target prices or explain why these shares were chosen.
What the reporting says
Sumeet Bagadia outlined a market view with immediate support for the Nifty 50 at 22,800–22,900 and a crucial resistance zone at 23,150–23,200, according to a publisher-supplied summary. The note also promoted three sub-₹100 stock ideas, including SJVN, NHPC and Bank of Maharashtra, though no detailed targets were provided in the available reporting. The immediate implication is a short-term trading setup; the full rationale and timing are not stated.
Why it matters
Sumeet Bagadia’s market comment pointed traders to Nifty 50 support at 22,800–22,900 and resistance at 23,150–23,200, based on a publisher-supplied summary. The same note recommended SJVN, NHPC and Bank of Maharashtra as stocks to buy under ₹100. No official filing or full research note is provided, so the specific price targets and selection logic remain unknown.