Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —10 September 2026

The Indian stock market remained under pressure on Wednesday, September 9, as intensifying tensions in the Middle East drove oil prices to a six-week high, raising concerns over a renewed rise in global inflation. The Nifty fell 0.86% to close at a three-month low of 23,431, while the Sensex slipped 1.08% to end the session at 74,764. The Nifty 50 closed at 23,431.50, down 203.60 points, extending its decline after another gap-down start. The break below the 23,500 mark and rising trendline keeps the short-term setup firmly under pressure, while oversold RSI leaves room for a technical bounce. The immediate support is placed at 23,300–23,360, with a breach potentially opening further downside. On the higher side, 23,570–23,650 is likely to cap recovery attempts, followed by the broader resistance zone near 23,800. With India VIX rising to 11.92 and Call OI concentrated at higher strikes, the near-term bias remains bearish, though oversold conditions could trigger intermittent rebounds. Bank Nifty ended at 56,295.55, down 482.00 points, as sustained selling kept the index near the lower end of the session. The breach of its rising trendline and key moving-average supports has further weakened the technical structure, while the index is now trading below the 200-Day EMA, signalling increased downside risk. The 56,000–56,100 zone is the immediate support to watch, and a decisive break could intensify selling pressure. Any recovery is likely to encounter resistance around 56,600–56,750, with sustained strength above this zone needed to improve the setup. Given the weak price action and oversold momentum, the near-term bias remains cautious to bearish. Sumeet Bagadia, Executive Director at Choice Broking, recommends five breakout shares to buy on Thursday, 10 September, including One 97 Communications, Global Health, Adani Power, JSW Infrastructure, and Aditya Birla Sun Life Amc. Bagadia recommends buying One 97 Communications at ₹ 1751 with a target of ₹ 1875 and a stop loss of ₹ 1690. The stock has initiated a strong bullish continuation move on its daily timeframe, supported by favorable trend continuation and a solid structural alignment in its primary uptrend. Bagadia also recommends buying Global Health at ₹ 1480 with a target of ₹ 1585 and a stop loss of ₹ 1428. The stock remains in a healthy uptrend, trading well above its key exponential moving averages, and has turned up its daily RSI indicator. Bagadia recommends buying Adani Power at ₹ 215 with a target of ₹ 230 and a stop loss of ₹ 207. The stock has established a solid accumulation floor around the 200 level and reclaimed key hurdle zones. Bagadia recommends buying JSW Infrastructure at an unspecified price with an unspecified target and stop loss, citing a similar analysis to Adani Power. Finally, Bagadia recommends buying Aditya Birla Sun Life Amc at an unspecified price with an unspecified target and stop loss, citing a similar analysis to the other stocks.