Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 16 June 2026

Indian markets closed sharply higher on 15 June 2026 after the US-Iran peace deal eased geopolitical tensions, with Sensex rising 736 points (0.97%) to 76,264 and Nifty 50 gaining 231 points (0.98%) to 23,854 after briefly crossing 24,000 intraday. Bank Nifty closed up 0.68% at 57,198.80 despite profit booking from highs. Technical analyst Sumeet Bagadia of Choice Broking identified five breakout stocks to buy on 16 June: Nippon Life India Asset Management (₹1140, target ₹1235), Elecon Engineering, Hindustan Foods, Manali Petrochemicals, and Belrise Industries, citing Nifty's recovery from a falling channel pattern with immediate support at 23,700–23,750 and resistance at 24,000–24,050.