Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 17 June 2026

Indian benchmark indices extended their winning streak for a third consecutive session on June 16, supported by investor optimism following the US-Iran peace agreement and a drop in crude oil prices. The BSE Sensex gained 544 points (0.71%) to close at 76,809, while the NSE Nifty 50 advanced 135.25 points (0.57%) to settle at 23,989, with both indices up nearly 4 percent over the past three sessions. Sumeet Bagadia of Choice Broking highlighted a bullish inside-bar formation on the Nifty daily chart with immediate support at 23,750 to 23,800 and resistance at 24,150 to 24,200, while the Bank Nifty formed a doji pattern at 57,297.15 suggesting indecision after the recent upmove.