Archive · 31 Jul 2026
Motilal Oswal Analyst Recommends Three Stocks for July 31
A stock market expert named Chandan Taparia from Motilal Oswal said that three companies—Sona BLW Precision Forgings, Alkem Laboratories, and RBL Bank—are good to buy today.
He gave each a target price and a stop‑loss price to help investors.
He also talked about the big Indian market indices, Nifty 50 and Bank Nifty, saying they should stay above certain levels to keep going up.
He looked at option data to show where the market might move next.
The overall market is expected to open flat or slightly higher on Friday, following a steady trend worldwide.
Motilal Oswal’s Chandan Taparia recommends buying Sona BLW Precision Forgings, Alkem Laboratories, and RBL Bank.
Target prices are ₹800 for Sona BLW, ₹6,150 for Alkem, and ₹400 for RBL Bank, with stop losses at ₹740, ₹5,650, and ₹366 respectively.
Nifty 50 should stay above 24,300 to move toward 24,600, while Bank Nifty needs to hold above 57,000 to bounce higher.
Option data shows call writing at 24,600/24,300 and put writing at 24,300/24,200, indicating a trading range of 23,900–24,700.
The Indian market is projected to open flat‑to‑positive on Friday, following a steady global trend.
- Who
- Chandan Taparia, Head Derivatives & Technicals at Motilal Oswal Financial Services Ltd
- What
- Recommends buying three stocks and provides market outlook for Nifty 50 and Bank Nifty
- When
- 31 July 2026
- Where
- Indian stock market, Nifty 50 and Bank Nifty indices
- Why
- To guide investors on buying opportunities and expected market direction
- Analyst
- Chandan Taparia
- Company
- Motilal Oswal Financial Services Ltd
- Recommended Stocks
- Sona BLW Precision Forgings, Alkem Laboratories, RBL Bank
- Target Prices
- ₹800, ₹6,150, ₹400
- Stop Losses
- ₹740, ₹5,650, ₹366