Archive · 8 Sep 2026
Taparia Recommends Three Stocks Amid Expected Market Weakness
India’s stock market was expected to start lower on 8 September 2026.
The Nifty 50 and Sensex had both fallen in the previous trading session.
Chandan Taparia of Motilal Oswal said the Nifty 50 could remain weak below 23,900.
He identified 23,600 and 23,500 as possible lower levels for the Nifty 50.
He also said Bank Nifty could weaken below 57,250.
Despite the cautious market outlook, Taparia recommended three stocks for buying.
They were Divi's Laboratories, Multi Commodity Exchange of India, and Ather Energy.
Each recommendation included a target price and a stop-loss level.
Indian benchmarks were expected to open lower on 8 September 2026, with Gift Nifty indicating a discount of about 69 points.
The Sensex fell 382.62 points to 76,132.81, while the Nifty 50 declined 118.55 points to 23,779.15 in the previous session.
Chandan Taparia said the Nifty 50 could remain weak below 23,900, with support at 23,600 and 23,500.
Taparia recommended buying Divi's Laboratories, Multi Commodity Exchange of India, and Ather Energy.
The recommendations included targets of ₹9,800, ₹3,520, and ₹1,700, respectively, with specified stop-loss levels.
- Who
- Chandan Taparia, Head of Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services, recommended three stocks.
- What
- Taparia recommended buying Divi's Laboratories, Multi Commodity Exchange of India, and Ather Energy while providing technical views on the Nifty 50 and Bank Nifty.
- When
- The recommendations were presented for 8 September 2026, although the article also refers to the stock calls as being for 7 August 2026.
- Where
- The recommendations concern the Indian equity market.
- Why
- Taparia cited technical factors including uptrends, moving-average support, bullish chart patterns, improving momentum, and buying interest.
Bullish Stock Setups
Cautious Market Outlook
Recommended trades versus broader-index weakness
Bullish Stock Setups
Taparia recommended buying three stocks, citing bullish trends, buying interest near moving averages, breakouts, and supportive volumes.
Cautious Market Outlook
The broader market was expected to open lower, and Taparia said the Nifty 50 and Bank Nifty could decline further if they remained below specified resistance levels.
Key technical levels
Bullish Stock Setups
Divi's Laboratories could move toward fresh highs above ₹9,300, while Ather Energy could begin another upmove above ₹1,640, according to the analysis.
Cautious Market Outlook
The Nifty 50 faced resistance at 23,900 and 24,000, while Bank Nifty faced hurdles at 57,500 and 57,750.
- Nifty 50 close
- 23,779.15, down 118.55 points or 0.50% in the previous session
- Sensex close
- 76,132.81, down 382.62 points or 0.50% in the previous session
- Nifty 50 view
- Weakness may extend toward 23,600 and 23,500 while below 23,900
- Bank Nifty view
- Weakness may extend toward 56,750 and 56,500 while below 57,250
- Divi's Laboratories call
- Buy; target ₹9,800; stop loss ₹9,050
- Multi Commodity Exchange of India call
- Buy; target ₹3,520; stop loss ₹3,230
- Ather Energy call
- Buy; target ₹1,700; stop loss ₹1,551