Archive · 4 Nov 2025
Indian Stock Market Edges Higher; Analyst Recommends Stocks to Buy
On Tuesday, November 4, 2025, the Indian stock market, including the main Sensex and Nifty indexes, started the day with small gains.
It's like the market took a small step forward after a day of very little change.
Experts who watch the market, like Chandan Taparia, are looking at the numbers to see where the Nifty might go next.
They think it could move between 25,600 and 26,000 for now.
The Bank Nifty, which is a part of the market focused on banks, did a bit better, especially the public sector banks.
Taparia also suggested three specific companies whose stocks people could consider buying: Tata Consumer Products, Prestige Estate Projects, and MCX.
For each of these, he gave a price to aim for if the stock goes up (target price) and a price to sell at if it goes down to limit losses (stop loss).
This is because these stocks are showing signs of doing well based on how their prices have moved recently.
Indian stock market indices Sensex and Nifty 50 opened with modest gains on November 4, 2025, following mixed global cues.
Chandan Taparia forecasts a trading range for Nifty 50 between 25,600 and 26,000, with a broader range of 25,400 to 26,100.
The Bank Nifty showed outperformance, with potential to reach 58,350 and 58,577 if it holds above 58,000.
Taparia recommends buying Tata Consumer Products with a target of ₹1,280 and stop loss at ₹1,155.
Prestige Estate Projects and MCX are also recommended for purchase with targets of ₹1,940 and ₹10,000 respectively, and stop losses at ₹1,700 and ₹9,200.
- Who
- Chandan Taparia (Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd), Indian stock market participants, investors.
- What
- Indian stock market indices (Sensex, Nifty 50, Bank Nifty) saw modest gains. Analyst Chandan Taparia provided stock recommendations for buying Tata Consumer Products, Prestige Estate Projects, and MCX, along with target prices and stop-loss levels.
- When
- November 4, 2025, and the previous trading session.
- Where
- Indian stock market (Dalal Street).
- Why
- The market opened tepidly due to mixed global cues and cautious sentiment. The Nifty 50 showed buying at support levels, and the Bank Nifty outperformed due to interest in PSU banks. Stock recommendations were based on technical patterns and indicators suggesting uptrend potential.
Market Outlook & Trading Range
Specific Stock Recommendations
Nifty 50 Performance and Levels
Market Outlook & Trading Range
Chandan Taparia notes the Nifty 50 formed a bullish candle with a longer lower shadow, indicating buying at support. He suggests the index needs to hold above 25,800 for momentum towards 25,950 and 26,100, with support at 25,650 and 25,500. Option data indicates a trading range between 25,400 and 26,100, with immediate levels between 25,600 and 26,000.
Specific Stock Recommendations
Taparia recommends buying Tata Consumer Products (Target: ₹1,280, Stop Loss: ₹1,155), Prestige Estate Projects (Target: ₹1,940, Stop Loss: ₹1,700), and MCX (Target: ₹10,000, Stop Loss: ₹9,200), citing specific technical patterns and indicators for each.
Bank Nifty Performance
Market Outlook & Trading Range
The Bank Nifty ended higher, showing outperformance driven by PSU banks. It needs to hold above 58,000 for a move towards 58,350 and 58,577, with support at 58,000 and 57,750.
Specific Stock Recommendations
Specific stock recommendations are provided for individual stock plays, implying a focus on specific company performance rather than broad index movements.
- Sensex Close (Nov 4, 2025)
- 83,978.49
- Nifty 50 Close (Nov 4, 2025)
- 25,763.35
- Bank Nifty Close (Nov 4, 2025)
- 58,101.45
- Nifty 50 Immediate Trading Range
- 25,600 to 26,000
- Nifty 50 Broader Trading Range
- 25,400 to 26,100
- Recommended Stock Purchases
- Tata Consumer Products, Prestige Estate Projects, MCX
Sources
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