7 hrs ago
Taparia Recommends Three Stocks as Indian Markets Rebound
Indian stock markets started higher after falling for four sessions.
Investors felt better because expectations of a US interest-rate hike became weaker.
The Nifty 50 and Sensex both gained early in the session.
Analyst Chandan Taparia said the Nifty may move sideways unless it breaks important levels.
He expects weakness if the Nifty stays below 24,000.
He recommended IDFC First Bank, RBL Bank and Oberoi Realty.
Each recommendation includes a price target and a level where investors may consider limiting losses.
The article gives 4 September 2026 as the market date but refers to the stock recommendations as being for 7 August 2026.
Indian benchmark indices opened higher on 4 September, ending a four-session losing streak.
The Nifty 50 rose 0.23% to 23,927.1, while the Sensex gained 0.66% to 76,652.19 at 9:17 IST.
Chandan Taparia said the Nifty could trade between 23,600 and 24,100 in the immediate term.
Taparia recommended buying IDFC First Bank, RBL Bank and Oberoi Realty shares.
The article lists targets and stop-loss levels of ₹92.75/₹84 for IDFC First Bank, ₹430/₹395 for RBL Bank and ₹2,000/₹1,850 for Oberoi Realty.
- Who
- Indian equity investors, Federal Reserve Governor Christopher Waller and Motilal Oswal analyst Chandan Taparia are central to the report.
- What
- Indian benchmark indices opened higher, while Taparia recommended three stocks and provided technical market levels.
- Where
- The developments concern Indian stock markets, with global sentiment influenced by expectations around the US Federal Reserve.
- When
- The market update is dated Friday, 4 September 2026; the stock-recommendation section refers to 7 August 2026, creating a date discrepancy.
- Why
- Markets improved after expectations of a US rate hike later in September eased, while Taparia cited technical patterns and momentum for his stock recommendations.
Bullish Case
Cautious Case
Indian market direction
Bullish Case
The indices opened higher after a four-session decline, supported by improved global sentiment and lower expectations of a US Federal Reserve rate hike.
Cautious Case
Taparia said the Nifty formed a bearish daily candle and could weaken toward 23,700 and 23,600 if it remains below 24,000.
Nifty 50 outlook
Bullish Case
A move above 24,100 and 24,200 could signal stronger upward momentum.
Cautious Case
Failure to hold above 24,000 may keep the index in a sideways-to-negative trend.
Bank Nifty outlook
Bullish Case
Holding above 57,500 could support a move toward 57,750 and 58,000.
Cautious Case
A failure to hold 57,500 could lead to weakness toward 57,000 and 56,750.
Key facts
- Nifty 50 at 9:17 IST
- 23,927.1, up 0.23%
- Sensex at 9:17 IST
- 76,652.19, up 0.66%
- Nifty immediate range
- 23,600 to 24,100
- Nifty broader range
- 23,400 to 24,300
- IDFC First Bank
- Buy; target ₹92.75; stop loss ₹84
- RBL Bank
- Buy; target ₹430; stop loss ₹395
- Oberoi Realty
- Buy; target ₹2,000; stop loss ₹1,850
- Date discrepancy
- The report is dated 4 September 2026, but the recommendations are described as being for 7 August 2026.
Quotes
Chandan Taparia
Head of Derivatives & Technicals, Wealth Management, at Motilal Oswal Financial Services Ltd
“Call writing is seen at 24,000 then 23,950 strike while Put writing is seen at 24,000 then 23,900 strike. Option data suggests a broader trading range in between 23,400 to 24,300 zones while an immediate range between 23,600 to 24,100 levels”
livemint.com
“Now it has to cross and hold above 57,500 zones for a bounce towards 57,750 then 58,000 levels while a hold below the same could see weakness towards 57,000 then 56,750 levels”
livemint.com
Sources
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