1 week ago
Chandan Taparia Recommends Three Stocks To Buy Today
Indian stocks were expected to start the day slightly lower.
This followed declines in the Sensex and Nifty 50 during the previous trading session.
Chandan Taparia from Motilal Oswal studied price charts and market data.
He said the Nifty 50 could move between nearby support and resistance levels.
He also said Bank Nifty might weaken if it stays below 57,600.
Taparia recommended Siemens shares with a target of ₹4,350 and a stop loss of ₹3,980.
He recommended Multi Commodity Exchange of India shares with a target of ₹3,450 and a stop loss of ₹3,170.
He recommended Cochin Shipyard shares with a target of ₹1,600 and a stop loss of ₹1,470.
These are analyst opinions, not guarantees that the shares will rise.
Indian markets were expected to open lower on 25 August 2026, with Gift Nifty indicating a muted start.
The Sensex fell 171.72 points to 77,369.11, while the Nifty 50 declined 32.95 points to 24,219.05 in the previous session.
Chandan Taparia said the Nifty 50 could trade between 24,000 and 24,500 in the immediate term, with support at 24,100 and 24,000.
Taparia said Bank Nifty could remain weak below 57,600, with downside levels at 57,000 and 56,750.
Taparia recommended buying Siemens, Multi Commodity Exchange of India, and Cochin Shipyard shares with specified targets and stop-loss levels.
- Who
- Chandan Taparia, Head of Derivatives and Technicals at Motilal Oswal Financial Services, made the recommendations.
- What
- He recommended buying Siemens, Multi Commodity Exchange of India, and Cochin Shipyard shares and provided technical views on the Nifty 50 and Bank Nifty.
- Where
- The recommendations concern Indian equity markets.
- When
- The recommendations were for 25 August 2026, following the previous trading session.
- Why
- Taparia cited chart patterns, breakouts, trading volumes, momentum indicators, and support and resistance levels.
Key facts
- Nifty 50 previous close
- 24,219.05, down 32.95 points or 0.14%
- Sensex previous close
- 77,369.11, down 171.72 points or 0.22%
- Expected market opening
- Lower or muted, based on global cues and Gift Nifty
- Siemens recommendation
- Buy; target ₹4,350; stop loss ₹3,980
- Multi Commodity Exchange of India recommendation
- Buy; target ₹3,450; stop loss ₹3,170
- Cochin Shipyard recommendation
- Buy; target ₹1,600; stop loss ₹1,470
- Nifty 50 immediate range
- 24,000 to 24,500, according to Taparia
Quotes
Chandan Taparia
Head of Derivatives & Technicals, Wealth Management, at Motilal Oswal Financial Services
“Call writing is seen at 24,300 then 24200 strike while Put writing is seen at 24,150 then 24,100 strike. Option data suggests a broader trading range in between 23800 to 24800 zones while an immediate range between 24,000 to 24,500 levels.”
livemint.com
“Now till it holds below 57,600 zones some weakness could be seen towards 57,000 then 56,750 levels, while on the upside hurdle is seen at 57,750 then 58,000 zones.”
livemint.com
Sources
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