1 day ago
Motilal Oswal Analyst Recommends Three Stocks Amid Cautious Market
The Indian stock market was expected to begin cautiously because markets around the world were weak.
The Sensex and Nifty 50 had both fallen in the previous session.
An analyst named Chandan Taparia studied the charts and suggested three shares for investors to consider.
They were Sona BLW Precision Forgings, Aurobindo Pharma and Grasim Industries.
He gave a price target and a stop-loss level for each share.
A target is the price an investor hopes the share may reach.
A stop-loss is a level that can help limit losses if the price falls.
Taparia also said the Nifty 50 and Bank Nifty could recover if they stay above important support levels.
Indian benchmark indices were expected to open flat to negative on 1 September 2026 amid weak global cues.
The Sensex fell 307.24 points to 76,957.27, while the Nifty 50 declined 95.25 points to 24,080.40 in the previous session.
Chandan Taparia identified 24,100 as an important Nifty 50 level, with support at 23,950 and 23,850.
Taparia recommended buying Sona BLW Precision Forgings, Aurobindo Pharma and Grasim Industries.
The targets and stop-loss levels were ₹860/₹790, ₹1,820/₹1,665 and ₹3,570/₹3,270, respectively.
- Who
- Chandan Taparia, Head of Derivatives & Technicals, Wealth Management, at Motilal Oswal Financial Services, recommended the stocks.
- What
- He recommended buying shares of Sona BLW Precision Forgings, Aurobindo Pharma and Grasim Industries, while providing market levels for the Nifty 50 and Bank Nifty.
- Where
- The recommendations concern the Indian stock market, including the Sensex, Nifty 50 and Bank Nifty.
- When
- The recommendations were for 1 September 2026; the previous trading session ended lower.
- Why
- Taparia cited technical signals, support-based buying, upward trends and breakouts in the three recommended stocks.
Key facts
- Market expectation
- Sensex and Nifty 50 were expected to open flat to negative on 1 September 2026.
- Previous Nifty close
- The Nifty 50 closed at 24,080.40, down 95.25 points, or 0.39%.
- Previous Sensex close
- The Sensex closed at 76,957.27, down 307.24 points, or 0.40%.
- Nifty trading levels
- Resistance was cited at 24,100, 24,250 and 24,350; support was cited at 23,950 and 23,850.
- Sona BLW recommendation
- Buy; target ₹860; stop-loss ₹790.
- Aurobindo Pharma recommendation
- Buy; target ₹1,820; stop-loss ₹1,665.
- Grasim Industries recommendation
- Buy; target ₹3,570; stop-loss ₹3,270.
Quotes
Chandan Taparia
Head of Derivatives and Technicals, Wealth Management, at Motilal Oswal Financial Services
“Call writing is seen at 24200 then 24200 strike while Put writing is seen at 24000 then 24050 strike. Option data suggests a broader trading range in between 23600 to 24500 zones while an immediate range between 23800 to 24300 levels.”
livemint.com
“Now if it crosses and holds above 24,100 zones, then upside could be seen towards 24,250, then 24,350 zones, while support can be seen at 23,950, then 23850 zones.”
livemint.com
Sources
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