3 hrs ago
Taparia names Divis Lab and MCX buys, Maruti sell
Indian stock markets had a very weak trading day.
The Nifty 50 and Sensex both fell by more than 1.6%.
Higher crude oil prices made investors worry that inflation could rise.
Financial stocks also declined because of concerns about possible limits on insurance commissions.
Chandan Taparia said the Nifty could fall further if it stays below 23,100.
He recommended buying Divi's Laboratories and MCX because their charts showed strength.
He recommended selling Maruti Suzuki India because its chart showed weakness.
These are market opinions with specific target prices and stop-loss levels, not guaranteed outcomes.
The Nifty 50 fell 1.64% to 23,063.10, while the Sensex declined 1.67% to 73,580.54.
Higher crude oil prices raised inflation concerns and weakened investor sentiment, while financial stocks faced pressure over proposed insurance commission limits.
Chandan Taparia expects the Nifty to remain weak below 23,100, with support at 22,900 and 22,800.
Taparia recommended buying Divi's Laboratories with a ₹10,000 target and ₹9,400 stop-loss, and MCX with a ₹3,650 target and ₹3,350 stop-loss.
He recommended selling Maruti Suzuki India October futures, targeting ₹11,500 with a ₹12,350 stop-loss.
- Who
- Chandan Taparia, Head of Derivatives and Technicals at Motilal Oswal Financial Services Limited, gave the recommendations.
- What
- He recommended buying Divi's Laboratories and Multi Commodity Exchange of India Limited, while recommending a sell on Maruti Suzuki India October futures.
- Where
- The recommendations concern India's stock market, including the Nifty 50, BSE Sensex and Bank Nifty.
- When
- The recommendations were for 25 September 2026, described in the article as the following day.
- Why
- Taparia cited technical strength in Divi's Laboratories and MCX, while citing a downtrend and fresh breakdown in Maruti Suzuki India.
Bullish and buying view
Bearish and selling view
Overall market direction
Bullish and buying view
The article identifies technical strength in selected stocks, especially Divi's Laboratories and MCX, and notes that MCX had a breakout supported by higher volumes.
Bearish and selling view
Taparia described the broader market as weak, with the Nifty and Bank Nifty forming bearish candles and remaining under selling pressure.
Stock recommendations
Bullish and buying view
Taparia recommended buying Divi's Laboratories and MCX because of an uptrend, breakouts, rising momentum or support from moving averages.
Bearish and selling view
Taparia recommended selling Maruti Suzuki India October futures because of a downtrend, a fresh breakdown, lower highs and strong selling pressure.
Key facts
- Nifty 50 close
- 23,063.10, down 1.64%
- BSE Sensex close
- 73,580.54, down 1.67%
- Nifty immediate range
- 22,800 to 23,300
- Nifty broader range
- 22,600 to 23,500
- Divi's Laboratories call
- Buy; target ₹10,000; stop-loss ₹9,400
- MCX call
- Buy; target ₹3,650; stop-loss ₹3,350
- Maruti Suzuki India call
- Sell October futures; target ₹11,500; stop-loss ₹12,350
Quotes
Chandan Taparia
Head of Derivatives and Technicals, Wealth Management, at Motilal Oswal Financial Services
“Call writing is seen at 23,200, then 23,250 strike, while Put writing is seen at 23,100, then 23,050 strike. Option data suggests a broader trading range between 22,600 and 23,500 zones, with an immediate range between 22,800 and 23,300 levels.”
livemint.com
“Now till it holds below 23,100 zones, weakness could extend towards 22,900 then 22,800 levels, while on the upside, hurdles have shifted lower to 23,200 then 23,300 zones.”
livemint.com
Sources
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