5 days ago
Motilal Oswal Analyst Recommends Three Stocks Amid Muted Market
The Indian stock market had a weak trading day before 28 August 2026.
The Sensex and Nifty 50 both fell.
Chandan Taparia of Motilal Oswal expects the market to open quietly because global signals are weak.
He believes the Nifty 50 could fall further if it stays below 24,100.
He also expects some weakness in the Bank Nifty below 57,750.
However, Taparia identified three individual stocks that he believes may rise.
These are Sona BLW Precision Forgings, Laurus Labs, and Bharat Heavy Electricals.
He gave a target price and a stop-loss level for each stock.
A stop-loss is a price level investors may use to limit potential losses.
Indian benchmarks ended lower, with the Sensex down 539.35 points and the Nifty 50 down 116.90 points.
Chandan Taparia expects weakness in the Nifty 50 below 24,100, with support near 24,000 and 23,900.
Taparia sees Bank Nifty weakness below 57,750, with potential declines toward 57,000 and 56,750.
He recommended buying Sona BLW Precision Forgings, Laurus Labs, and Bharat Heavy Electricals shares on 28 August 2026.
The recommendations include targets of ₹870, ₹2,050, and ₹455, with stop-loss levels of ₹794, ₹1,870, and ₹420, respectively.
- Who
- Chandan Taparia, Head of Derivatives & Technicals, Wealth Management, at Motilal Oswal Financial Services Ltd.
- What
- He recommended buying Sona BLW Precision Forgings, Laurus Labs, and Bharat Heavy Electricals shares, while giving technical outlooks for the Nifty 50 and Bank Nifty.
- Where
- The recommendations concern Indian equity markets and Indian-listed companies.
- When
- The recommendations were for 28 August 2026; the market data cited covers the previous trading session.
- Why
- Taparia cited technical signals including uptrends, chart breakouts, support levels, bullish candles, and positive momentum indicators.
Cautious Market Outlook
Bullish Individual-Stock View
Broad-market direction
Cautious Market Outlook
Taparia said the Nifty 50 could remain weak below 24,100, while Bank Nifty weakness could continue below 57,750.
Bullish Individual-Stock View
Despite broader-market weakness, Taparia identified three stocks with bullish technical setups and recommended buying them.
Expected trading range
Cautious Market Outlook
Options data indicated an immediate Nifty 50 range of 23,800 to 24,300 and a broader range of 23,600 to 24,500.
Bullish Individual-Stock View
Sona BLW Precision Forgings was holding its uptrend, Laurus Labs had broken out of a range, and Bharat Heavy Electricals was near its all-time-high zone.
Key facts
- Nifty 50 previous close
- 24,090.85, down 116.90 points or 0.48%
- Sensex previous close
- 76,933.59, down 539.35 points or 0.70%
- Gift Nifty
- Trading around 24,260.5, about 21.4 points below the previous Nifty futures close
- Nifty 50 outlook
- Below 24,100, weakness may extend toward 24,000 and 23,900; resistance is seen at 24,200 and 24,300
- Bank Nifty outlook
- Below 57,750, weakness may extend toward 57,000 and 56,750; resistance is seen at 57,750 and 58,000
- Sona BLW Precision Forgings
- Buy; target ₹870; stop-loss ₹794
- Laurus Labs
- Buy; target ₹2,050; stop-loss ₹1,870
- Bharat Heavy Electricals
- Buy; target ₹455; stop-loss ₹420
Quotes
Chandan Taparia
Head of Derivatives and Technicals, Wealth Management, at Motilal Oswal Financial Services
“Call writing is seen at 24,200 then 24,300 strike while Put writing is seen at 24,150 then 24,200 strike. Option data suggests a broader trading range in between 23,600 to 24500 zones while an immediate range between 23,800 to 24,300 levels,”
livemint.com
“Now till it holds below 57,750 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
Related news
Motilal Oswal Analyst Recommends Three Stocks Amid Cautious Market
Motilal Oswal's Chandan Taparia recommends three stocks to buy
Motilal Oswal's Chandan Taparia recommends three stocks to buy today
Chandan Taparia Recommends Three Stocks To Buy Today
Motilal Oswal Analyst Recommends Three Stocks Amid Flat Market Outlook
Motilal Oswal analyst Taparia recommends three stocks to buy
Jefferies Sets Target Prices for Indian Industrial Stocks
Indian Rs 1 Trillion Market Cap Club Expands
Edelweiss Large & Mid Cap Fund Bets on Next Cycle
Adani Power Nears Record High on Raipur Expansion Progress
JM Financial Sees 30% Upside in Adani Power Shares
