2 weeks ago
Motilal Oswal's Chandan Taparia recommends three stocks to buy
A stock market expert named Chandan Taparia told people which shares they could buy today.
He works at a big money company called Motilal Oswal.
He looks at charts and numbers to guess where prices might go.
He thinks the Indian stock market will start the day a little lower.
Yesterday, the main market indexes, Sensex and Nifty, went down a bit.
He says Nifty might move between 24,000 and 24,500 points today.
He picked three companies for people to buy: BHEL, KEI Industries, and Oberoi Realty.
For each stock, he gave a target price and a stop loss, which is a safety level.
If a stock falls to the stop loss, people usually sell it to avoid losing more money.
His advice is based on technical analysis of charts and market data.
Indian stock markets are expected to open lower on Tuesday, 18 August, tracking mixed global cues, with Gift Nifty trading at a discount of 92.2 points.
In the previous session, the Sensex fell 281.09 points (0.36%) to close at 77,728.16, while the Nifty 50 settled 78.35 points (0.32%) lower at 24,287.65.
Chandan Taparia of Motilal Oswal sees an immediate trading range of 24,000 to 24,500 for Nifty, with a broader range of 23,800 to 24,800 based on options data.
Taparia recommends buying BHEL with a target price of ₹460 and a stop loss of ₹420, citing a box breakout supported by volumes.
The other two buy recommendations are KEI Industries (target ₹6,200, stop loss ₹5,700) and Oberoi Realty (target ₹2,050, stop loss ₹1,875).
- Who
- Chandan Taparia, Head of Derivatives & Technicals, Wealth Management at Motilal Oswal Financial Services Ltd.
- What
- Recommended three stocks to buy (BHEL, KEI Industries, Oberoi Realty) and provided Nifty 50 and Bank Nifty outlooks.
- Where
- Indian stock market, covering Nifty 50, Sensex, Bank Nifty, and Gift Nifty.
- When
- 18 August 2026, for the trading session that day.
- Why
- Based on technical analysis of charts, moving averages, momentum indicators, and options data.
Key facts
- Analyst
- Chandan Taparia, Motilal Oswal Financial Services Ltd
- Sensex previous close
- 77,728.16 (down 281.09 points / 0.36%)
- Nifty 50 previous close
- 24,287.65 (down 78.35 points / 0.32%)
- Gift Nifty level
- Around 24,300.5, a discount of 92.2 points
- Nifty immediate range
- 24,000 to 24,500
- BHEL
- Buy, target ₹460, stop loss ₹420
- KEI Industries
- Buy, target ₹6,200, stop loss ₹5,700
- Oberoi Realty
- Buy, target ₹2,050, stop loss ₹1,875
Quotes
Chandan Taparia
Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd
“Call writing is seen at 24,400 then 24,350 strike while Put writing is seen at 24,300 then 24,250 strike. Option data suggests a broader trading range in between 23,800 to 24,800 zones while an immediate range between 24,000 to 24,500 levels.”
livemint.com
“Now if it crosses and holds above 24,350 zones then upside could be seen towards 24,450 then 24550 zones while support can be seen at 24,150 then 24050 zones.”
livemint.com
Sources
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