Archive · 5 Oct 2026
Taparia Recommends Nykaa Buy, LIC Futures Sell for Tomorrow
Indian stocks went up on Monday after falling for eight weeks in a row.
Lower oil prices and less worry about US interest rates helped investors feel more hopeful.
Market analyst Chandan Taparia suggested buying Nykaa shares, with a target price of ₹360 and a stop-loss of ₹328.
A stop-loss is a price level used to limit a possible loss.
He suggested selling LIC October 27 futures, with a target of ₹366 and a stop-loss of ₹400.
Taparia said Nykaa showed signs of renewed buying, while LIC looked weak on price charts.
He also described key levels that could guide movements in the Nifty 50 and Bank Nifty.
These are market opinions, and prices can move differently than expected.
Indian markets rebounded on Monday, October 5, with the Nifty 50 up 0.60% and the Sensex up 0.66%.
Chandan Taparia recommended buying Nykaa with a target of ₹360 and a stop-loss of ₹328.
Taparia recommended selling LIC October 27 futures, with a target of ₹366 and a stop-loss of ₹400.
For the Nifty 50, Taparia identified 22,650 as a key level, with potential resistance near 22,750 and 22,850.
For Bank Nifty, he said a sustained move above 54,750 could point toward 55,000 and 55,250.
- Who
- Market analyst Chandan Taparia recommended trades in Nykaa and LIC October 27 futures.
- What
- He recommended buying Nykaa and selling LIC futures, and gave target and stop-loss levels.
- When
- The recommendations were for the next trading day after Monday, October 5; the year is not stated.
- Where
- The Indian stock market.
- Why
- Taparia cited technical signals: renewed buying interest and a bullish RSI crossover for Nykaa, and a weak price structure and selling pressure for LIC.
- Nifty 50 close
- 22,555.75, up 0.60% on Monday, October 5
- Sensex close
- 72,382.47, up 0.66%
- Nykaa recommendation
- Buy; target ₹360; stop-loss ₹328
- LIC recommendation
- Sell October 27 futures; target ₹366; stop-loss ₹400
- Nifty 50 key level
- A move above 22,650 could point toward 22,750 and 22,850; below it, Taparia cited 22,400 and 22,300
- Bank Nifty key level
- A move above 54,750 could point toward 55,000 and 55,250; below it, Taparia cited 54,500 and 54,250
- Nifty options range
- Taparia cited a broader range of 22,100–22,900 and an immediate range of 22,300–22,800