Chandan Taparia of Motilal Oswal Recommends Three Stocks for Purchase
Shares to buy or sell: Chandan Taparia of Motilal Oswal recommends three stocks to buy on Monday
Mint
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Chandan Taparia, Head of Derivatives & Technicals at Motilal Oswal Financial Services, recommends buying shares of Reliance Industries, RBL Bank, and BSE on Monday, May 4, 2026. This comes amid a downturn in the Indian stock market driven by geopolitical tensions and economic pressures.
- 01The Indian stock market declined sharply due to geopolitical tensions and economic factors.
- 02Chandan Taparia recommends buying Reliance Industries, RBL Bank, and BSE shares.
- 03Target prices are set at ₹1,515 for Reliance, ₹355 for RBL Bank, and ₹3,850 for BSE.
- 04Stop loss levels are advised at ₹1,387 for Reliance, ₹325 for RBL Bank, and ₹3,530 for BSE.
- 05Market outlook suggests potential weakness in Nifty 50 and Bank Nifty indices.
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The Indian stock market faced significant selling pressure, with the Sensex dropping 582.86 points (0.75%) to close at 76,913.50 and the Nifty 50 down 180.10 points (0.74%) at 23,997.55 on April 30. Factors such as the escalating US-Iran conflict, rising crude oil prices, and a hawkish US Federal Reserve contributed to this downturn. Chandan Taparia of Motilal Oswal Financial Services provided insights into market movements and recommended three stocks for purchase on May 4, 2026. He suggests buying Reliance Industries with a target price of ₹1,515 and a stop loss at ₹1,387, citing a breakout from a consolidation zone. For RBL Bank, he recommends a target of ₹355 with a stop loss at ₹325, noting a range breakout at its 52-week high. Lastly, for BSE, he sets a target price of ₹3,850 and a stop loss of ₹3,530, indicating a bullish trend following a breakout from a
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Investors considering these stocks may find opportunities for gains as the market adjusts to current economic conditions. Successful trades could lead to increased portfolio value.
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