Shares to buy or sell: Chandan Taparia recommends three stocks to buy and sell today

By Admin

31 Oct, 2025

The Indian stock market is expected to witness volatility on Friday, reflecting cautious investor sentiment amid mixed global cues. The trends on Gift Nifty indicate a mildly positive opening for benchmark indices   Nifty 50 and Sensex   after sharp losses in the previous session.

On Thursday, the Sensex plunged 592.67 points (0.70%) to close at 84,404.46, while the Nifty 50 slipped 176.05 points (0.68%) to settle at 25,877.85. The downturn broke the market’s short-term upward momentum, and experts suggest that traders remain alert to the next support and resistance levels.

Market Overview

According to Chandan Taparia, Head of Derivatives & Technicals at Motilal Oswal Financial Services, the Nifty options data suggests a broader trading range between 25,400 and 26,300 zones, with an immediate range of 25,600 to 26,100 levels.

“Call writing is seen at 26,000 and 25,900 strikes, while Put writing is visible at 25,900 and 25,950 strikes,” Taparia said. This data highlights that Nifty needs to cross and sustain above 25,900 zones to regain strength towards 26,100 and 26,277 levels, while support remains around 25,700 and 25,600 zones.

Bank Nifty Outlook

The Bank Nifty index closed 354.15 points (0.61%) lower at 58,031.10, forming a small-bodied candle on the daily chart, indicating limited momentum. “The index is consolidating within a 700-point range as buying and selling forces remain evenly matched. It needs to hold above 58,000 zones for an up-move towards 58,350 and 58,577 levels, while support lies near 57,750 and 57,500 zones,” Taparia noted.

Stocks to Buy Today – 31 October 2025

Chandan Taparia has recommended three stocks to buy for today’s trading session   BPCL, HUDCO, and NBCC (India)   citing positive technical indicators and strong breakout patterns.

1. Bharat Petroleum Corporation Ltd (BPCL)

• Recommendation: Buy
  
  

• Target Price: ₹385
  
  

• Stop Loss: ₹345
  BPCL shares have broken out of a consolidation zone on the daily chart with above-average volumes. The MACD indicator has given a bullish crossover, confirming a potential upward momentum. Taparia expects the stock to move towards ₹385 in the short term.
  
  

2. Housing & Urban Development Corporation Ltd (HUDCO)

• Recommendation: Buy
  
  

• Target Price: ₹255
  
  

• Stop Loss: ₹230
  HUDCO shares have given a breakout from a falling supply trendline, forming a large bullish candle on the daily chart. The RSI indicator supports upward momentum, suggesting further gains. Taparia recommends buying with a target of ₹255.
  
  

3. NBCC (India) Ltd

• Recommendation: Buy
  
  

• Target Price: ₹125
  
  

• Stop Loss: ₹114
  NBCC has breached resistance zones and bounced from its 50 DEMA (Daily Exponential Moving Average), signaling renewed strength. The RSI indicator confirms the bullish trend, making it a potential short-term gainer with a target of ₹125.
  
  

Conclusion

Overall, the market sentiment remains cautious, but selective buying opportunities exist in fundamentally and technically strong counters like BPCL, HUDCO, and NBCC. Investors are advised to monitor key levels closely and maintain strict stop losses to manage risk amid volatility.

Disclaimer: The views and recommendations expressed are those of individual analysts or broking companies and not of Mint. Investors are advised to consult certified financial experts before making any investment decisions.