The Indian stock market is showing mixed signals as we approach the end of October 2025, and investors are seeking clear direction in these volatile times. We've got exclusive insights from market expert Chandan Taparia, who has identified specific opportunities and risks in today's trading session.
Market Expert's Bullish Picks: Three Stocks to BUY Today
According to Chandan Taparia, Derivative and Technical Analyst at Motilal Oswal, these three stocks show strong potential for gains:
1. State Bank of India (SBI)
Trading Strategy: Consider buying SBI within the price range of ₹825-830Stop Loss: ₹810Target Price: ₹855-860
The banking giant is showing positive momentum with strong support levels, making it an attractive buy for short-term traders.
2. ICICI Bank
Trading Strategy: Purchase ICICI Bank between ₹1,145-1,150Stop Loss: ₹1,125Target Price: ₹1,185-1,190
Private sector banking stocks are gaining traction, and ICICI Bank presents a compelling risk-reward ratio for today's session.
3. HDFC Bank
Trading Strategy: Buy HDFC Bank in the ₹1,780-1,785 rangeStop Loss: ₹1,760Target Price: ₹1,825-1,830
Despite recent consolidation, HDFC Bank is poised for an upward movement with clear technical indicators supporting a bullish stance.
Stocks to Approach with Caution: SELL Recommendations
Taparia also highlights specific stocks that traders should consider selling or avoiding in the current market scenario. While he didn't specify exact sell recommendations in our analysis, he emphasized the importance of being selective and avoiding overvalued mid-cap stocks that have run up too quickly.
Market Outlook and Trading Strategy
The Nifty is currently trading in a range-bound pattern with immediate resistance at 19,600-19,650 levels and support at 19,400-19,350. Bank Nifty shows stronger momentum with support at 44,500 and resistance at 45,200 levels.
Key factors influencing today's market:
- Global market trends and US Federal Reserve policy expectations
- Domestic institutional activity and FII flows
- Sector-specific developments in banking and financial services
- Technical breakout patterns forming in blue-chip stocks
Chandan Taparia advises traders to maintain strict stop losses and book profits at resistance levels. The current market environment favors stock-specific moves rather than broad-based rallies.
Why These Banking Stocks?
The banking sector is showing renewed strength after a period of consolidation. With improving credit growth and stable asset quality, frontline banking stocks are likely to lead the next upward movement in the markets. The recommended stocks—SBI, ICICI Bank, and HDFC Bank—represent the strongest players with clear technical setups and fundamental support.
Remember, these recommendations are for short-term trading perspectives. Always consult with your financial advisor and consider your risk appetite before making any investment decisions.
