Stock Market Today: Chandan Taparia Recommends Three Buy and Sell Calls for November 4, 2025

India, Nov 4 : The Indian stock market is likely to open on a muted note on Tuesday, tracking mixed global cues and cautious investor sentiment. Gift Nifty trends indicate a subdued start for benchmark indices — Nifty 50 and Sensex.
In the previous trading session, domestic markets closed slightly higher amid low volatility. The Sensex gained 39.78 points (0.05%) to close at 83,978.49, while the Nifty 50 added 41.25 points (0.16%) to end at 25,763.35.
Market Overview
According to Chandan Taparia, Head of Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd, the Nifty options data shows maximum Call Open Interest (OI) at the 26,000 and 25,800 strike levels, while the maximum Put OI is seen at 25,700 and 25,750.
“Call writing is visible at 25,800 and 25,750, while Put writing is concentrated at 25,700 and 25,650 strikes. Option data indicates a broader trading range between 25,400 and 26,100 zones, with an immediate range of 25,600–26,000 levels,” Taparia said.
Nifty 50 Outlook
The Nifty 50 formed a bullish candle with a long lower shadow on the daily chart, suggesting strong buying from lower levels.
“Nifty must sustain above 25,800 for momentum to build toward 25,950 and 26,100 levels, with support placed at 25,650 and 25,500 zones,” Taparia noted.
Bank Nifty Outlook
The Bank Nifty gained 325.10 points (0.56%) to close at 58,101.45, forming a bullish candle and showing support near its 10-day exponential moving average (DEMA).
“The outperformance of PSU banks continues. The index needs to hold above 58,000 to move toward 58,350 and 58,577 levels, with support at 58,000 and 57,750,” he added.

Top Stock Recommendations by Chandan Taparia
1. Tata Consumer Products – Buy

Target Price: ₹1,280

Stop Loss: ₹1,155
Tata Consumer shares have given a strong breakout on the daily chart with a bullish candle, supported by a rising ADX line confirming trend strength.

2. Prestige Estates Projects – Buy

Target Price: ₹1,940

Stop Loss: ₹1,700
The stock has formed a “Pole and Flag” pattern, indicating a continuation of the uptrend. RSI is also trending higher, confirming positive momentum.

3. Multi Commodity Exchange (MCX) – Buy

Target Price: ₹10,000

Stop Loss: ₹9,200
MCX shares have broken out of a weekly inside bar pattern. The MACD crossover supports the bullish view, hinting at further upside potential.

Disclaimer:
The views and recommendations above are those of individual analysts or broking firms. Investors are advised to consult certified financial experts before making any investment decisions.