Shares to buy or sell: Chandan Taparia recommends three stocks to buy and sell today - 16 December 2025

By Admin

16 Dec, 2025

Market participants are expected to witness a cautious start to Tuesday’s session as domestic equity indices continue to consolidate near record highs. Ongoing foreign fund outflows, a weakening rupee, and uncertainty around a potential India–U.S. trade agreement are keeping investors on the sidelines.

According to market data, Gift Nifty futures were trading at 26,035, indicating that the Nifty 50 is likely to open close to Monday’s closing level of 26,027.3. Over the past fortnight, both the Nifty 50 and Sensex have remained range-bound after scaling fresh highs on December 1, as markets await fresh triggers.

Market overview and derivatives data
On the derivatives front, Chandan Taparia, Head – Derivatives & Technicals, Wealth Management at Motilal Oswal Financial Services Ltd, highlighted that maximum Call open interest is seen at the 26,100 strike, followed by 26,000. On the Put side, maximum open interest is placed at 26,000, followed by 25,900.

He noted that call writing is visible at the 26,100 and 26,000 strikes, while put writing is seen at 26,000 and 25,950. Based on option data, the broader trading range for the Nifty appears to be between 25,700 and 26,300, with an immediate range of 25,800 to 26,200.

Nifty 50 outlook
According to Taparia, the Nifty has formed a bullish candle on the daily chart for the third consecutive session, indicating that buying interest remains strong at lower support levels. He added that a decisive follow-up buying above the 26,050 mark could trigger the next leg of the rally.

He further stated that the index must continue to hold above the 26,000 zone to move towards 26,150 and then 26,250. On the downside, immediate support levels are seen at 25,900 and 25,800.

Bank Nifty outlook
The Bank Nifty index opened on a weak note near the 59,050 level but gradually recovered towards 59,500 during the first half of the session. Thereafter, it traded in a narrow consolidation range of around 150 points between 59,400 and 59,550, while maintaining a positive bias.

Taparia observed that Bank Nifty has formed a bullish candle on the daily scale, reflecting buying interest at lower levels. The index is also holding comfortably above its 20-day exponential moving average (DEMA). He added that holding above the 59,250 zone could push the index higher towards 59,750 and then the psychological 60,000 mark. On the downside, support is placed at 59,250 and 59,000.

Stocks to buy today – 16 December 2025
Chandan Taparia has recommended three stocks to buy for today based on technical indicators and price action.

Indian Oil Corporation – Buy
Target Price: ₹175.50
Stop Loss: ₹175.50

Indian Oil Corporation has formed a strong base around its 50 DEMA support zone and has bounced back with healthy volumes, supporting the upward move. The RSI indicator is positively placed, which carries bullish implications for the stock in the near term.

IDFC First Bank – Buy
Target Price: ₹175
Stop Loss: ₹80.60

IDFC First Bank has witnessed a range breakout on the daily chart, marked by a strong-bodied bullish candle. The stock is respecting its 20 DEMA, with minor dips being bought into. Additionally, the MACD indicator is trending higher, confirming positive momentum.

Ashok Leyland – Buy
Target Price: ₹175
Stop Loss: ₹161

Ashok Leyland remains in a broader uptrend and continues to respect its 20 DEMA, with buying interest visible on small corrections. The rising ADX line indicates strengthening trend momentum, supporting the bullish outlook.

Disclaimer
The views and stock recommendations mentioned above are those of individual analysts or broking firms and do not represent the views of Mint. Investors are advised to consult certified financial experts and assess their own risk profile before making any investment decisions.