Motilal Oswal’s Taparia Picks 4 Stocks for August 17

Chandan Taparia, Head Derivatives & Technicals at Motilal Oswal Financial Services Ltd, has issued specific buy recommendations for four stocks set for trading on August 17, 2026. These picks come as the broader Indian equity market, including the Sensex and Nifty 50, anticipates a subdued trading session.

Taparia’s selections target individual stock performance, citing technical indicators and buying interest. The overall market, however, is expected to exhibit a muted trend, tracking signals of weakness observed in global markets.

Top Stock Picks for August 17, 2026

• Paras Defence and Space Technologies: Buy with a target price of Rs 1,460 and a stop loss at Rs 1,335, driven by an overall uptrend and a breakout from a falling supply trendline.
• Eicher Motors: Recommended as a buy for a target of Rs 8,550 and a stop loss at Rs 7,830, supported by consistent higher tops, higher bottoms, and buying interest near its 10 EMA.
• Dixon Technologies (India): A buy call with a target of Rs 14,800 and a stop loss at Rs 13,700, noted for consolidating and being on the verge of a flag breakout.
• Devyani International: Buy with a target of Rs 152 and a stop loss at Rs 138, attributed to a strong bullish candle, above-average volumes, and reclaiming its 200 DEMA.

The Nifty 50 index is projected to operate within a defined range for the upcoming trading day. Key levels indicate immediate support and resistance points that traders should monitor closely.

Key Index Outlook

• Nifty 50 Trading Range: Expected between 24,100 and 24,700.
• Nifty 50 Immediate Support: Positioned at 24,300.
• Nifty 50 Resistance: Identified at 24,400.
• Bank Nifty Condition: Needs to hold above 57,500 to facilitate an upward bounce.

These recommendations and market outlook provide a data-driven perspective for investors navigating the anticipated muted trend on Monday, August 17, 2026, influenced by prevailing global market conditions.