Motilal Oswal Analyst Recommends Three Stocks for Bullish Positions on April 10, 2026

Indian Stock Market Expected to Open Higher on Friday

The Indian stock market is anticipated to open on a positive note on Friday, following optimistic global market cues, despite a cautious sentiment amid the fragile US-Iran ceasefire deal. The trends on Gift Nifty indicate a favorable outlook for the benchmark indices, Nifty 50 and Sensex, today.

Gift Nifty is trading around 23,932, a premium of nearly 71 points from the Nifty futures' previous close. In the previous session, the Indian stock market experienced a significant decline, with the Nifty 50 closing below 23,800. The Sensex plummeted 931.25 points, or 1.20%, to close at 76,631.65, while the Nifty 50 settled 222.25 points, or 0.93%, lower at 23,775.10.

Nifty 50 Outlook

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Nifty 50 formed a small-bodied bearish candle on the daily frame and broke its higher highs formation of the last three sessions, but a longer lower wick suggests support-based buying is intact. For an upward move towards 24,000 and 24,200 zones, Nifty 50 needs to cross and hold above 23,800 zones. Conversely, support can be seen at 23,600 and 23,500 zones.

Bank Nifty Outlook

Bank Nifty index plunged 882.20 points, or 1.58%, to close at 54,821.70 on Thursday, forming a bearish candle on the daily scale as some profit booking was seen at higher zones. Bank Nifty index is still hovering above its 20 DEMA as buying is visible at lower zones, but multiple hurdles are intact at higher levels. For an upward move towards 55,500 and 56,500 levels, the index needs to cross and hold above 55,000 zones. Conversely, a hold below the same could see some weakness towards 54,500 and 54,000 levels.

Stocks to Buy

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Chandan Taparia has recommended three stocks to buy today, 10 April 2026. Taparia recommends buying Bharat Dynamics, Multi Commodity Exchange of India (MCX), and Hindalco Industries shares.

Stock Analysis

• Bharat Dynamics: After a sharp correction, Bharat Dynamics share price has formed a strong base near ₹1,100 and is witnessing a healthy pullback. It is now forming higher highs and higher lows indicating a positive trend reversal. The upmove is supported by improving volumes signalling renewed buying interest.
• MCX: MCX share price is on the verge of a cup and handle breakout indicating a potential bullish continuation setup. The stock is forming higher highs and higher lows with improving momentum reflecting strength in trend.
• Hindalco Industries: Hindalco share price is giving a range breakout from the ₹980 zone, indicating a shift towards bullish momentum. The setup is supported by improving RSI and steady price action strength. A sustained move above this level can trigger fresh upside traction.