Motilal Oswal Analyst Recommends Three Stocks for Purchase on April 7, 2026

Indian Stock Market Expected to Open Lower Amid US-Iran Tensions and Rising Crude Oil Prices

The Indian stock market is anticipated to open lower on Tuesday, April 7, 2026, due to concerns over the escalating US-Iran war in the Middle East and the increasing crude oil prices. This sentiment is reflected in the trends on Gift Nifty, which signals a negative start for the frontline indices, Nifty 50 and Sensex, today.

The Gift Nifty is trading around 22,905, a discount of nearly 151 points from the Nifty futures' previous close. In contrast, the domestic equity market ended sharply higher in the previous session, with the benchmark Nifty 50 closing above 22,900. The Sensex rallied 787.30 points, or 1.07%, to close at 74,106.85, while the Nifty 50 settled 255.15 points, or 1.12%, higher at 22,968.25.

Nifty Options Outlook

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According to Chandan Taparia, Head Derivatives & Technicals at Wealth Management, Motilal Oswal Financial Services Ltd, the maximum Call Open Interest (OI) is at 23,500 then 23,000 strike, while the maximum Put OI is at 22,500 then 22,700 strike. Taparia notes that Call writing is seen at 23,500 then 22,200 strike, while Put writing is seen at 22,500 then 22,800 strike.

Nifty 50 Outlook

The Nifty 50 index formed a bullish candle on the daily frame with a longer lower shadow indicating buying intact at support levels. According to Taparia, Nifty 50 has to hold above 22,850 zones for an up move towards 23,200 then 23,450 zones, while support can be seen at 22,700 then 22,550 zones.

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Bank Nifty Outlook

The Bank Nifty index formed a bullish bodied candle on the daily scale with a lower wick indicating buying interest visible at lower zones. Taparia notes that Bank Nifty has to hold above 52,500 zones for a bounce towards 53,000 then 53,250 levels, while a hold below the same could lead to weakness towards 52,250 then 52,000 zones.

Stocks to Buy

Chandan Taparia has recommended three stocks to buy today: BSE, Larsen & Toubro, and Titan Company shares.

• BSE: Taparia recommends buying BSE shares for a target price of ₹3,160 apiece, while maintaining a stop loss at ₹2,890. The stock has given a rounding bottom breakout with a strong bullish candle indicating a shift in momentum.
• Larsen & Toubro: Taparia has a 'Buy' call on L&T shares with a target price of ₹3,950 and a stop loss of ₹3,620. The stock has shown a strong recovery after forming a base near the ₹3,400 zone and forming higher lows on the daily chart.
• Titan Company: Taparia suggests buying Titan Company shares for a target price of ₹4,500 apiece, while keeping a stop loss of ₹4,120. The stock has given a range breakout on the daily chart backed by supportive volumes indicating strong buying interest.