Motilal Oswal Analyst Suggests Three Stocks for Purchase Amid Market Developments

Indian Stock Market Expected to Open Positively on Friday

The Indian stock market is anticipated to experience a positive opening on Friday, as global markets rose in anticipation of a US-Iran peace deal. The trends on Gift Nifty indicate a flat-to-positive start for the Indian benchmark indices, Nifty 50 and Sensex. The Gift Nifty was trading around 23,658, a premium of nearly 27 points from the Nifty futures' previous close.

The domestic equity market ended lower in the previous session, weighed down by profit booking in select index heavyweights. The Sensex fell 135.03 points, or 0.18%, to close at 75,183.36, while the Nifty 50 settled 4.30 points, or 0.02%, lower at 23,654.70.

Nifty 50 Outlook

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The Nifty 50 index has remained stuck in a range of around 500 points from the last few sessions and now requires a decisive breakout for the next leg of the move. Nifty 50 formed a bearish candle on the daily chart indicating pressure at higher levels. Now, the Nifty 50 has to cross and hold above 23,700 zones for an up move towards 23,850 then 24,000 zones, while on the downside, support can be seen at 23,500 then 23,400 zones.

Bank Nifty Outlook

The Bank Nifty index declined 122.80 points, or 0.23%, to close at 53,439.40, forming a bearish bodied candle on the daily scale with a long lower wick and a slight upper wick, indicating resistance remains intact at the higher zones while buying interest is visible at lower levels. Now, the Bank Nifty index has to cross and hold above 53,500 zones for a bounce towards 54,000 then 54,250 levels, while on the downside, support is seen at 53,250 then 53,000 zones.

Stocks to Buy

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Chandan Taparia has recommended three stocks to buy today, 22 May 2026. Taparia recommends buying Apollo Hospitals Enterprise, KEI Industries, and Samvardhana Motherson International shares.

Apollo Hospitals share price has broken out from a consolidation zone with higher than average traded volumes and formed a strong bodied bullish candle. The ADX line is rising which confirms the strength of the uptrend. Taparia recommends buying Apollo Hospitals shares for a target price of ₹8,800 apiece, while maintaining a stop loss at ₹8,060 level.

KEI Industries share price is in an overall uptrend and now on the verge of a pole and flag breakout on daily scale. The up moves are supported with high traded volumes. The RSI indicator is positively placed which has bullish implications. Taparia suggests buying KEI Industries shares for a target price of ₹5,555 apiece, and keeping a stop loss of ₹5,080.

Samvardhana Motherson share price has given a range breakout at a previous hurdle of ₹135 and now near its all-time high zone. Strength was seen across the Auto sector. The MACD line is rising which confirms the positive momentum. Taparia has a 'Buy' call on Samvardhana Motherson shares, with a target price of ₹145 and a stop loss of ₹133.