Motilal Oswal Analyst Suggests Three Stocks for Purchase on May 19, 2026

Indian Stock Market Expected to Open Flat Amid US-Iran Ceasefire Deal Hopes

The Indian stock market is expected to open flat on Tuesday, following mixed global market cues amid hopes of a US-Iran ceasefire deal. The trends on Gift Nifty also indicate a muted start for the Indian benchmark indices, Nifty 50 and Sensex today. The Gift Nifty was trading around 23,660 level, a premium of nearly 2 points from the Nifty futures' previous close.

Previous Session Recap

The equity market ended flat with a positive bias in the previous session after witnessing a sharp recovery from the day's lows. The Sensex ended 77.05 points, or 0.10%, higher at 75,315.04, while the Nifty 50 settled 6.45 points, or 0.03%, higher at 23,649.95.

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Nifty Options Outlook

According to Chandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd, the maximum Call Open Interest (OI) is at 24,000 then 23,800 strike, while the maximum Put OI is at 23,400 then 23,500 strike. Call writing is seen at 23,700 then 23,800 strike, while Put writing is seen at 23,400 then 23,300 strike. Options data suggests a broader trading range in between 23,200 to 24,200 zones, while an immediate range between 23,400 to 23,900 levels.

Nifty 50 Outlook

The Nifty 50 index formed a bullish candle with wicks on both sides, indicating a clear tug of war between bulls and bears. Now, Nifty 50 has to cross and hold above 23,700 zones for an up move towards 23,850 then 24,000 zones, while holding below the same can see some weakness towards 23,500 and then 23,333 zones.

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Bank Nifty Outlook

The Bank Nifty index closed 173.35 points, or 0.32%, lower at 53,537.00 on Monday, and formed a small bodied candle on daily scale with long lower shadow as buying is visible at lower zones but multiple hurdles are intact at higher levels. Now, Bank Nifty index has to hold above 53,500 zones for a bounce towards 54,000 then 54,250 levels, while a hold below the same could see some weakness towards 53,000 then 52,750 zones.

Stocks to Buy

Chandan Taparia has recommended three stocks to buy today:

These stocks have shown positive momentum and are expected to continue their uptrend. Sun Pharma share price has broken out from a bullish "Pole and Flag" pattern on the daily chart, suggesting a continuation of the uptrend. BSE share price is in a sharp uptrend and is respecting its 20 DEMA support zones with slight dips being bought into. PB Fintech share price has bounced up from its 50 DEMA support zones with higher than average traded volumes and formed a strong bodied bullish candle.