Motilal Oswal
    NIFTY 50
Motilal Oswal

Buy DCB Bank and sell Motherson Sumi, recommends Chandan Taparia of Motilal Oswal Securities

Updated : May 07, 2019 09:38 AM IST

The latest analysis and commentary by stock market guru Chandan Taparia of Motilal Oswal Securities on what is moving the markets today. Check out his top stock recommendations.

He spoke at length about DCB Bank, Motherson Sumi, and ITC.

Speaking about individual stocks, Taparia said, “Recommending to go long on DCB Bank with a stop loss of Rs 209 and expecting it to move towards Rs 230 and even higher levels from a positional point of view.”

“Sell Motherson Sumi on small bounce back move with a stop loss of Rs 139 and this stock has potential to retest the recent swing lows of Rs 127,” he added.

On ITC, Taparia said, “Recommending to go with bull call spread by buying one lot of 305 Call and sell one lot of 315 Call. So the entire spread one has to pay the premium of around Rs 3.5. Keep the spread stop loss of 1.5 for target of 7.5. So, almost 1:2 risk reward ratio and overall we are expecting ITC to head towards Rs 315 levels.”

Disclaimer: The views and investment tips expressed by investment experts on are their own and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
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