The Indian stock market is expected to open on a weak note on Tuesday despite a rally in global markets. The trends in Gift Nifty also signal a muted opening for the equity benchmark indices, Sensex and Nifty 50.<\/p>\n
The equity market ended lower on Monday, with the benchmark Nifty 50 closing near 25,200 level.<\/p>\n
The Sensex<\/a> fell 466.26 points, or 0.56%, to close at 82,159.97, while the Nifty 50 settled 124.70 points, or 0.49%, lower at 25,202.35.<\/p>\n On the Nifty options front, Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd said that the maximum Call Open Interest (OI) is at 25,300 then 25,500 strike, while maximum Put OI is at 25,200 then 25,000 strike.<\/p>\n Also Read | Nifty 50, Sensex on September 23: What to expect in trade today<\/a><\/p>\n \u201cCall writing is seen at 25,300 then 25,250 strike, while Put writing is seen at 25,200 then 25,150 strike. Option data suggests a broader trading range in between 24,700 to 25,700 zones, while an immediate range between 25,000 to 25,400 levels,\u201d said Taparia.<\/p>\n Nifty 50 Outlook<\/p>\n Nifty 50 index formed a small bodied candle on the daily frame and closed with losses of nearly 120 points.<\/p>\n \u201cNifty 50<\/a> closed near its lower band of the day and started to form lower high – lower lows on daily scale but the major trend is still intact to positive. Now, the index has to hold above 25,200 zones for an up move towards 25,350 then 25,500 zones, while a hold below the same could see weakness towards 25,100 then 25,000 zones,\u201d said Taparia.<\/p>\n Bank Nifty Outlook<\/p>\n Bank Nifty index declined 174.10 points, or 0.31%, to close at 55,284.75 on September 22, forming a small bearish candle with long upper shadow on daily scale as selling pressure is seen at higher zones but the rate sensitive index is hovering above its 10 DEMA.<\/p>\n Now, Bank Nifty<\/a> has to hold above 55,250 zones for an up move towards 55,750 then 56,000 zones, while on the downside, support can be seen at 55,000 then 54,750 levels.<\/p>\n Also Read | Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy<\/a>Stocks to buy<\/p>\n Chandan Taparia has recommended three stocks to buy today, 23 September 2025. Taparia recommends buying Muthoot Finance<\/a>, Samvardhana Motherson International and Canara Bank<\/a> shares.<\/p>\n Muthoot Finance | Buy | Target Price: \u20b93,300 | Stop Loss: \u20b92,920<\/p>\n Muthoot Finance share price is in an overall uptrend and has given a range breakout at its \u201cAll Time High\u201d zones. It is respecting its 20 DEMA with slight dips being bought into. The ADX line is rising which confirms the strength of the uptrend, Taparia said.<\/p>\n He recommends buying Muthoot Finance shares for a target price of \u20b93,300 apiece, while maintaining a stop loss at \u20b92,920 level.<\/p>\n Samvardhana Motherson | Buy | Target Price: \u20b9116 | Stop Loss: \u20b9107<\/p>\n Samvardhana Motherson share price has formed a bullish \u201cPole & Flag\u201d pattern on the daily chart which suggests a continuation of the uptrend. The RSI indicator is rising which confirms the strength of the bullish trend.<\/p>\n