Indian stock market is likely to open lower on Friday, November 7, 2025, amid weak global cues. On Thursday, the benchmark indices continued their downward trend, with Nifty 50 closing near 25,509 and Sensex falling to 83,311. The market has been facing selling pressure for the second consecutive session.
Chandan Taparia, Head of Derivatives & Technicals at Motilal Oswal Financial Services, shared his recommendations for stocks to buy and sell today. He also provided insights on the Nifty and Bank Nifty ranges based on options data. According to Taparia, the maximum Call Open Interest (OI) for Nifty is at 26,000, followed by 25,700, while maximum Put OI is at 25,500, followed by 25,200. Call writing is seen at 25,600 and 25,700, whereas Put writing is at 25,500 and 25,550. This suggests a broader trading range of 25,000–26,000, with an immediate range between 25,200–25,700.
For Nifty 50, Taparia said the index formed a bearish candle with a long upper shadow, indicating pressure on any upward moves. As long as Nifty remains below 25,650, weakness may continue toward 25,350 and 25,200. Resistance levels are now at 25,700 and 25,800.
Bank Nifty also faced selling pressure, ending 272.80 points lower at 57,554. The index closed below its 10-day DEMA, suggesting further weakness until it crosses 57,750. Support levels are at 57,250 and 57,000, while resistance is at 57,750 and 58,000.
Taparia recommended buying Indus Towers and Paytm (One 97 Communications) shares. Indus Towers shows a bullish “Pole & Flag” pattern, with a target price of ₹425 and a stop loss of ₹385. Paytm has broken out of its range and is supported at its 20 DEMA, with a target of ₹1,400 and a stop loss at ₹1,280.
On the other hand, Bharat Dynamics is advised to sell. The stock has broken its support and formed a large bearish candle. Taparia suggests selling its November 25 Futures with a target of ₹1,340 and a stop loss at ₹1,500.
Investors should carefully monitor these recommendations and manage risks using the suggested stop-loss levels.
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