Chandan Taparia recommends buying Varun Beverages, IndiGo, Voltas

Chandan Taparia, an analyst at MOFSL, has recommended three stocks to buy today: Varun Beverages, InterGlobe Aviation (IndiGo), and Voltas. The Indian stock market is expected to open higher, following positive signals from global markets. On Monday, the benchmark indices, Sensex and Nifty 50, both closed higher. The Sensex rose by 341.04 points, or 0.46%, finishing at 74,169.95. The Nifty 50 increased by 111.55 points, or 0.5%, closing at 22,508.75. According to Taparia, the Nifty 50 index showed strong momentum early on, jumping by about 200 points at the start. It later stabilized, finishing the day near 22,500. He noted that a support level for the Nifty is at 22,330, while resistance is at 22,650 and 22,800. Similarly, the Bank Nifty Index also showed positive movement, reaching 48,481 points. It closed with gains of around 300 points near 48,350. Taparia mentioned that the Bank Nifty needs to maintain above 48,250 for further upward movement. For the specific stock recommendations, Taparia suggests buying Varun Beverages with a target price of ₹540 and a stop loss at ₹490. He also recommends IndiGo with a target of ₹5,020 and a stop loss at ₹4,660. Lastly, he advises purchasing Voltas with a target price of ₹1,550 and a stop loss at ₹1,415. Investors are encouraged to consult certified experts before making any investment decisions.