The Indian stock market is expected to open lower on Friday, tracking weakness on global markets. The trends on Gift Nifty also signal a negative start for the frontline indices, Nifty 50 and Sensex.
The domestic equity market ended with sharp losses in the previous session, weighed down by a selloff in IT stocks.
The Sensex declined 558.72 points, or 0.66%, to close at 83,674.92, while the Nifty 50 settled 146.65 points, or 0.57%, lower at 25,807.20.
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 26,000 then 25,900 strike, while maximum Put OI is at 25,800 then 25,500 strike.
“Call writing is seen at 25,900 then 25,800 strike, while Put writing is seen at 25,800 then 25,700 strike. Option data suggests a broader trading range in between 25,400 to 26,200 zones, while an immediate range between 25,600 to 26,000 levels,” said Taparia.
Nifty 50 Outlook
Nifty 50 formed a bearish candle on the daily frame and negated its higher highs – higher lows formation of the last three sessions.
“Now, till Nifty 50 holds below 25,900 zones, weakness could be seen towards 25,700 then 25,500, while a hold above the same would shift momentum towards 26,000 then 26,150 zones,” said Taparia.
Bank Nifty Outlook
Bank Nifty index ended 5.60 points, or 0.01%, lower at 60,739.75 on Thursday, and formed a small-bodied candle on daily scale as buying interest is visible at lower levels but momentum is missing at higher zones.
“Bank Nifty is hovering above its 10 DEMA and is relatively outperforming the benchmark index. Now, the Bank Nifty index has to hold above 60,500 zones for an up move towards 61,000 then 61,250 zones, while on the downside, support is seen at 60,500 then 60,250 levels,” Taparia added.
Stocks to buy
Chandan Taparia has recommended three stocks to buy today, 13 February 2026. Taparia recommends buying Max Financial Services, Bharat Electronics (BEL) and Shriram Finance shares.
Max Financial Services | Buy | Target Price: ₹1,925 | Stop Loss: ₹1,750
Max Financial Services share price has broken out from a consolidation zone with a strong bodied bullish candle on the daily chart. The MACD indicator is rising which confirms the positive momentum, Taparia said.
He recommends buying Max Financial Services shares for a target price of ₹1,925 apiece, while maintaining a stop loss at ₹1,750 level.
Bharat Electronics | Buy | Target Price: ₹470 | Stop Loss: ₹428
Bharat Electronics share price is retesting its breakout from an ‘Ascending Triangle” pattern on the daily chart and is respecting its 20 DEMA support. The RSI indicator is rising to support the bullish momentum.
Taparia has a ‘Buy’ call on BEL shares with a target price of ₹470 and a stop loss of ₹428 level.
Shriram Finance | Buy | Target Price: 1,130 ₹| Stop Loss: ₹1,050
Shriram Finance share price is in uptrend and has given a fresh inside bar breakout, indicating continuation of bullish momentum. The stock is trading at lifetime highs and sustaining well above its short term moving averages. Momentum indicator RSI has also positively placed, Taparia said.
He suggests buying Shriram Finance shares for a target price of ₹1,130 apiece, and keeping a stop loss of ₹1,050.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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