Market Commentary: Chandan Taparia On Nifty, Stocks & The Next Big Move

Join Business Today Television as we decode the ongoing Dalal Street correction with Chandan Taparia, Head Derivatives & Technical, Wealth Management, Motilal Oswal Financial services. With the Nifty slipping below 23,500 and shedding 1,200 points since August 3, large caps face intense selling pressure driven by high crude oil prices and elevated bond yields. Tapadia outlines major Nifty support at 23,000 and emphasizes a bottom-up stock-picking approach for current conditions. Discover his top technical picks in defense (HAL), auto (TVS Motor), and pharma (Divi's, Glenmark), while navigating long-term weakness in FMCG and heavyweights like HDFC Bank and TCS. We also discuss his new options trading book, 'Options 101,' and macro indicators pointing toward a potential market reversal very soon.