Stocks To Buy/Sell Today, Aug 11: Top Picks By Chandan Taparia of MOFSL For Profitable Trading On Monday

In the previous week, the Nifty and the Sensex both saw losses of about a percent, ending the week at 24,363.30 and 79,857.79, respectively, prolonging the markets' losing run for the sixth straight week. Following the Nifty index's sixth consecutive weekly negative close on Friday, which was its longest losing run in more than five years, the market is expected to stay volatile this week due to the continued support of domestic institutional investors (DIIs), who have deployed about Rs 29,000 crore in August so far, despite FIIs selling Rs 16000 crore.

Nifty Outlook Today

"Nifty immediate support is at 24200 then 24000 zones while resistance at 24500 then 24650 zones. Now till it holds below 24442 zones then weakness could be seen towards 24200 then 24000 zones while hurdles have shifted lower to 24500 and 24650 zones," commented Chandan Taparia of Motilal Oswal Securities.

Bank Nifty Outlook Today

"Bank Nifty support is at 54750 then 54500 zones while resistance at 55250 then 55555 zones. Now till it holds below 55250 zones, weakness could be seen towards 54750 then 54500 levels while on the upside hurdle is seen at 55250 then 55555 zones," Chandan Taparia stated.

Stocks To Buy Today

Chandan Taparia of Motilal Oswal Securities recommended these stocks to buy today on Monday, August 11.

FORTIS

CMP: Rs 897, stop-loss: Rs 856, Target: Rs 985, Duration: Weekly, Recommendation: Buy

• Stock is in an overall uptrend.
• Hovering around "All Time High" zones.
• Respecting 20 DEMA support zones.
• Surge in buying volumes.
• ADX line rising suggesting strength.
• We recommend to buy the stock at CMP Rs 897 with a SL of Rs 856 and a TGT of Rs 985.

SBI

CMP Rs 804, Target: Rs 925, 15% Upside, Buy

• SBIN reported a steady quarter, led by strong treasury gains, controlled operating expenses, and in-line 11-Aug-25 NII. NIM contracted 10bp QoQ to 2.9%, but management expects a gradual recovery in FY26, supported by improved liquidity from CRR cuts, moderation in deposit cost, and benefits from the recent capital raise.
• Credit growth stood at 12% YoY, with the unsecured Xpress Credit book remaining flat, while a robust credit pipeline is expected to support a healthy outlook over FY26.
• Domestic CD (credit deposit) ratio remains benign and will be supportive of incremental credit growth. Despite elevated slippages (seasonal trend in 1Q), the bank does not anticipate any material stress across lending segments.
• We raise our earnings by 3%/ 3.5% for FY26/27E and estimate FY27E RoA/RoE at 1.1%/ 15.5%.

Kalpataru Projects

CMP Rs 1,184, Target RS 1,450, 23% Upside, Buy

• KPIL reported a sharp beat on revenue and PAT during 1QFY26. This was driven by strong execution across T&D, B&F, and the oil & gas division.
• We anticipate KPIL to benefit from 1) incremental T&D awarding on both domestic and international fronts, 2) execution ramp-up of the existing strong order book, and 3) comfortable working capital. We marginally raise our estimates by 3%/1% for FY26/27 to bake in the 1QFY26 performance.
• Order inflows at INR99b were up 41% YoY, mainly driven by Buildings & Factories (B&F) and T&D businesses. The order book stood at INR644.8b (+13% YoY).
• The stock is currently trading at attractive valuations of 20.7x/15.8x P/E on FY26/27 earnings.

Quant Intraday Selling Guide

Based on technical indicators, Chandan Taparia has suggested 2 stocks to sell today that have a high likelihood to fall during the day (from open to close). Below is an intraday sell strategy, which can provide a good cushioning during a black swan event.

• HAVELLS (Sell): Closing price: Rs 1491.6, stop-loss: Rs 1506.5, Target: Rs 1476.7

• SAIL (Sell): Closing price: Rs 121.1, stop-loss: Rs 122.3, Target: Rs 119.9

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