Chandan Taparia recommendations: How to trade Bharti Airtel, Cochin Shipyard, BEL shares today

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Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 24Meanwhile, volatility is increasing ahead of the election phases which could cause a bumpy ride in the market for the time being. Taparia believes India VIX needs to fall below 16-18 zones for stability and a smoother ride in the market.Option data suggests a broader trading range in between 22,500 to 23,500 zones while an immediate range between 22,700 to 23,200 levels.The Bank Nifty index witnessed strong buying interest on Thursday as it surged over 1,000 points from lower levels.

“It has taken support from the lower band of the rising channel and inched higher. It formed a strong Bullish candle on the daily scale with support of 50 DEMA which indicates that the bullish momentum should continue.

Now it has to continue to hold above 48,500 zones for an up move towards 49,250 then 49,500 zones while on the downside the support has shifted higher at 48,250 then 48,000 levels," Taparia added.Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 24Chandan Taparia has recommended three stocks to buy today, May 24. According to him, these stocks are technically placed to see a decent upmove.

These three stocks to buy today include, Cochin Shipyard, Bharti Airtel and Bharat Electronics (BEL).Cochin Shipyard is one of the strongest shipping companies and outperformed this year so far. Cochin Shipyard shares are witnessing strong follow up buying after the consolidation and any minor declines are being bought into.