Market Dips on Global Worries and Budget Caution
The Indian stock market closed lower on Monday, January 19. Weak global signals pressured sentiment. US President Donald Trump's tariff threats against eight European countries played a role. Disappointing third-quarter earnings added to the negative mood.
Foreign institutional investors continued pulling money out. Caution ahead of the Union Budget 2026 also dragged markets down. On the technical side, the Nifty 50 index broke below a key support level of 25,600. This suggests the index could fall further.
However, analysts see strong support for the Nifty in the 25,300 to 25,400 range. For short-term investors, focusing on stocks with positive technical indicators makes sense now. Two experts have shared their top picks for the next one to two weeks.
Expert Recommendations for Quick Gains
Vishnu Kant Upadhyay from Master Capital Services and Hitesh Tailor from Choice Equity Broking provided these six stock ideas. They base their choices on chart patterns and momentum signals.
Vishnu Kant Upadhyay's Top Picks
HCL Technologies
- Buy at: ₹1,716
- Target price: ₹1,855
- Stop loss: ₹1,615
Upadhyay notes HCL Tech broke out from a month-long consolidation. The stock closed strongly, showing bullish momentum. It trades above all key moving averages, confirming an uptrend. The daily MACD indicator turned positive, indicating rising buying interest.
TVS Motor Company
- Buy at: ₹3,702
- Target prices: ₹3,950 and ₹4,200
- Stop loss: ₹3,522
TVS Motor found solid support near its 55-day exponential moving average. It reversed from that level, attracting fresh buyers. The stock maintains a pattern of higher highs and higher lows. This reflects ongoing bullish momentum. Upadhyay says the trend stays positive above the 55-day EMA.
IIFL Finance
- Buy at: ₹651
- Target price: ₹722
- Stop loss: ₹607
IIFL Finance shows a strong bullish structure. It consistently makes higher highs and higher lows. Recent price dips were shallow, with support at the 21-day EMA. The stock holds well above the 55-day EMA, reinforcing its uptrend. It outperformed benchmark indices during market weakness.
Hitesh Tailor's Selections
Sundaram Finance
- Buy at: ₹5,152
- Target price: ₹5,450
- Stop loss: ₹5,000
Tailor highlights a positive technical outlook for Sundaram Finance. It shows a bullish pullback pattern and reversed from a previous swing low. The stock trades above key moving averages, which slope upward. The RSI indicator remains above neutral and is rising, signaling improving momentum.
DCB Bank
- Buy at: ₹191
- Target price: ₹206
- Stop loss: ₹183
DCB Bank displays strength with a higher high and higher low structure. It found support above a prior breakout zone. The stock trades above the 20, 50, 100, and 200-day EMAs. The RSI at 72.28 indicates strong upward momentum. Tailor suggests buying with a stop loss at ₹183.
Hindustan Zinc
- Buy at: ₹660
- Target price: ₹715
- Stop loss: ₹634
Hindustan Zinc exhibits strong bullish momentum. On daily charts, it formed a rounding bottom pattern. It continues making higher highs and higher lows. A breakout above ₹656 with high volume confirms buying interest. The stock trades above all major EMAs. Weekly RSI at 65.89 suggests further upside potential.
Key Takeaways for Investors
The market faces headwinds from global events and domestic caution. Technical analysis points to possible further correction in the Nifty. Yet, specific stocks show resilience and positive setups. These six picks come from expert technical analysts. They offer short-term trading opportunities based on chart patterns.
Investors should note these are short-term ideas for one to two weeks. Always use stop losses to manage risk. Market conditions can change quickly. Consult a certified financial advisor before making any investment decisions.
