The Indian stock market finished a little lower on Wednesday. Investors felt cautious because of ongoing global economic and political issues. Problems like U.S. trade policies and rising tensions in Iran made people hesitant to buy new stocks.
Market Sentiment Remains Cautious
Overall, the market moved mostly because of outside factors. People invested carefully and selectively instead of taking big risks. Some sectors like FMCG, IT, and autos showed weakness. However, metals and oil & gas stocks held up better, which helped prevent bigger losses.
Expert View on Nifty 50 and Bank Nifty
Sumeet Bagadia, Executive Director at Choice Broking, said the market mood is cautious to negative. Foreign investors selling shares and economic uncertainties are affecting Dalal Street. He noted that the Nifty 50 index is trading between 25,500 and 25,800.
Speaking about the Nifty 50 outlook, Bagadia explained, "On 14 January 2026, the Nifty 50 traded with a cautious negative bias and ended modestly lower. Continued foreign selling and macro uncertainties weighed on sentiment. The index fell below 25,700, showing bears had control for most of the session. Immediate resistance is around 25,750–25,800, while key support is near 25,500–25,550. The near-term bias stays cautious, with consolidation likely to continue."
On the Bank Nifty index, he said, "On the daily chart, Bank Nifty formed a small positive candle. This shows a guarded bullish nuance after sideways consolidation. Buyers were active around key support levels. The modest close above previous lows suggests immediate downside pressure was cushioned. Immediate resistance is around 59,800–59,900, which needs to be reclaimed convincingly for upside momentum. Crucial support remains near 59,300–59,400 to prevent a deeper retracement. The near-term bias stays cautious-to-neutral, with a tilt to sideways trade."
Stocks to Consider Today
Regarding shares to buy today, Sumeet Bagadia recommended five stocks based on strong technical chart patterns. These are IndusInd Bank, Dalmia Bharat, SAIL, NH, and KEI Industries.
1. IndusInd Bank
Buy at ₹944.50, Target ₹990, Stop Loss ₹899.
IndusInd Bank's share has broken out from a previous parallel channel. It then had a successful retest, showing renewed bullish momentum. The stock is forming higher highs and higher lows. It trades above the 20, 50, 100, and 200 EMAs, reflecting strength.
2. Dalmia Bharat
Buy at ₹2177.30, Target ₹2365, Stop Loss ₹2080.
Dalmia Bharat's share has moved higher after a phase of downside consolidation. This indicates improving momentum. The stock delivered a falling trendline breakout with a close above the breakout zone. It trades above the 20, 50, and 200 EMAs, signalling strength.
3. SAIL
Buy at ₹152.44, Target ₹165, Stop Loss ₹145.50.
SAIL's share price shows a positive technical outlook on the daily chart. It followed a strong breakout and healthy consolidation near the highs, indicating a bullish continuation pattern. The overall trend remains upward with higher highs and higher lows intact. Price trades comfortably above key short- and medium-term EMAs, reflecting sustained buying interest. RSI is in the bullish zone and moving upward, suggesting improving momentum.
4. NH
Buy at ₹1946.10, Target ₹2110, Stop Loss ₹1860.
NH share displays a positive technical structure on the daily chart. Signs point to a trend reversal into a fresh upward move. Price action shows higher lows, indicating growing buying interest after a prolonged corrective phase. The stock trades above its short- and medium-term EMAs, which slope upward and support the price on dips. RSI remains above the midpoint and is gradually rising, highlighting improving momentum.
5. KEI Industries
Buy at ₹4384.60, Target ₹4720, Stop Loss ₹4200.
KEI Industries' share price recently broke out of a wider range trendline. After the breakout, the stock found strong support near the breakout zone, aligned with the 50-day EMA. It is now moving higher, indicating accumulation. It trades above the 20, 50, and 200 EMAs. On the weekly chart, the stock forms higher highs and higher lows, reflecting a strong long-term uptrend. RSI at 59.55 holds above 50 and turns up, suggesting improving momentum.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
