Indian markets are wobbling, but the Nifty 50 managed to end higher on Monday, hinting at a possible bounce.
Market Snapshot
The Sensex rose 301.93 points (0.36%) to finish at 83,878.17, while the Nifty 50 gained 106.95 points (0.42%) to close at 25,790.25. The rise came after renewed optimism about a potential India‑US trade deal.
Nifty 50 Outlook
Technical analysis shows a bullish candle with a long lower shadow, suggesting buying interest at lower levels. The index needs to stay above 25,800 to aim for 25,950 and then 26,150. Support levels are around 25,650 and 25,500.
Bank Nifty Outlook
Bank Nifty climbed 198.95 points (0.34%) to end at 59,450.50. It formed a small bullish candle with buying seen near the lower zones. For further upside, the index must clear the 59,550 level, targeting 59,750 and eventually 60,000. On the downside, support sits near 59,250 and 59,000.
Top Stock Picks for Today (13 Jan 2026)
- Alkem Laboratories – Buy
Target: ₹6,200 Stop‑loss: ₹5,700
The stock broke out with a strong bullish candle and a confirming MACD crossover. - IndusInd Bank – Buy
Target: ₹970 Stop‑loss: ₹875
Price is retesting a breakout zone and has bounced off its 20‑day EMA, supported by a rising RSI. - Coal India – Buy
Target: ₹460 Stop‑loss: ₹418
A clear "pole‑and‑flag" pattern points to continued upside, with a strengthening ADX.
What to Watch
Option data suggests the Nifty may trade between 25,400 and 26,200 in the near term, with a tighter range of 25,600‑26,000. Keep an eye on global tariff talks and geopolitical news, as they can sway market sentiment.
Disclaimer
These insights are based on individual analyst opinions, not a guarantee of future performance. Remember, this is perspective, not prediction. Do your own research or consult a certified advisor before making any investment decisions.