India’s main indexes edged up about 0.4% on Jan 12, but only around 1,044 stocks rose while 1,866 fell, showing limited buying strength.
Short‑Term Buy Ideas
- SJVN (₹80.53) – The stock broke above ₹76.5 on Jan 2 with strong volume. It’s now testing that level again. A buy around ₹79‑81 aims for ₹86, with a stop‑loss near ₹76.
- JSW Energy (₹498.8) – Recent breakout from a head‑and‑shoulder pattern. Buy near ₹490‑500, target ₹550, stop‑loss ₹475.
- Rail Vikas Nigam (RVNL) (₹331.65) – After a sharp rise, it’s pulling back to the ₹330‑320 support zone. Buy around ₹327‑333, target ₹364, stop‑loss ₹303.
- Alkem Laboratories (₹5,867) – Holding steady between ₹5,600‑5,800. Buy futures between ₹5,850‑5,970, target ₹6,000‑6,100, stop‑loss ₹5,750.
- Hindustan Zinc (₹628.25) – Short‑term dip after profit booking. Buy futures around ₹625‑630, target ₹650‑660, stop‑loss ₹615.
- Ramco Cements (₹1,083.5) – Monthly chart shows three bullish reversals. Buy now, target ₹1,170, stop‑loss ₹1,040.
- BSE (₹2,790.6) – Strong weekly momentum, trading above key averages. Buy, target ₹3,096, stop‑loss ₹2,678.
- State Bank of India (SBI) (₹1,015.15) – Steady uptrend since Feb 2025. Buy, target ₹1,086, stop‑loss ₹975.
- SBI Life Insurance (₹2,098) – Rising channel since 2021, still above key averages. Buy, target ₹2,308, stop‑loss ₹2,014.
Short‑Term Sell Idea
- Info Edge India (₹1,312.9) – Falling below its price range, with more short positions building. Sell futures between ₹1,320‑1,300, target ₹1,250‑1,200, stop‑loss ₹1,365.
Remember, these ideas are for discussion only. Do your own research and consider your risk tolerance before trading.