The Indian stock market braces for a volatile session on Tuesday. Global uncertainties over tariffs and geopolitical tensions are likely to influence trading. However, trends on Gift Nifty indicate a mildly positive start for benchmark indices like Nifty 50 and Sensex today.
Market Performance on Monday
Equity markets ended higher on Monday, recovering from intraday lows. Renewed optimism over India-US trade deal talks fueled this rebound. The Sensex advanced 301.93 points, or 0.36%, closing at 83,878.17. The Nifty 50 gained 106.95 points, or 0.42%, ending at 25,790.25.
Nifty 50 Options Analysis
Chandan Taparia, Head of Derivatives & Technicals at Motilal Oswal Financial Services Ltd, shared insights on Nifty options. He noted maximum Call Open Interest at 26,000 and 25,800 strike levels. Maximum Put Open Interest is at 25,700 and 25,500 strikes.
Call writing appears at 25,800 and 25,850 strikes. Put writing is visible at 25,700 and 25,600 strikes. Option data suggests a broader trading range between 25,400 and 26,200 zones. An immediate range lies between 25,600 and 26,000 levels, according to Taparia.
Nifty 50 Technical Outlook
Nifty 50 formed a bullish candle on the daily frame. A longer lower shadow indicates smart buying from lower levels. The index gained around 110 points but continues forming lower highs and lower lows over the last five sessions.
Taparia emphasized that Nifty must cross and hold above 25,800 to rebuild strength towards 25,950 and 26,150 marks. Support levels are seen at 25,650 and 25,500 zones.
Bank Nifty Outlook
Bank Nifty index gained 198.95 points, or 0.34%, closing at 59,450.50 on Monday. It formed a small bullish candle with a long lower shadow, showing buying at lower zones. However, the structure of lower highs remains intact from recent sessions due to missing momentum at higher zones.
Taparia added that Bank Nifty needs to cross and hold above 59,550 zones for an up move towards 59,750 and 60,000 levels. Downside support is at 59,250 and 59,000 zones.
Stocks to Buy Today
Chandan Taparia recommends three stocks for buying on 13 January 2026. His picks include Alkem Laboratories, IndusInd Bank, and Coal India.
Alkem Laboratories
Buy Recommendation: Target Price: ₹6,200, Stop Loss: ₹5,700
Alkem Laboratories share price shows a range breakout on the daily chart with a strong bodied bullish candle. The MACD indicator confirms upward momentum with a bullish crossover. Taparia advises buying for a target of ₹6,200, with a stop loss at ₹5,700.
IndusInd Bank
Buy Recommendation: Target Price: ₹970, Stop Loss: ₹875
IndusInd Bank share price is retesting its breakout from a consolidation zone on the daily chart. It bounced up from its 20 DEMA, and the RSI indicator is rising to confirm bullish momentum. Taparia sets a target of ₹970 with a stop loss at ₹875.
Coal India
Buy Recommendation: Target Price: ₹460, Stop Loss: ₹418
Coal India share price formed a bullish "Pole & Flag" pattern, suggesting continuation of the uptrend. The rising ADX line confirms the strength of the bullish trend. Taparia recommends buying for a target of ₹460, with a stop loss at ₹418.
Disclaimer: The views and recommendations above are from individual analysts or broking companies, not of Mint. Investors should consult certified experts before making investment decisions.
