Raja Venkatraman's Top Stock Picks for 28 January: Expert Analysis and Trading Strategies
Market expert Raja Venkatraman, co-founder of NeoTrader, has shared his exclusive stock recommendations for 28 January 2026. In a volatile market environment, his insights aim to guide investors through uncertain trends with strategic picks. This analysis comes as Indian equity markets show signs of resilience, making timely decisions crucial for portfolio performance.
Market Context: Recovery Amid Volatility
On 27 January 2026, Indian equity markets staged a notable recovery, closing higher after a volatile session. Benchmark indices like the Sensex and Nifty gained ground, driven by strong performances in sectors such as metals, financials, IT, and oil and gas. The rebound was partly supported by positive developments in the India–European Union trade agreement, boosting investor sentiment.
At the close, the Sensex advanced 319.78 points, or 0.39%, to settle at 81,857.48, while the Nifty gained 126.75 points, or 0.51%, finishing at 25,175.40. Broader markets mirrored this uptrend, with the Nifty Midcap and Smallcap indices each rising 0.5%, indicating a balanced recovery across segments. Despite global uncertainties, the session highlighted the resilience of Indian equities, setting the stage for cautious optimism in trading.
Outlook for Trading: Navigating Resistance and Support
The market outlook remains influenced by global trends, with limited local news to curb volatility. The Nifty has managed to hold above the 25,000 zone, graduating to 25,150, and now faces resistance around 25,400. A strong undercurrent on Wednesday helped sustain the rise above critical support levels, though trading has been challenging throughout the week.
As the market attempts to carve out a bullish possibility, investors should monitor key metrics like the 30-minute range breakout for long positions. Every dip could present a buying opportunity, but profit booking may emerge near resistance zones. The Nifty aims to contest the 25,500 mark, while Bank Nifty targets 57,000, with options data favoring bullishness. However, trends remain circumspect, requiring a steady approach to navigate the unforgiving market dynamics.
Three Stocks to Trade: Raja Venkatraman's Recommendations
Raja Venkatraman recommends three stocks for trading on 28 January, based on technical analysis and market momentum. Here are the detailed picks:
Grasim Industries Ltd (GRASIM)
Current Market Price: ₹2,856.20
Why it's recommended: Grasim Industries, a flagship company of the Aditya Birla Group, is a diversified conglomerate known for innovation and sustainability. After recent volatility, a revival in sentiment is leading to improved momentum, with trends holding firm for potential upward movement in the coming weeks.
Key metrics:
- P/E ratio: 846.29
- 52-week high: ₹2,978.85
- Volume: 1.52M
Technical analysis: Support at ₹2,700 | Resistance at ₹3,275
Risk factors: Cyclicality in commodity businesses, intense competition, and execution challenges in its new paints business.
Trading strategy: Buy above ₹2,870 | Stop loss: ₹2,790 | Target price: ₹3,100 (Multiday trade)
Eicher Motors Ltd (EICHERMOT)
Current Market Price: ₹7,164.50
Why it's recommended: Eicher Motors is a leading automotive company, dominant in middleweight motorcycles and commercial vehicles. A strong long body candle around the Senkou bands suggests upside potential if the market revives, with a rise in the DI on intraday timeframes indicating a long opportunity.
Key metrics:
- P/E ratio: 41.83
- 52-week high: ₹7,610
- Volume: 498.37K
Technical analysis: Support at ₹6,900 | Resistance at ₹7,600
Risk factors: Intense competition, raw material price fluctuations, and premium valuation requiring sustained growth.
Trading strategy: Buy above ₹7,170 | Stop loss: ₹7,020 | Target price: ₹7,420 (Multiday trade)
Blue Star Ltd (BLUESTARCO)
Current Market Price: ₹1,675.10
Why it's recommended: Blue Star is a prominent home appliances company specializing in air conditioning and refrigeration. After a recent decline, prices are taking resistance at the TS line, with charts indicating strong selling interest leading out of consolidation.
Key metrics:
- P/E ratio: 78.75
- 52-week low: ₹1,521.20
- Volume: 828.10K
Technical analysis: Support at ₹1,600 | Resistance at ₹1,750
Risk factors: Financial disclosures, high working capital, regulatory scrutiny, and sector dependencies.
Trading strategy: Sell below ₹1,660 | Stop loss: ₹1,680 | Target price: ₹1,625 (Intraday trade)
Investment Disclaimer and Final Thoughts
Raja Venkatraman is the co-founder of NeoTrader, with SEBI registration number INH000016223. It is important to note that investments in securities are subject to market risks. Investors should read all related documents carefully before investing. Registration with SEBI and certification from NISM do not guarantee performance or returns.
The views and recommendations in this article are those of individual analysts and do not represent the views of Mint. Investors are advised to consult certified experts before making any investment decisions.
In summary, these stock picks offer strategic insights for navigating the current market volatility. By focusing on technical levels and risk factors, investors can make informed decisions to enhance their trading strategies on 28 January 2026.
