Kamal Ghorui
Top stocks to buy or sell today (AI image)
Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Swiggy, Godrej Consumer Products, while GAIL is a sell call. Here’s his view on Nifty, Bank Nifty, and the top stock picks for January 22, 2026:Index View: NiftyNifty broke below its support of 25500 and completed both of its target of 25120/24950 on the downside before saving its neck above the 200 DMA on a closing basis yesterday. Given the swift price action and structure, Nifty is likely to unfold a bounce of up to 25500 odd ahead of the Union Budget day with support seen at Wednesday’s low of 24900 odd. Dips below the 25100 mark are likely to get bought into.Bank NiftyBank Nifty broke its 2 month rising trendline underperforming the Nifty after a repeated outperformance from the start of this month. The index has instead taken a polarity support on its age-old trendline rising from the lows in March 2020. However, Bank Nifty’s underperformance is unlikely to end unless it reclaims back above 59500 mark. For the short term a break above 58930 is likely to create a vacuum for buyers to head for 59270/59450.SWIGGY (BUY):
- LCP: 334
- Stop Loss: 324
- Target: 361
Having completed its bearish flag targets in yesterday’s trade, SWIGGY is back to its May 2025 breakout levels and possibility of a huge bounce is elevated at these levels. An 8-10% dead-cat bounce can play out given the price action seen on daily charts herewith.GAIL (SELL):
- LCP: 163
- Stop Loss: 168
- Target: 150
GAIL ended at a 9 month closing low early this week after witnessing repeated selling pressure ever since the gap down seen in the last week of November 2025. A retest of its March 2025 low is now likely to be seen on cards.Godrej Consumer Products (BUY):
- LCP: 1222
- Stop Loss: 1206
- Target: 1310
After a 15 month trendline breakout seen at the start of the current calendar month, stock has been in sideways consolidation waiting for triggers. With mayhem witnessed in broader markets, FMCG basket could be the one seeing buying interest and hence a stock which has already broken out allows to read price action traces.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
