Stocks To Buy Today: Intraday BUY/SELL Calls By Sumeet Bagadia On Monday, 13th Jan

Last week, the Indian equity market had a severe sell-off, with the BSE Sensex falling 2.33% to close at 77,378 and the Nifty50 falling 2.39% to end the week at 23,431.50. The Bank Nifty was under a lot of pressure and fell below the crucial 50,000 mark, closing the week 4.42% down at 48,734. With all of the main indices still trading below their pivotal 200-day EMA, the negative trend is still strong. The upcoming Union Budget on February 1st is anticipated to cause market turbulence, while dampened earnings outlooks and high global bond rates continue to be short-term obstacles.

Nifty Outlook Today

"Nifty's current price action hints at a sideways movement amid continued bearish pressure and failure to hold its recovery attempts above 23,500. Resistance remains firm in the 23,600-23,700 zone, aligning with the 10-day EMA. Options data suggests softening sentiment, with aggressive call writing and reduced put interest signaling fading confidence in a sustained rally. Bullish divergence on the 30-minute RSI and proximity to the 23,350-23,270 support zone increases the likelihood of a pullback toward immediate resistance at 23,700. A decisive break above 23,700 could trigger short-covering, potentially driving the index to 24,000. On the flip side, a sustained dip below 23,270 would expose the index to further declines toward 23,000. Until the index breaches resistance levels, the broader trend remains bearish, favoring a "sell-on-rise" strategy as buyers struggle to sustain gains at elevated levels," said Dhupesh Dhameja, Derivatives Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"Nifty Bank's recent price movements indicate a sideways trading bias amid continued bearish momentum and difficulty sustaining recovery attempts above 49,000. The resistance zone at 49,600-49,300, previously a support region, will now act as a formidable ceiling. Options trends reveal waning optimism as aggressive call writing and reduced put activity signal diminishing confidence in upward movement. On the hourly chart, bullish divergence in the RSI hints at a possible pullback, with the index hovering near its major support area of 48,650 to 48,300. A decisive break above 50,000 could trigger short-covering, propelling the index toward 51,000. Conversely, a sustained dip below 48,500 would expose the index to further downside risks near 48,000. Until the index clears resistance levels, the prevailing market structure remains bearish, favoring a "sell-on-rise" approach amid weak buying momentum," commented Dhupesh Dhameja.

Stocks To Buy Today

Choice Broking's executive director, Sumeet Bagadia, recommended buying two stocks on Monday, January 13 after the India VIX, a crucial gauge of market volatility, increased by 1.76% to 14.91, indicating growing investor trepidation. Though buying activity is limited, market mood remains cautiously hopeful as the VIX continuously stays below the crucial 15 barrier.

HCL Tech

Buy HCLTECH in cash @ 1995.1, Stop-loss: 1920, Target: 2100

HCLTECH showcases a strong bullish momentum, evident from a substantial upward movement and a significant closing around Rs 1995.1. The stock has been experiencing robust buying interest, leading to consecutive gains and an attempt to consolidate after the recent surge.

Key technical indicators, particularly the Relative Strength Index (RSI), emphasize the stock's positive momentum. The RSI not only signals positive trends but also aligns with the stock trading above crucial moving averages, including the 20-day, 50-day, and 200-day Exponential Moving Averages (EMA). This convergence underscores the sustained strength in HCLTECH price action.

The surge in volume associated with this upward price action also indicates strong interest and a potential continuation of the rally if the momentum sustains a bullish outlook for HCLTECH Industries. Traders and investors may find this analysis indicative of potential continued upward momentum in the stock.

Based on the above analysis we recommend buying HCLTECH in cash at CMP of 1995.1 for the target of 2100 with a stop loss of 1920.

Marico

Buy MARICO in Cash @ 673.90, stop-loss @ 650, Target @ 721

MARICO is currently trading at Rs 673.90 and exhibiting strong bullish momentum. After experiencing significant selling pressure since October 2025, the stock reversed from its support zone at Rs 580. It then consolidated for several days before recently breaking out of this range. This breakout, supported by a sustained increase in trading volumes, reinforces the bullish outlook for the stock.

If MARICO sustains above the critical level of Rs 687, it is well-positioned to achieve a short-term target of Rs 721. The Relative Strength Index (RSI) stands at 64.15, indicating a healthy uptrend with potential for further growth. Additionally, the stock is trading above its 20-day, 50-day, and 200-day Exponential Moving Averages (EMA), which confirms the ongoing positive trend.

Traders may consider entering at the current price of Rs 673.90, with a stop loss at Rs 650 to manage downside risk and a target price of Rs 721. While the technical indicators present a compelling case for potential gains, it is essential to remain cautious of short-term volatility and broader market conditions.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns. in advises users to consult with certified experts before making any investment decision.