Stocks To Buy Today, Jan 1: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Thursday

The BSE Sensex closed significantly higher at 85,220, closing the year on a good note, while the Nifty 50 jumped 190 points to land at 26,129. Indian stock markets concluded the December 31, 2025 session on an upbeat note, extending gains in the last trading day of the year. The Nifty Midcap 100 climbed 5.7%, while the Nifty Smallcap 100 fell 5.6% in the broader markets. The India VIX stayed in the low range, indicating consistent near-term expectations, and volatility remained muted.

Nifty Outlook Today

"The index decisively reclaimed the 26,000 mark, confirming a breakout from its recent consolidation range. This move highlights strong demand at lower levels and successful absorption of supply, indicating a shift toward a bullish near-term structure. Immediate resistance is now seen at 26,250-26,300, while key supports are placed at 26,000-26,050, with a stronger base around 25,900," commented Aakash Shah, Research Analyst, Choice Equity Broking.

Sensex Outlook

"Technically, the Sensex held above the 85,000 mark convincingly and respected intraday support, indicating that market participants continue to favor accumulation at lower levels. With support placed at 84,700-84,800 and immediate resistance seen at 85,700-85,900, the index closed near the upper end of its short-term range. As long as the key support zones remain intact, the near-term trend favors a buy-on-dips approach," commented Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited.

Bank Nifty Outlook

"On the daily chart, the index has formed a bullish candle and has broken above the upper band of its channel, indicating a continuation of the positive bias. This breakout suggests further upside potential, with the index likely to move towards its all-time high zone near 60,100 in the near term. However, failure to sustain above Wednesday's high could lead to a phase of consolidation, with the index likely to trade in the 59,500-60,000 range. Any dip towards this zone should be viewed as a buying opportunity, given the broader positive structure. Overall, the trend remains bullish as long as key support levels are held. Only a decisive breakdown below support would signal a corrective phase; until then, the buy-on-dips strategy remains intact," said the research analysts of Bajaj Broking.

Stocks To Buy Today

On Thursday, Jan 1, technical analyst Riyank Arora of Mehta Equities Ltd. recommended buying two stocks for profitable trading in the 1st session of the new year 2026.

Muthoot Finance

Buy | CMP: Rs 3,811.70 | SL: Rs 3,680 | Target: Rs 3,950 / Rs 4,080

Muthoot Finance continues to trade in a strong bullish structure with buying visible on dips. The stock is holding above its key support zone, keeping the broader trend intact. RSI remains positively placed, indicating sustained momentum. A move above ₹3,850 may lead to targets of ₹3,950 and ₹4,080. Place SL at ₹3,680.

Reliance Industries

Buy | CMP: Rs 1,570.40 | SL: Rs 1,525 | Target: Rs 1,620 / Rs 1,660

Reliance has shown a sharp bounce from support with improving price action. The stock is attempting to build a higher base, and momentum indicators are turning positive. A sustained move above ₹1,580 can trigger further upside toward ₹1,620 and ₹1,660. Maintain a stop-loss at ₹1,525.

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