The benchmark indices recouped some of the previous day’s losses, with the Nifty 50 rising half a percent on January 27, but market breadth remained weak. A total of 1,622 shares were under pressure compared to 1,311 shares that gained on the NSE. The market is expected to remain range-bound amid a rising India VIX. Below are some short-term trading ideas to consider:
Amol Athawale, VP Technical Research at Kotak Securities
Indian Hotels Company | CMP: Rs 651.35
After the short-term correction in Indian Hotels from higher levels, the downward momentum has stalled and the stock has entered a consolidation phase over the past few sessions. Moreover, the stock is available near its important demand zone. The structure suggests a revival of the uptrend from the current levels in the near future. For traders, Rs 625 would be the key support level to watch. Above this, the uptrend structure could continue towards Rs 695.
Strategy: Buy
Target: Rs 695
Stop-Loss: Rs 625
Tech Mahindra | CMP: Rs 1,745.1
On the weekly charts, Tech Mahindra is in a rising channel chart formation with a higher-high and higher-low series pattern. The stock has witnessed a steady recovery from trendline support levels. Additionally, the technical indicator RSI is indicating a further uptrend from the current levels, which could boost bullish momentum in the near future.
For the next few trading sessions, Rs 1,680 could be the trend-decider level for the bulls. If the stock sustains above this level, a further uptrend towards Rs 1,870 can be expected.
Strategy: Buy
Target: Rs 1,870
Stop-Loss: Rs 1,680
Life Insurance Corporation of India | CMP: Rs 807.8
On a broader timeframe, LIC has been in a prolonged downtrend and is currently in oversold territory. The texture of the chart formation and the technical indicator RSI indicate that the stock is very likely to rebound for a new leg of the upward move from its lower levels.
For positional traders, Rs 780 would be the decisive level. Trading above this level, the uptrend formation will continue towards Rs 860. However, if the stock closes below Rs 780, traders may prefer to exit long positions.
Strategy: Buy
Target: Rs 860
Stop-Loss: Rs 780
Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors
Asahi India Glass | CMP: Rs 991.9
On the daily chart, Asahi India Glass has been consistently protecting the prior day’s low on a closing basis over the past four trading sessions, indicating strong buying interest emerging from lower levels. Additionally, prices have closed above the mid-Bollinger Bands, suggesting a shift in short-term momentum. With follow-up buying, a move towards the upper Bollinger Bands near the Rs 1,030 zone is expected.
Along with this, the MACD has shown a bullish crossover below the zero line, reinforcing the positive outlook for the stock. For now, a sustained break above Rs 1,000 can extend the rise further towards Rs 1,030, followed by Rs 1,065 levels, while immediate support is placed around the Rs 960 level.
Strategy: Buy
Target: Rs 1,030, Rs 1,065
Stop-Loss: Rs 960
JSW Steel | CMP: Rs 1,222
On the daily chart, JSW Steel has been trading in a broad consolidation range between Rs 1,150 and Rs 1,202 since early January 2026, indicating a phase of accumulation. In the previous session, the stock surged over 4 percent and decisively broke out of this range, also making a fresh record high near the Rs 1,230 level with a sharp rise in volumes, which is a strong bullish signal.
Additionally, prices recently found support at the 20-day Exponential Moving Average and bounced higher, confirming improving momentum. For now, a buy-on-dips strategy can be adopted for upside targets of Rs 1,280–1,300 levels. On the downside, Rs 1,170, which is an EMA support, should remain protected.
Strategy: Buy
Target: Rs 1,280, Rs 1,300
Stop-Loss: Rs 1,170
Aditya Thukral, Founder & Analyst of AT Research & Risk Managers
Multi Commodity Exchange of India | CMP: Rs 2,418
A falling trendline breakout has been witnessed in MCX with rising volumes. The stock is consistently trading above all its major exponential moving averages, namely the 20-day, 50-day, 100-day, and 200-day EMAs. An imminent uptrend has been established with the formation of higher highs and higher lows across all timeframes.
Now that prices are trading above the short-term resistance of Rs 2,400, an uptrend continuation can be expected. Any minor dip towards the support at Rs 2,400 should be considered a buying opportunity, as previous resistance has turned into support.
Strategy: Buy
Target: Rs 2,550
Stop-Loss: Rs 2,299
Infosys | CMP: Rs 1,682.7
Infosys has been consolidating within a box pattern formed since December 22, 2025. Now that corrections in the stock are shrinking and an uptrend in prices is still very fresh, a breakout above the resistance at Rs 1,694 could provide a decent upward move.
The stock is consistently trading above all its major exponential moving averages—20-day, 50-day, 100-day, and 200-day—with all the EMAs sloping upwards. A breakout above Rs 1,694 would be a continuation of the established uptrend and would provide an opportunity for fresh long positions.
Strategy: Buy
Target: Rs 1,765
Stop-Loss: Rs 1,660
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.