Stock market today: Trade guide for Nifty 50, gold, silver rates to USD vs INR eight stocks to buy or sell on Tuesday

By Admin

27 Jan, 2026

Market overview
The Indian stock market witnessed sharp selling pressure last week, ending on a weak note across benchmarks and sectors. The Nifty 50 declined more than 2.5% to close at 25,048, while the BSE Sensex slipped nearly 2.4% to settle at 81,537. Broad-based weakness dominated the market, with all sectoral indices closing in the red. Mid-cap and small-cap stocks also saw notable erosion in investor wealth.

Sectoral performance and market flows
Among sectors, realty, consumer durables, and capital market stocks emerged as the worst performers, falling 11.33%, 6.55%, and 6.50% respectively. From a flows perspective, foreign institutional investors remained consistent sellers, offloading equities worth Rs. 14,652 crore. However, domestic institutional investors provided meaningful support with net inflows of Rs. 20,746 crore, helping to cushion the broader downside.

Nifty 50 and Bank Nifty outlook
Commenting on the Nifty 50 outlook, Dr Ravi Singh, Chief Research Officer at Master Capital Services, noted that the index has decisively slipped below its key 200-day EMA, signalling a negative trend. The 21-day EMA crossing below the 55-day EMA further confirms bearish momentum. Immediate support lies near 24,850, and a breakdown below this level could drag the index toward 24,600. On the upside, resistance is seen at 25,250, with recovery possible only above 25,500. Until then, a sell-on-rise strategy remains preferable.

On the Bank Nifty front, the index slipped below the crucial 59,000 support level and closed below its 55-day EMA, forming a bearish Marubozu candle on the weekly chart. The next key support is placed near 58,000, followed by 57,400. Resistance now stands at 59,000, and only a sustained move above this level could trigger a recovery toward 59,550.

Gold, silver and USD vs INR
After hitting fresh peaks during Monday’s session, precious metals witnessed profit-booking pressure. On Tuesday morning, COMEX gold prices were down over 1.35% but continued to trade above the $5,000 per ounce mark. COMEX silver prices corrected sharply, declining nearly 7.50% and quoting around $107 per ounce.

On the currency front, the Indian rupee traded weak against the US dollar, closing at 91.90. According to Jateen Trivedi, VP Research Analyst – Commodity & Currency at LKP Securities, persistent FII selling and elevated global uncertainties, including geopolitical tensions and trade tariff concerns, are weighing on sentiment. The USD-INR pair is expected to trade in a weak range of 91.35 to 92.25 in the near term.

Stocks to buy today
Stock market experts Sumeet Bagadia of Choice Broking, Ganesh Dongre of Anand Rathi, and Shiju Koothupalakkal of Prabhudas Lilladher have recommended the following eight intraday stocks to buy today:

1. NALCO
   Buy at ₹371
   Target ₹397
   Stop Loss ₹358
   The stock maintains a strong upward trajectory, forming higher highs and higher lows. A breakout above its recent all-time high could accelerate buying momentum.
   
   

2. Ashok Leyland
   Buy at ₹193
   Target ₹207
   Stop Loss ₹186
   The stock remains in a strong uptrend, supported by rising volumes and trading above all key moving averages, indicating sustained bullish strength.
   
   

3. JSW Steel
   Buy at ₹1170
   Target ₹1220
   Stop Loss ₹1145
   The stock shows a consistent bullish pattern with strong support at ₹1145, reinforcing positive sentiment.
   
   

4. Indus Towers
   Buy at ₹413
   Target ₹440
   Stop Loss ₹400
   A strong bullish setup with solid support suggests a potential short-term move toward ₹440.
   
   

5. UPL
   Buy at ₹702
   Target ₹740
   Stop Loss ₹680
   The stock continues to display a sustained bullish trend, making it attractive for short-term traders.
   
   

6. GNFC
   Buy at ₹464
   Target ₹486
   Stop Loss ₹454
   After a recent correction, the stock has shown a strong recovery supported by volume, with RSI bouncing from oversold levels.
   
   

7. Voltas
   Buy at ₹1315
   Target ₹1385
   Stop Loss ₹1285
   The stock has stabilised after a steep correction and is showing signs of revival, supported by improving RSI signals.
   
   

8. Swan Corp
   Buy at ₹410
   Target ₹435
   Stop Loss ₹400
   Following a healthy correction, the stock is showing signs of support and renewed buying interest, indicating potential upside.
   
   

Disclaimer
This article is for educational purposes only. The views and recommendations mentioned are those of individual analysts and brokerage firms. Investors are advised to consult certified financial advisors before making any investment decisions.