Best 5 Nifty50 Stocks to buy today in India- Jan 2022
Best 5 Nifty50 Stocks to buy today in India- Jan 2022: Indian stock markets gained more than 2.5% for the week ended 7 January. Indian markets gained for the three consecutive weeks in a row despite a spike in covid cases. Last week, markets gained with the support of institutional buying as FIIs and DIIs both were buyers in the cash market segment. We feel that the market will continue to remain bullish in the coming days and so selected the five best Nifty50 stocks to buy today in India in the month of January 2022.
The Best 5 Nifty50 Stocks to Buy Today in India
Hindalco Industries
The share price of Hindalco Industries gained consecutively for the second day and has risen 3.64% return during the period. The stock is trading above all 5 Day, 20 Day, 100 Day, and 200 Day moving averages. The RSI is bullish, one can buy the stock now, other indicators like MACD, Bollinger bands also indicate buying the stock, Hindalco Industries. You can buy the stock if it sustains above Rs 497 with a stop loss of Rs 479 for the target of Rs 516- 534.
UPL Ltd
The share price of UPL Ltd has gained consecutively for the three days and has given 3.6 percent during this period. The stock is trading above all moving averages ( 5, 20, 100, 200) and delivery volume has also increased along with the prices, which indicates the trend is bullish. The technical indicators like RSI, MACD, Bollinger Bands indicate the stock is bullish. One should buy the stock above Rs 794 with a stop loss of Rs 776 for the target of Rs 854 or above.
TCS Ltd
The share price of TCS Ltd gained 1.28% on 7 January and reversed the trend after two consecutive days’ fall. The stock is trading above all moving averages (5,20, 100, and 200 Day) and just 3.5% away from its 52-week high. Technical indicators like RSI, Bollinger Band, MACD, Dow Theory all indicate the share price of TCS is bullish at this moment. You can accumulate the stock at the current market price of Rs 3853 with a stop loss of Rs 3790 for the target of Rs 4250
Maruti Suzuki Ltd
The share price of Maruti Suzuki has gained 8.29% in the last 6 days with the increase in delivery volume. The share price is trading above all moving averages (5,20,100, and 200) Day. The RSI is at 67.6, which indicates you can buy the stock at the current market price, other technical indicators MACD, Bollinger Band, KST indicates the stock is bullish. You can buy the stock above Rs 7956 with a stop loss of Rs 7850 for the target of Rs 8250.
ONGC Ltd
The share price of ONGC has gained 13% in the last 7 days with an increase in delivery volume. The stock is trading above (5,20, 100, and 200 Day) moving averages. The technical indicators like RSI, MACD, Bollinger Band, OBV, KST indicate the stock is bullish at this moment. You can buy ONGC stock above Rs 159.50 with a stop loss of Rs 153.80 for the target of Rs 169- Rs 176.
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