Stocks to buy: Two stock recommendations from MarketSmith India for 13 January
Live MintIndia's benchmark index, Nifty 50, extended its losing streak to three consecutive sessions, closing at 23,431.50. The 14-day Relative Strength Index is trending downward, currently positioned around 38 on the daily chart, while the Moving Average Convergence/Divergence indicator continues to signal negativity. Read this | Turbulence ahead: Foreign investors raise index shorts to seven-month high Currently, the Nifty is trading marginally above its key support level of 23,400, having already breached its 200-WMA. The index formed another bearish candle on the daily chart, characterized by a lower-high and lower-low price structure, reflecting a negative bias. Stocks to buy, recommended by MarketSmith India: ● Tata Consultancy Services Ltd: Current market price ₹ 4,265.65 | Buy range ₹ 4,200–4,300 | Profit goal ₹ 4,700 | Stop loss ₹ 3,990 | Timeframe 1–2 Months ● Bharti Airtel Ltd: Current market price ₹ 1,615.90 | Buy range ₹1,575–1,625 | Profit goal ₹ 1,850 | Stop loss ₹ 1,510 | Timeframe 3–4 Months Disclaimer: The views and recommendations given in this article are those of individual analysts.