Chandan Taparia Recommends Three Buy Calls for January 13, 2026 Trading Session
Chandan Taparia from Motilal Oswal Financial Services recommends buying Alkem Laboratories (target ₹6,200.00), IndusInd Bank (target ₹970.00), and Coal India (target ₹460.00) for January 13, 2026. The recommendations are based on strong technical patterns including range breakouts, bullish crossovers, and trend continuation formations. Indian markets showed resilience on Monday with Nifty 50 gaining 106.95 points to 25,790.25, though the index needs to cross 25,800 for strength rebuilding toward higher targets.
*this image is generated using AI for illustrative purposes only.
Market expert Chandan Taparia from Motilal Oswal Financial Services has issued three strategic buy recommendations for the January 13, 2026 trading session, focusing on Alkem Laboratories, IndusInd Bank, and Coal India. The recommendations come amid expectations of continued market volatility driven by global uncertainties over tariffs and geopolitical tensions.
Market Performance and Technical Outlook
Indian equity markets demonstrated resilience on Monday, rebounding from intraday lows amid renewed optimism over India-US trade deal discussions. The benchmark indices posted solid gains with renewed buying interest at lower levels.
| Index | Closing Level | Daily Change | Percentage Gain |
|---|---|---|---|
| Sensex | 83,878.17 | +301.93 points | +0.36% |
| Nifty 50 | 25,790.25 | +106.95 points | +0.42% |
| Bank Nifty | 59,450.50 | +198.95 points | +0.34% |
Nifty 50 Technical Analysis
Taparia's analysis reveals that Nifty 50 formed a bullish candle on the daily frame with a longer lower shadow, indicating smart buying from lower levels. However, the index continues to form lower highs and lower lows over the past five sessions, suggesting cautious momentum.
The options data provides crucial insights into market sentiment and potential trading ranges:
| Options Parameter | Strike Levels |
|---|---|
| Maximum Call OI | 26,000, then 25,800 |
| Maximum Put OI | 25,700, then 25,500 |
| Call Writing | 25,800, then 25,850 |
| Put Writing | 25,700, then 25,600 |
| Broader Trading Range | 25,400 to 26,200 |
| Immediate Range | 25,600 to 26,000 |
For Nifty 50 to rebuild strength, it must cross and hold above 25,800 levels, potentially targeting 25,950 and then 26,150. Support levels are identified at 25,650 and 25,500.
Bank Nifty Assessment
Bank Nifty formed a small bullish candle with a long lower shadow, indicating buying interest at lower zones. However, the structure of lower highs remains intact from recent sessions, suggesting missing momentum at higher levels. The index requires a move above 59,550 for upward momentum toward 59,750 and 60,000 levels, with downside support at 59,250 and 59,000.
Stock Recommendations
Taparia's three buy recommendations are based on strong technical formations and momentum indicators:
Alkem Laboratories
| Parameter | Details |
|---|---|
| Recommendation | Buy |
| Target Price | ₹6,200.00 |
| Stop Loss | ₹5,700.00 |
| Technical Pattern | Range breakout with strong bullish candle |
| Key Indicator | MACD bullish crossover |
The pharmaceutical company's share price has achieved a range breakout on the daily chart, supported by a strong-bodied bullish candle formation. The MACD indicator's bullish crossover confirms upward momentum.
IndusInd Bank
| Parameter | Details |
|---|---|
| Recommendation | Buy |
| Target Price | ₹970.00 |
| Stop Loss | ₹875.00 |
| Technical Pattern | Breakout retest with 20 DEMA bounce |
| Key Indicator | Rising RSI |
The private sector bank is retesting its breakout from a consolidation zone and has bounced from its 20-day exponential moving average. The rising RSI indicator confirms bullish momentum.
Coal India
| Parameter | Details |
|---|---|
| Recommendation | Buy |
| Target Price | ₹460.00 |
| Stop Loss | ₹418.00 |
| Technical Pattern | Bullish Pole & Flag formation |
| Key Indicator | Rising ADX line |
The state-owned mining company has formed a bullish "Pole & Flag" pattern, suggesting trend continuation. The rising ADX line confirms the strength of the bullish trend.
Market Outlook
With Gift Nifty trends signaling a mildly positive start for Tuesday's session, market participants will closely monitor global developments and domestic factors. The technical analysis suggests that key resistance and support levels will determine the near-term direction for both benchmark indices and individual stock movements.
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