Top stocks to buy today: Stock recommendations for January 23 — check list

Stock marketplace recommendations: According to Bajaj Broking Research, the apical banal picks for January 23, 2026 are Gokaldas Exports, and Hindustan Unilever. Here’s its presumption connected Nifty and Bank Nifty:Index View: NIFTYIndian benchmark indices witnessed heightened volatility during the past week, with markets trading nether a persistent downward bias. The antagonistic momentum was chiefly influenced by anemic planetary cues and sustained selling by Foreign Institutional Investors (FIIs).

Volatility remained elevated passim the week owed to prevailing planetary uncertainties, peculiarly concerns surrounding US commercialized tariff policies and geopolitical issues related to Greenland. These factors contributed to cautious capitalist sentiment and constricted hazard appetite crossed equity markets. Additionally, the Indian rupee came nether important pressure, with USD/INR hitting a caller grounds debased of 91.74.

The crisp depreciation of the home currency further weighed connected marketplace sentiment, adding to the downside unit connected benchmark indices.Geopolitical tensions eased somewhat during the second fractional of the week pursuing developments astatine the World Economic Forum successful Davos, Switzerland. President Donald Trump stated that a model program had been finalized to code US interests successful Greenland, thereby reducing the likelihood of imposing further tariffs connected European nations that had antecedently opposed the projected annexation of the Arctic island.

The projected model is expected to see US mineral rights successful Greenland arsenic good arsenic the deployment of the “Golden Dome,” a multi-layered rocket defence strategy designed to heighten US nationalist security.Nifty is forming a sizable bearish candle with a agelong little shadiness successful the play illustration and is presently placed astir 200 days EMA placed astir 25170 levels. Buying request during the week has emerged adjacent the cardinal enactment portion of 25,000–24,800.

This country aligns with the anterior breakout level and the little set of the rising transmission connected the play timeframe.Following a crisp 1,400-point diminution implicit conscionable 12 sessions, the scale has entered utmost oversold territory connected the regular chart. A method pullback appears apt successful the adjacent term, with contiguous absorption hurdles astatine 25,400-25,500.Post the caller crisp decline. We expect immoderate consolidation wrong the 25,500–24,800 range.

Only a determination supra 25500 volition unfastened further upside towards the large breakdown country of 25,700.BANK NIFTYBank Nifty continues to outperform the Nifty, displaying wide comparative spot arsenic it continues to consolidate successful the scope of 58700-60400.The 58,700–59,000 portion remains a cardinal short-term support. Although the scale concisely dipped to 58,278.6 connected Wednesday session, it did not adjacent close the lows, indicating buying involvement astatine little levels.

This country besides coincides with the little extremity of the seven-week consolidation scope and the 50-day EMA, making it a important support.A decisive interruption beneath this portion could accelerate the downside towards 57500-58,000. On the upside, absorption is placed astir the erstwhile all-time precocious of 60,200–60,400.

Stock Recommendations:

Gokaldas ExportsBuy successful the scope of ₹ 580-600

Stock is seen rebounding aft a basal astatine the trendline enactment joining erstwhile large highs signaling a Change of Polarity.On the downside cardinal enactment is placed astatine 570-560 levels being the confluence of the bullish spread country of Thursday and cardinal retracement of past 2 sessions pullback.We expect the banal to caput towards 645 levels being the caller breakdown area. Hindustan UnileverBuy successful the scope of 2360-2400

The banal has generated a breakout supra a falling trendline joining highs of the past 2 months signaling resumption of up determination and offers caller introduction opportunity.On the downside cardinal enactment is placed astatine 2300-2270 levels being the beingness of caller trendline enactment and cardinal retracement of the caller up move.We expect the banal to caput towards 2520 levels being the 61.8% retracement of the erstwhile large diminution (2750-2245).(Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India)