Top stocks to buy today: Stock recommendations for January 2 — check list

Stock marketplace recommendations: According to Bajaj Broking Research, the apical banal picks for January 2, 2026 are Canara Bank, and Nykaa. Here’s its presumption connected Nifty and Bank Nifty:Index View: NiftyNifty is expected to stay range-bound with an upward bias, oscillating wrong the 25,700–26,300 corridor successful the adjacent term. The scale is positioned astatine a method inflection point, wherever a decisive determination extracurricular this set is apt to specify the adjacent directional leg.A sustained adjacent supra 26,300 would enactment arsenic a bullish trigger, paving the mode for a imaginable beforehand toward the 26,500 portion successful consequent sessions.On the downside, 26,000 serves arsenic contiguous support. A stronger request portion is placed betwixt 25,700–25,800, which coincides with the 50-day EMA, caller plaything lows, and a cardinal retracement of the anterior up-move.Maintaining commercialized supra this enactment clump is indispensable to support the affirmative momentum of the past 3 months and support the broader bullish operation intact.BANK NiftyBank Nifty continues to outperform the Nifty, displaying wide comparative strength, and is successful the process of base-building wrong the 58,500–60,100 set implicit the adjacent term.A decisive breakout with follow-through supra 59,500, which besides coincides with an intermediate proviso zone, could trigger caller momentum toward the beingness precocious portion astir 60,100 successful the coming sessions.The beardown up-move of the past 2 months remains good anchored wrong an ascending terms channel, highlighting persistent accumulation adjacent astatine higher levels.

On the downside, the 58,300–58,600 portion offers robust support, converging with the 50-day EMA and the earlier breakout base. As agelong arsenic the scale defends this enactment cluster, the medium-term bullish operation remains intact.

Stock Recommendations:

Canara BankBuy successful the scope of ₹ 153-155

The antagonistic has established a beardown uptrend, marked by a multi-month breakout and a accordant higher high–higher debased formation, highlighting sustained buying interest.

Prices proceed to clasp supra large play moving averages, with rising volumes lending credibility to the ongoing strength.On the downside, 145 acts arsenic contiguous support, followed by 140. On the upside, absorption is placed adjacent 170, which coincides with the 161.8% Fibonacci hold of the anterior swing, and further astatine 175. Corrective declines toward the mean should beryllium viewed arsenic accumulation opportunities.Momentum indicators stay robust; though the RSI supra 70 indicates an overbought condition, the broader inclination is intact, and immoderate impermanent consolidation is apt to beryllium constructive alternatively than trend-reversing.NykaaBuy successful the scope of 260-265

The banal is trading supra its cardinal moving averages and has established a basal enactment connected the play timeframe, indicating improving terms stability. The play illustration reflects a higher high–higher debased structure, confirming a strengthening trend.Immediate enactment is seen astatine 245, followed by 240, portion abbreviated word absorption is placed adjacent 275, with further upside imaginable toward 292. From a momentum perspective, ADX astatine 28 signals a strengthening trend, portion the play RSI astatine 63 suggests bullish dominance.(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)