Top stock market recommendations: : According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Coal India, Jindal Steel,and HCL Technologies. Here’s his view on Nifty, Bank Nifty, and the top stock picks for January 29, 2026:Index View: NiftyNifty saw over 400 points recovery from its lows printed on Monday while facing marginal supply near its initial pullback target of 25350. Sustained trade above 25350 is now likely to allow for further short covering to 25350 while dips below 25200 are now likely to get bought into. Past 2 day’s price action suggests a follow through as the 200 DMA has been reclaimed. A decisive up move in this set up is unlikely to be seen unless a weekly closing above 25660 is confirmed. The range of 25250 – 25600 is likely to continue ahead of the Budget Session. Bank NiftyBank Nifty after breaking below its recent swing low on Monday outperformed Nifty by a wide in the first two days of this week. A fresh round of covering is visible on closing above 59600 odd which could put the index back in the driver’s seat to outperform against the Nifty.Coal India (BUY):
- LCP: 444
- Stop Loss: 432
- Target: 478
After completing 100% of its bullish flag target, COALINDIA is now moving further to attain its 161.8% extension on Fibonacci scale given the money flow acting as tailwind in PSU names. Stock has also closed at fresh 52 week high and with no near term headwinds marching into the Union Budget, stock can continue the ongoing momentum for target of 478.Jindal Steel (BUY):
- LCP: 1119
- Stop Loss: 1078
- Target: 1200
After a 20 month sideways consolidation the stock has finally breakout at all time highs. Early signs of the same were visible from a 15 month consolidation breakout in September 2025. An 8-10% follow up move from breakout point of 1100 can be seen unfolding.HCL Technologies (BUY):
- LCP: 1729
- Stop Loss: 1668
- Target: 1830
A polarized support at a 5 year rising trendline clubbed by a 52 week long sloping trendline breakout from a correction has now put HCLTECH in the spotlight for traders as well as investors. Stock has entered a comfortable set up with sustaining above 200 DMA for the past 2 months now.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
