Mirae Asset Lists Top Buy/Sell Stocks for January 2026

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AuthorAnanya Iyer|Published at:
Mirae Asset Lists Top Buy/Sell Stocks for January 2026
Overview

Mirae Asset Sharekhan's Somil Mehta has identified key stock recommendations for January 20, 2026. Investors should consider buying NTPC and Mphasis, with specific price targets and stop-loss levels outlined. Conversely, Blue Star has been flagged with a sell recommendation, indicating potential downside risk.

Equity Recommendations for January 20, 2026

Mirae Asset Sharekhan's Head of Alternate Research, Somil Mehta, has issued a set of stock recommendations for January 20, 2026, guiding investors on potential trades. The firm has identified two stocks for buying consideration and one for selling.

NTPC: Buy Recommendation

NTPC is currently consolidating within a broad range, maintaining support above its 20 and 40-day moving averages for the past two weeks. The stock has broken a descending trendline, suggesting a potential resumption of its upward momentum. Momentum indicators are displaying positive signals, indicating strength, and the stock is finding support from its 200-day exponential moving average (DEMA). Key resistance is noted at ₹360, with support at ₹336.
Mirae Asset recommends a buy in the range of ₹342 to ₹346, setting a stop loss at ₹328 and a target price of ₹380.

Mphasis: Buy Recommendation

Mphasis has been consolidating in a wide range above the 200-day moving average throughout the last month. Technical indicators suggest an upward trajectory is likely. Positive crossovers in momentum indicators are above the zero line, signaling underlying strength. The stock faces a key resistance level at ₹3050 and support at ₹2778.
The recommendation is to buy Mphasis between ₹2,894 and ₹2,895, with a stop loss at ₹2,735 and a target of ₹3,180.

Blue Star: Sell Recommendation

Blue Star has been trading within a broad range below its 200-day moving average for the last two months. The stock has shown a breakdown below its short-term 20 and 40-day DEMAs, indicating a potential continuation of downward momentum. Momentum indicators are reflecting weakness.
The firm has issued a sell recommendation for Blue Star, advising trades in the range of ₹1,760 to ₹1,775, with a stop loss at ₹1,890 and a target price of ₹1,540. Key resistance is identified at ₹1862, with support at ₹1700.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.