Key Highlights
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- Subscribe now On 13 January, the Nifty 50 closed lower by 57.95 points, ending the session at 25,732.30, down 0.22%, as the index struggled to reclaim key short-term averages.
- The day’s action confirmed the continuation of a weak undertone that has been building over the last few sessions, particularly following the breakdown from a rising wedge pattern on the daily chart.
- Three stocks to buy today, Ankush Bajaj’s recommendations: Buy: Multi Commodity Exchange of India Ltd (MCX)Why it’s recommended: MCX is showing signs of renewed momentum after consolidating around short-term moving averages.
- The RSI at 60 suggests strong bullish undertone, while the MACD at +7 confirms a positive crossover, supporting a potential trend continuation.
