stock market recommendations: : According to Bajaj Broking Research, the top stock picks for January 30, 2026 are state Bank of India (SBI), and Jaiswal Neco Industries. Its outlook on Nifty and Bank Nifty is as follows:Index View: NiftyIndian benchmark indices witnessed a bullish rise during the current week, with Nifty extending its gains reflecting the continued rally in domestic markets. Sentiment remained positive, supported by optimism around the India-EU Free Trade Agreement, which is expected to improve trade prospects and support medium-term economic growth.In the global market, the US Federal Reserve kept rates steady at 3.50%-3.75% in a 10-2 vote, upgrading its growth outlook to solid expansion, taking into account stabilizing labor conditions, modest job growth and increased uncertainty.Volatility is expected to remain high in the coming season due to the Union Budget on February 1, 2026 and choppy global cues.The index has jumped more than 500 points in the last three sessions from the key support zone of 24,800-25,000, which is aligned with the lower end of the seven-month ascending channel and 52-week EMA.Overall, the index is likely to consolidate in the range of 25,000-25,550, with stock-specific moves dominating. A move above 25,550 will open it towards 25,700-25,800 levels in the coming sessions. On the downside, immediate support is placed at 25,150 levels while key support is placed around 25,000-24,900 levels.bank niftyBank Nifty extended its outperformance, displaying clear relative strength. It currently remains around the level of 60,000. Volatility is likely to increase in the coming sessions due to the Union Budget on February 1, 2026 and uncertain global cues.In the short term the index is likely to consolidate in the range of 60,400-58,500, only a move above the recent high of 60,400 will open it towards 61,500 levels. As mentioned in the earlier edition, the key support is placed at the levels of 58,000-57,500, which is the confluence of the 100-day EMA and the key breakout zone.
Stock Recommendations:
state Bank of IndiaBuy in the range of ₹1030-1070
| Target | return | time limit |
| ₹1150 | 11% | 12 months |
The stock has generated a breakout above a bullish rounding formation and thus offers a fresh entry opportunity.We expect the stock to maintain positive trend and move towards 1150 level in the coming quarters, which is the measuring implication of rounding formation.The weekly MACD uptrend remains above its nine-period moving average, confirming a positive bias.Jaiswal Neco IndustriesBuy in the range of 72-75
| Target | return | time limit |
| ₹ 86 | 15% | 6 months |
Jaiswal Neko has recovered from its recent high of 94 and is currently trading near its medium-term trendline support, which is also aligned with the 100-day EMA. Historically, the stock has found support near the 100-day EMA and staged rebounds from these levels, indicating strong buying interest and conviction.Immediate support is placed in the 68-70 area, which corresponds to the key trendline support zone.On the positive side, the stock is expected to move towards the empty gap zone in the range of 80 and 86, which is likely to act as a resistance zone. This area also aligns with the 61.8% retracement of the previous swing, increasing its technical significance.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)