Indian Stock Market: Trade Guide For Nifty 50 To Gold, Silver Prices On January 21

Mumbai: The markets on Wednesday faced a tough session with benchmark indices sliding sharply amid weak global sign and selling pressure. Traders and analysts are reviewing the action and offering ideas on where the market might head next.

Why Did Market Fall?

According to the exchange data, the Nifty 50 index closed 1.38 per cent lower at 25,232.50 points after Tuesday's market session and the BSE Sensex index closed 1.28 per cent lower at 82,180.47 points, compared to the previous market close.

"There's strong downside pressure and the overall market bias remains negative. A sustained move below key moving averages could open the door for further weakness,” said one market watcher. 

What are Gold and Silver price?

According to the Multi-Commodity Exchange data, the gold prices closed 3.37 per cent or Rs 4,921 per 10 grams higher at Rs 150,560 per 10 grams after Tuesday's trading session.

MCX official data show that silver rates on the market surged 4.16 per cent or Rs 12,925 per kg to close at Rs 323,200 per kg after Tuesday evening's commodity market session.

Which Stocks Are Experts Backing?

Despite the weak index trend, market strategists have suggested a handful of stocks that could present opportunities:

Hindustan Zinc Ltd: Buy at Rs 681; Target Price at Rs 730; Stop Loss at Rs 657.

VRL Logistics Ltd (VRLLOG): Buy at Rs 248; Target Price at Rs 266; Stop Loss at Rs 239.

Tata Consumer Products Ltd (TATACONSUM): Buy at Rs 1,185; Target Price at Rs 1,230; Stop Loss at Rs 1,170.

Bharti Airtel Ltd (BHARTIARTL): Buy at Rs 1,995; Target Price at Rs 2,050; Stop Loss at Rs 1,975.

What can investors do?

As volatility remains high, Market experts stress caution. Prices could swing sharply in either direction and global developments as trade tensions are adding to risk. Before making fresh bets, traders are advised to use disciplined stop orders and to consider broader market trends.