Trade Spotlight: Top Stock Picks for January 16 - Hindustan Zinc, PNB, Tata Steel & More

• Equity benchmarks saw a one-third percent loss on January 14, continuing a two-session downtrend with weakening market breadth.
• Nilesh Jain recommends buying Hindustan Zinc (Target: Rs 700, SL: Rs 621) and Punjab National Bank (Target: Rs 140, SL: Rs 123) due to strong technical indicators.
• Jain suggests selling Polycab India (Target: Rs 6,800, SL: Rs 7,560) citing a weakening price structure and potential breakdown.
• Sudeep Shah advises buying Tata Steel (Target: Rs 205, SL: Rs 182), Bank of India (Target: Rs 163, SL: Rs 147), and MCX India (Target: Rs 2,590, SL: Rs 2,330) based on bullish patterns and strong momentum.
• Rupak De recommends buying Laurus Labs (Target: Rs 1,160, SL: Rs 1,060) and KEI Industries (Target: Rs 4,700, SL: Rs 4,270) due to bullish reversal patterns.

Why It Matters: Experts provide buy/sell recommendations for key stocks like Hindustan Zinc, PNB, Tata Steel, and MCX for January 16.