Market Setup for Thursday: Nifty 50 Targets, Trump Tariffs, and Intraday Stock Picks
Stock market today: Nifty support at 25,000, global cues from Fed minutes, and expert recommendations for 8 stocks to buy.
Trade Setup Today: Key Levels for Nifty, Global Cues, and Expert Stock Recommendations
The Nifty 50 index extended its winning streak for the third day, closing 0.28% higher at 25,050.55 on Wednesday, while Bank Nifty slipped 0.30% to 55,698.50. IT, Realty, and FMCG sectors led the rally, while Pharma lagged. Mid- and small-cap indices gained between 0.3% and 0.46%.
Trade Setup for Thursday
♦ Key Nifty supports: 25,000 and 24,930 (Shrikant Chouhan, Kotak Securities).
♦ Upside potential: 25,150–25,200 if levels hold.
♦ Bank Nifty supports: 54,800 and 55,000 (Bajaj Broking).
Experts maintain a positive near-term outlook driven by policy support, stronger consumption trends, and steady domestic inflows. Investors will also watch India and US PMI data due Thursday.
Global cues — US Fed minutes & tariffs
The US Federal Reserve minutes from July revealed a split over the timing of rate changes. Most officials warned that inflation risks outweigh employment concerns, partly due to President Donald Trump’s tariffs, which complicate the Fed’s dual mandate.
Eight intraday stock picks for Thursday
Market experts Sumeet Bagadia (Choice Broking), Ganesh Dongre (Anand Rathi), and Shiju Koothupalakkal (Prabhudas Lilladher) recommend these stocks:
Bagadia’s Picks:
1. Gokul Agro Resources (₹335) — Buy, SL ₹325, TP ₹360. Fresh breakout above ₹320–330 with high volumes; EMAs confirm bullish trend.
2. Vimta Labs (₹709) — Buy, SL ₹680, TP ₹760. Trading well above key EMAs with strong upward momentum.
Dongre’s Picks:
3. TCS (₹3,093) — Buy, SL ₹3,050, TP ₹3,160. Strong bullish pattern with solid base support at ₹3,050.
4. Cyient (₹1,232) — Buy, SL ₹1,200, TP ₹1,260. Sustained bullish structure with firm support at ₹1,200.
5. Tata Steel (₹162) — Buy, SL ₹154, TP ₹170. Strong upward bias and technical strength.
Koothupalakkal’s Picks:
6. Mangalore Chemicals & Fertilizers (₹359.80) — Buy, SL ₹352, TP ₹380. Positive RSI reversal after consolidation.
7. Tourism Finance Corp. (₹312) — Buy, SL ₹305, TP ₹330. Breakout above ₹298 with healthy volume action.
8. India Pesticides (₹217) — Buy, SL ₹212, TP ₹230. Ascending channel support with bullish candle formation.
