Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Thursday

By Admin

01 Aug, 2025

The Indian stock market faced a dip on Thursday, with benchmark indices ending lower amid global tariff tensions. Investors remained cautious following tariff announcements by Donald Trump, which shook global sentiment. Despite the weak close, analysts see a potential bullish reversal on the cards, depending on how the Nifty moves in the coming sessions.

Nifty 50 & Bank Nifty: What the Charts Say

The Nifty 50 ended the day 0.35% lower at 24,768.35, while the Bank Nifty closed at 55,961.95, slipping by 0.34%. According to market experts, a decisive breakout above 25,000 could confirm a bullish reversal. On the downside, 24,600 remains a crucial support level.

As per Rupak De, Senior Technical Analyst at LKP Securities, a range-bound movement between 24,600–25,000 may continue until a breakout occurs. For Bank Nifty, key support lies between 55,000–55,500.

Global Factors & Sector Watch

Investor caution is being driven by Trump’s tariff policies, which have reignited concerns over trade wars. The oil & gas sector was particularly impacted due to US warnings over Indian energy imports. Conversely, FMCG stocks emerged as the day's only winners, offering insulation from global risks and showing a steady demand outlook.

Vinod Nair, Head of Research at Geojit Financial Services, said,

“Investors focused on domestic consumption-oriented sectors like FMCG, which offer relative protection from global shocks. Overall, the market reflects cautious optimism with selective participation.”

Stocks to Buy or Sell Today – Expert Picks

🟢 Sumeet Bagadia – Choice Broking

1. CarTrade Tech Ltd (₹2186.5)
   ✅ Buy | 🎯 Target: ₹2322 | ⛔ Stop Loss: ₹2100
   Strong breakout above resistance with rising 20 EMA and high momentum.
   
   

2. Acutaas Chemicals Ltd (₹1327.4)
   ✅ Buy | 🎯 Target: ₹1415 | ⛔ Stop Loss: ₹1275
   Bullish candle confirms breakout from month-long consolidation.
   
   

🟢 Ganesh Dongre – Anand Rathi

3. Bank of India (₹111)
   ✅ Buy | 🎯 Target: ₹117 | ⛔ Stop Loss: ₹108
   Bullish pattern with strong support at ₹107, showing signs of reversal.
   
   

4. Glenmark Pharmaceuticals Ltd (₹2133)
   ✅ Buy | 🎯 Target: ₹2220 | ⛔ Stop Loss: ₹2100
   Consistent uptrend and reversal from strong base.
   
   

5. Divis Laboratories Ltd (₹6600)
   ✅ Buy | 🎯 Target: ₹6850 | ⛔ Stop Loss: ₹6450
   Bullish trend continuation with solid support and upward momentum.
   
   

🟢 Shiju Koothupalakkal – Prabhudas Lilladher

6. Balaji Amines Ltd (₹1768)
   ✅ Buy | 🎯 Target: ₹1850 | ⛔ Stop Loss: ₹1730
   Strong pullback from key moving average with RSI indicating upside.
   
   

7. Aditya Birla Capital Ltd (₹256.65)
   ✅ Buy | 🎯 Target: ₹270 | ⛔ Stop Loss: ₹249
   Pullback from ₹243 support; bullish trend with potential for further gains.
   
   

8. Raymond Lifestyle Ltd (₹1148)
   ✅ Buy | 🎯 Target: ₹1200 | ⛔ Stop Loss: ₹1125
   Positive RSI and higher bottom formations signal continued bullishness.
   
   

Q1 Results & Market Sentiment

With Q1 earnings announcements rolling in, market sentiment remains a mix of caution and hope. While external geopolitical pressures persist, analysts are optimistic that positive domestic earnings could cushion the impact of international developments.

Final Word

The markets remain on edge, awaiting a decisive move from the Nifty 50. A close above 25,000 could spark a bullish breakout, while a fall below 24,600 might lead to further correction. Meanwhile, the stock picks listed above provide selective opportunities for intraday traders looking to navigate Thursday’s volatile environment.

📌 Disclaimer: The stock recommendations above are shared by individual analysts. Please consult a SEBI-registered advisor before investing.