Trade setup for Nifty 50, Trump tariffs to US Fed minutes; eight stocks to buy or sell on Thursday

By Admin

21 Aug, 2025

The Indian stock market continued its upward momentum on Wednesday, with the Nifty-50 extending gains for the third consecutive session. The index closed at 25,050.55, up 0.28%, while mid- and small-cap indices gained between 0.3% and 0.46%. However, the Bank Nifty slipped 0.30% to end at 55,698.50, and pharma stocks also witnessed weakness. On the other hand, IT, Realty, and FMCG sectors led the rally, contributing to the overall bullish tone.

Key Levels for Nifty-50

Experts believe the 25,000 and 24,930 levels will act as strong support zones for the benchmark index. As long as the market trades above these levels, the bullish sentiment is expected to continue. On the higher side, Nifty-50 could advance to 25,150–25,200, according to Shrikant Chouhan, Head of Equity Research at Kotak Securities.

US Fed Minutes and Trump Tariffs

The global sentiment is also being shaped by the latest US Federal Reserve minutes, which revealed a divide among policymakers over the economic impact of President Donald Trump’s tariffs. While some Fed officials highlighted inflation risks outweighing concerns over employment, others debated the timing of interest rate changes. The uncertainty keeps global investors watchful of monetary policy moves.

Global Market Outlook

Despite international headwinds, the near-term outlook for Indian markets remains positive, supported by strong government policies and a boost in consumption. Investors are also tracking key global data, including the India and US Manufacturing and Services PMI, which will be released on Thursday. Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, noted that policy support and domestic resilience continue to drive optimism.

Eight Stocks to Buy or Sell on Thursday

Market experts have shortlisted eight intraday trading ideas for Thursday, spanning across different sectors.

Sumeet Bagadia’s Picks (Choice Broking)

1. Gokul Agro Resources Ltd (₹335 | Target: ₹360 | Stoploss: ₹325)
   
   

• The stock gave a breakout above its resistance zone of ₹320–330, supported by strong volumes.
  
  

• Trading well above its key EMAs, the structure indicates a bullish continuation.
  
  

2. Vimta Labs Ltd (₹709 | Target: ₹760 | Stoploss: ₹680)
   
   

• Positioned above its key EMAs with a bullish crossover.
  
  

• Strong volume trends confirm sustained buying momentum.
  
  

Ganesh Dongre’s Picks (Anand Rathi)

3. Tata Consultancy Services Ltd (₹3093 | Target: ₹3160 | Stoploss: ₹3050)
   
   

• Strong bullish structure with solid support at ₹3050.
  
  

• Price action signals a possible retracement toward ₹3160.
  
  

4. Cyient Ltd (₹1232 | Target: ₹1260 | Stoploss: ₹1200)
   
   

• Maintains support at ₹1200 with bullish continuation.
  
  

• RSI and price action favor a short-term up move.
  
  

5. Tata Steel Ltd (₹162 | Target: ₹170 | Stoploss: ₹154)
   
   

• Strong rebound from ₹154 support zone.
  
  

• Technicals suggest potential upside toward ₹170.
  
  

Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)

6. Mangalore Chemicals & Fertilizers Ltd (₹359.80 | Target: ₹380 | Stoploss: ₹352)
   
   

• Positive candle formation after consolidation.
  
  

• RSI shows a reversal, indicating renewed strength.
  
  

7. Tourism Finance Corporation of India Ltd (₹312 | Target: ₹330 | Stoploss: ₹305)
   
   

• Breakout above ₹298 consolidation barrier.
  
  

• Strong volume support points toward further upside.
  
  

8. India Pesticides Ltd (₹217 | Target: ₹230 | Stoploss: ₹212)
   
   

• Ascending channel pattern with support near 50EMA.
  
  

• Bullish candle formation signals potential rally.
  
  

Conclusion

The Indian stock market remains in a bullish phase, backed by strong sectoral performance, policy support, and global cues. While the Nifty-50’s immediate range is capped between 24,930–25,200, traders should keep a close watch on US Fed developments and PMI data. For short-term opportunities, the eight recommended stocks offer technical setups favoring upward momentum.

Disclaimer: The views and recommendations above are those of individual analysts or brokerage firms. Investors should consult certified financial advisors before making investment decisions.