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

By Admin

04 Aug, 2025

As we kick off the new trading week on Monday, August 4, 2025, the Indian stock market finds itself at a crucial juncture, balancing between global uncertainties and earnings optimism. Amid pressure from geopolitical developments such as U.S. tariffs and ongoing central bank policies, the focus shifts to key technical levels and selective stock opportunities.

Weekly Recap: Nifty and Sectoral Performance

During the week ending August 1, 2025, the benchmark Nifty-50 index slipped more than 1%, settling at 24,565.35, weighed down by Trump tariff concerns and global trade uncertainty. The Bank Nifty, too, closed lower at 55,617.60. Among sectoral performers:

• Underperformers: Realty and Pharma bore the brunt of the sell-off.
  
  

• Outperformers: FMCG and Industrials bucked the trend and showed resilience.
  
  

• Mid and Small Caps: Faced substantial pressure amid broader market weakness.
  
  

Trade Setup for Monday

According to Sudeep Shah of SBI Securities:

• Immediate Support (Nifty 50): 24,400–24,350 zone.
  
  

• Resistance: 50-day EMA at 24,900–24,950.
  
  

• Bank Nifty Support Zone: 55,200–55,100.
  
  

A break below support could intensify the downside, while a sustained move above resistance may indicate a short-term reversal.

Global Market Influence & Q1 Earnings

Volatility is likely to remain elevated this week with:

• Central bank policy cues
  
  

• Corporate earnings announcements
  
  

• Geopolitical headlines around U.S. trade policies
  
  

Ajit Mishra of Religare Broking advises a defensive stance in the near term, favoring accumulation of fundamentally strong stocks on dips. Sectors like IT and Metals, sensitive to global volatility, should be approached cautiously.

Eight Stocks to Buy or Sell Today (Monday)

Top technical analysts have handpicked these stocks for potential intraday gains:

Sumeet Bagadia’s Picks (Choice Broking)

1. CCL Products (India) Ltd – BUY
   
   

• CMP: ₹894
  
  

• Target: ₹957
  
  

• Stop Loss: ₹862
  
  

• Reason: Bullish candlestick near breakout from ascending triangle.
  
  

2. Trent Ltd – BUY
   
   

• CMP: ₹5,180
  
  

• Target: ₹5,550
  
  

• Stop Loss: ₹5,000
  
  

• Reason: Breakout from consolidation with strong volumes.
  
  

Ganesh Dongre’s Picks (Anand Rathi)

3. Biocon Ltd – BUY
   
   

• CMP: ₹383
  
  

• Target: ₹405
  
  

• Stop Loss: ₹370
  
  

• Reason: Reversal from support, strong bullish momentum.
  
  

4. Marico Ltd – BUY
   
   

• CMP: ₹711
  
  

• Target: ₹725
  
  

• Stop Loss: ₹700
  
  

• Reason: Rebounding from support, positive price setup.
  
  

5. Central Depository Services (India) Ltd – BUY
   
   

• CMP: ₹1,478
  
  

• Target: ₹1,540
  
  

• Stop Loss: ₹1,450
  
  

• Reason: Bullish trend, reversal from solid support.
  
  

Shiju Koothupalakkal’s Picks (Prabhudas Lilladher)

6. TVS Motor Company Ltd – BUY
   
   

• CMP: ₹2,858
  
  

• Target: ₹2,970
  
  

• Stop Loss: ₹2,500
  
  

• Reason: Rebound from 50 EMA, RSI showing bullish reversal.
  
  

7. Genus Power Infrastructures Ltd – BUY
   
   

• CMP: ₹363.85
  
  

• Target: ₹382
  
  

• Stop Loss: ₹355
  
  

• Reason: Pullback from 200 MA, good volume support.
  
  

8. Waaree Energies Ltd – BUY
   
   

• CMP: ₹3,104
  
  

• Target: ₹3,250
  
  

• Stop Loss: ₹3,045
  
  

• Reason: Strong pickup from 50 EMA, bullish RSI setup.
  
  

Outlook: Stay Disciplined Amid Uncertainty

Given the prevailing technical weakness, external macro risks, and upcoming Q1 results, a cautious but opportunistic approach is advised. Traders should stick to disciplined risk management, proper stop-loss levels, and focus on stock-specific movements rather than broader index bets.