Trade setup for Nifty 50, RIL AGM to Trump tariffs; six stocks to buy or sell on Friday
As Indian equity markets open for Friday’s trade, investors are bracing for a volatile session shaped by multiple domestic and global triggers. From the much-anticipated Reliance Industries Annual General Meeting (AGM) to the ripple effects of steep US tariffs under Trump’s policy, traders are advised to stay cautious. Meanwhile, experts have shortlisted six intraday stocks to buy or sell for the day.
Nifty 50 Outlook
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, highlighted that the underlying trend of Nifty remains weak. He noted, “The next lower supports to be watched are around 24,300-24,250 (previous swing lows and 200-day EMA). Any pullback could find strong resistance around 24,700 levels.”
For the Bank Nifty, Bajaj Broking Research pointed out that the index formed a large bearish candle, breaking below the three-week range of 54,900–56,100. Analysts said, “Failure to move above 55,000 will keep the bias down, opening downside towards 53,500–53,000 levels in the coming sessions.” The key support rests around the 200-day EMA and the May 2025 low.
Market Triggers to Watch
Siddhartha Khemka, Head of Research – Wealth Management at Motilal Oswal, said that supportive domestic measures such as GST reforms, import duty relaxations, and the broader Swadeshi push are expected to lend resilience to Indian equities. However, global headwinds remain.
Internationally, traders are awaiting key US macroeconomic releases, including Q2 GDP numbers and initial jobless claims, which may influence investor sentiment.
Trump Tariffs and Sectoral Impact
Global markets remain on edge after the US administration announced 50% tariffs on Indian exports, a move that will hit several sectors heavily reliant on the American market. Textiles & apparel, gems & jewellery, marine exports (shrimp), leather, and footwear are expected to be among the worst impacted.
On the brighter side, the Indian government extended import duty exemptions on cotton until December, offering some relief to the garment industry facing tariff shocks.
Spotlight on Reliance AGM
Reliance Industries Limited (RIL), India’s largest company by market capitalization, will be at the center of attention on Friday as it hosts its 48th Annual General Meeting (AGM). Historically, RIL AGMs have unveiled landmark announcements, including succession planning, 5G investments, and the launch of JioPhone.
Investors will keenly track updates on Reliance’s expansion strategy, new investments, and potential shareholder value creation plans.
Six Stocks to Buy or Sell Today
Market experts, including Sumeet Bagadia of Choice Broking, Shiju Kuthupalakkal of Prabhudas Lilladher, and Sugandha Sachdeva of SS WealthStreet, have recommended the following six intraday picks:
Sumeet Bagadia’s Picks
AIIL: Buy at ₹3,196 | Target: ₹3,434 | Stop Loss: ₹3,090
UNO Minda: Buy at ₹1,295 | Target: ₹1,390 | Stop Loss: ₹1,250
Shiju Kuthupalakkal’s Picks
TD Power Systems: Buy at ₹504 | Target: ₹530 | Stop Loss: ₹492
Thomas Cook: Buy at ₹177.50 | Target: ₹188 | Stop Loss: ₹173
Kaveri Seeds: Buy at ₹1,155.90 | Target: ₹1,210 | Stop Loss: ₹1,130
Sugandha Sachdeva’s Pick
Onmobile Global: Buy at ₹49.80 | Targets: ₹52, ₹53.40 | Stop Loss: ₹48.40
Conclusion
Friday’s trade will be influenced by a mix of domestic cues like RIL’s AGM and government policy support, alongside global concerns stemming from Trump’s tariffs and US economic data releases. With Nifty and Bank Nifty both showing bearish undertones, traders should exercise caution while looking at intraday opportunities in the six recommended stocks.
Disclaimer: This blog is for educational purposes only. The stock recommendations are those of individual analysts and brokerage firms, not Mint. Investors are advised to consult certified financial experts before making any investment decisions, as markets can be highly volatile.
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