Trade setup for Nifty 50, Trump tariffs, India-US trade talks to gold prices - 7 stocks to buy

By Admin

19 Nov, 2025

Indian stock markets witnessed a sharp correction on November 18, 2025, as both benchmark indices ended their six-session winning streak. The Sensex closed at 84,673, while the Nifty 50 settled at 25,910, dragged mainly by heavy selling in the metals and financial sectors. Key stocks such as Tech Mahindra and Bajaj Finance were among the top losers, reflecting the cautious sentiment across the market.

Adding to the concerns, India’s merchandise trade deficit widened significantly in October to an all-time high of USD 41.68 billion. The deficit was largely driven by higher gold imports and a noticeable decline in exports. This widening gap has prompted economists to raise red flags regarding the country’s external fiscal balance.

Market participants are now bracing for volatility, with analysts suggesting that global economic conditions, U.S. trade developments, and domestic macro signals will shape the short-term market trajectory. Abhinav Tiwari, Research Analyst at Bonanza, noted that global uncertainties continue to loom large, and traders will closely watch cues from India-US trade negotiations and upcoming economic indicators.

Trade Setup for Wednesday: Key Technical Levels

Rupak De, Senior Technical Analyst at LKP Securities, highlighted that the Nifty 50 has been consolidating within a narrow 150-point range for two consecutive sessions. A bearish engulfing pattern on the daily chart signals a potential pause in the ongoing momentum.

• Support Zone: 25,850
  
  

• If broken: decline may extend to 25,700
  
  

• Resistance Range: 26,000–26,050
  
  

• If surpassed: trend reversal likely
  
  

De further added that the hourly RSI has turned bearish, and the lower-top structure on the charts hints at the initial weakening of the market trend.

Global Market Mood: Trump Tariffs, Fed Cues, and India-US Trade Talks

Weak global sentiment also weighed on domestic equities. Vinod Nair, Head of Research at Geojit Investments, noted that profit-booking after recent gains, a weaker outlook for a U.S. Fed rate cut, and a stronger dollar pressured local markets. Declines in IT, metals, and real estate sectors further dampened sentiment, even as private banks extended some support.

However, improved earnings expectations and progress on the India-US trade agreement may help lift market confidence. Investors are also awaiting this week’s U.S. jobs data, which will influence the Fed's policy stance.

Top Stocks to Buy Today: Analysts Recommend 7 Strong Picks

Leading analysts   Sumeet Bagadia (Choice Broking), Ganesh Dongre (Anand Rathi), and Shiju Koothupalakkal (Prabhudas Lilladher)   have recommended the following seven stocks for intraday traders:

Sumeet Bagadia’s Picks

1. Arvind Ltd

• Buy at: ₹346
  
  

• Target: ₹370
  
  

• Stop-loss: ₹333
  
  

Arvind has surged with strong bullish momentum, closing near the day’s high. Breaking above the 330–335 resistance confirms a continuation pattern. Trading above 20, 50, and 100-EMAs, the stock appears poised for a move toward 370.

2. Gokul Agro Resources Ltd

• Buy at: ₹211
  
  

• Target: ₹226
  
  

• Stop-loss: ₹203
  
  

Gokul Agro has shown a decisive breakout supported by strong volumes. The stock is firmly above all key EMAs, indicating structural strength. Any retracement toward 203–205 may serve as a good accumulation zone.

Ganesh Dongre’s Picks

3. Central Depository Services Ltd (CDSL)

• Buy at: ₹1,605
  
  

• Target: ₹1,645
  
  

• Stop-loss: ₹1,590
  
  

CDSL continues to show a strong bullish trend with firm support at ₹1,590. The reversal from this zone makes it well-positioned for an upswing to 1,645.

4. KFin Technologies Ltd

• Buy at: ₹1,090
  
  

• Target: ₹1,125
  
  

• Stop-loss: ₹1,065
  
  

KFin Tech maintains a strong bullish continuation pattern. A bounce from the ₹1,065 support indicates renewed strength and potential for upward movement.

5. NTPC Ltd

• Buy at: ₹328
  
  

• Target: ₹345
  
  

• Stop-loss: ₹320
  
  

NTPC has displayed consistent strength, and its support at ₹320 remains intact. The chart signals a short-term move toward ₹345.

Shiju Koothupalakkal’s Picks

6. GMR Power and Urban Infra Ltd

• Buy at: ₹131.50
  
  

• Target: ₹140
  
  

• Stop-loss: ₹128
  
  

GMR Power has bounced after consolidating near key moving averages (50-EMA and 200-MA). With RSI strengthening, the stock could see further upside.

7. Thomas Cook (India) Ltd

• Buy at: ₹157.80
  
  

• Target: ₹168
  
  

• Stop-loss: ₹154
  
  

Thomas Cook has formed a double bottom at ₹145 and climbed above its 200-MA at ₹155. RSI is recovering from oversold levels, pointing to more gains ahead.

Market Outlook

Volatility may persist as global and domestic triggers play out, including:

• U.S. jobs data
  
  

• Fed rate expectations
  
  

• Trump tariff developments
  
  

• India-US trade negotiations
  
  

• Gold price movements
  
  

• Domestic earnings upgrades
  
  

For short-term traders, today’s recommended stocks offer opportunities backed by strong technical setups. However, caution is essential given the broader market uncertainty.

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