Stock Market Today: Nifty 50 Trade Setup, RIL AGM Highlights, Trump Tariffs – Six Stocks to Watch

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Nifty 50 outlook for Friday amid global cues, Reliance AGM updates, and Trump tariff concerns. Here’s the trade setup and six stocks to buy or sell today.

Stock Market Today: Trade Setup for Nifty 50, RIL AGM to Trump Tariffs; Six Stocks to Buy or Sell on Friday

Indian equities are set for a volatile trading session on Friday as a mix of global and domestic factors influence investor sentiment. From the Nifty 50’s technical setup to the Reliance Industries Annual General Meeting (AGM) highlights and the impact of U.S. trade policies under Donald Trump, traders have plenty to watch before entering the market. Here’s a detailed look at the trade setup and six stocks to consider for buying or selling today.

Global Market Cues

Wall Street ended mixed overnight as traders weighed the impact of Trump’s renewed tariff policies on imports, particularly from Asia. Asian markets opened weak, with most indices trading lower amid concerns over global trade disruptions. Crude oil prices also remained firm, adding to inflationary worries.

For Indian markets, this sets the stage for a cautious opening, with global volatility expected to spill over into domestic equities.

Domestic Market Drivers – RIL AGM in Focus

Back home, the spotlight remains on Reliance Industries’ Annual General Meeting (AGM). Key takeaways from the AGM include:

  • Renewed focus on the oil-to-chemicals (O2C) business, especially its Russian crude strategy.
  • Strong growth outlook for Jio Platforms with AI-driven services.
  • Expansion plans in green energy and retail segments.

Reliance stock will likely remain in focus, with investors reacting to these updates.

Nifty 50 Technical Setup

The Nifty 50 closed Thursday around the 24,100 level, consolidating after a strong rally earlier in the week. Technical indicators suggest a range-bound move unless a breakout occurs.

  • Support levels: 23,950 and 23,800
  • Resistance levels: 24,250 and 24,400

A sustained move above 24,250 could trigger further upside, while a fall below 23,950 may invite selling pressure. Traders should remain alert to intraday volatility.

Key Factors to Watch

  1. RIL AGM developments – Stock-specific moves could impact broader indices.
  2. Trump tariff headlines – Any new announcements could weigh on global sentiment.
  3. Crude oil prices – Higher oil prices may pressure energy-intensive sectors.
  4. FII flows – Recent foreign inflows have supported the market, but risk-off sentiment could reverse this trend.

Six Stocks to Buy or Sell Today

Based on technical charts and fundamental triggers, here are six stocks in focus for Friday’s trade:

1. Reliance Industries (RIL) – Buy

  • Support at ₹2,720, resistance at ₹2,820.
  • Positive AGM outlook and stable O2C margins could lift the stock.

2. Tata Motors – Buy

  • Strong demand in passenger vehicles and EV segment.
  • Support at ₹985; resistance at ₹1,020.

3. HDFC Bank – Sell

  • Facing pressure from muted loan growth and NIM concerns.
  • Break below ₹1,530 could trigger further downside.

4. Infosys – Buy

  • Benefiting from AI-driven IT demand.
  • Support at ₹1,640, resistance at ₹1,700.

5. NTPC – Buy

  • Strong renewable pipeline; defensive bet amid market volatility.
  • Support at ₹370; resistance at ₹390.

6. Maruti Suzuki – Sell

  • Weak rural demand may weigh on near-term performance.
  • Support at ₹11,400; resistance at ₹11,700.

Market Outlook

Friday’s trading session is expected to be volatile but opportunity-driven. While global trade tensions and higher crude prices pose risks, domestic triggers like the Reliance AGM could provide stock-specific opportunities. Nifty traders should watch the 24,250 resistance zone for potential breakout moves.

Short-term investors can look for opportunities in large-cap leaders like Reliance, Infosys, and NTPC, while staying cautious on banking and auto names under pressure.

Final Thoughts

The stock market today will be influenced by a blend of global trade concerns and domestic corporate events. With the Nifty 50 near key resistance, traders should adopt a cautious but selective approach. Reliance Industries, backed by its AGM announcements, may lead the charge, while IT and energy names could provide support. However, pressure on banks and autos suggests a stock-specific strategy is best for Friday’s trade.

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