Stock market today: Nifty 50 trade setup, RBI MPC, Trump tariffs, and Q1 results; eight stocks to purchase or sell on Tuesday

 Stock market today: There may be a short-term recovery in the benchmark Nifty-50 index. It may move toward 24850/25000 on the higher end. According to experts, support on the lower end is situated at 24650/24500.

Stock market today: The benchmark Nifty Index ended the day at 24,722.75, up 0.64%, signaling a successful start to the week. In contrast, the Bank Nifty ended the day flat at 55,619.35. Real estate, autos, and metals were among the main winners. Even the mid- and small-cap stocks moved up 1.27–1.4% in the overall indices.

Tuesday’s Trade Setup

There may be a short-term recovery in the benchmark Nifty-50 index. It may move toward 24850/25000 on the higher end. According to Rupak De, Senior Technical Analyst at LKP Securities, support is situated at 24650/24500 on the lower end.

Amid waning momentum, the Bank Nifty is currently close to a critical support zone. According to Reliance Securities, a decline below 55,500 might prolong the decline toward the 55,000–54,700 levels.

Today’s world markets and Q1 findings

According to Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, investors are currently awaiting important global macro data, such as the US Services and Manufacturing PMI, which is due tomorrow, as well as significant earnings from Bharti Airtel, Adani Ports, Prestige Estates, Bharti Hexacom, and Lupin. These are expected to influence stock-specific action prior to the RBI’s policy outcome.

RBI MPC meeting

On August 4, 2025, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), chaired by Governor Sanjay Malhotra, began its three-day session. On Wednesday, August 6, the results of this crucial meeting will be made public. Everyone is watching to see if the MPC will choose to pause or cut rates again as it manages a volatile global environment and a changing domestic growth-inflation equation.

Stocks to purchase today

The following eight intraday stocks were suggested by market experts: Transformers and Rectifiers (India) Ltd., Netweb Technologies India Ltd., State Bank of India, Bharat Electronics Ltd., CCL Products (India) Ltd., Godawari Power and Ispat Ltd., and Computer Age Management Services Ltd. Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher.

Sumeet Bagadia’s stock picks

1. Transformers and Rectifiers (India) Ltd (TARIL)—Bagadia recommends buying TARIL at around ₹558, keeping Stoploss at ₹537 for a target price of ₹600.

TARIL, which is presently trading at ₹558 levels, performed admirably during today’s session. On the daily chart, TARIL has finally broken out with a strong bullish candle following weeks of sideways consolidation. The price range of ₹500–530, which served as a supply zone in the past, is where the current breakout originated.

2. Netweb Technologies India Ltd (NETWEB)—Bagadia recommends buying NETWEB at around ₹2313, keeping Stoploss at ₹2215 for a target price of ₹2475.

NETWEB saw a strong up move during today’s session and is currently trading at 2313 levels. In addition to the price action, today’s bullish candle is noteworthy for the volume spike, which is the highest in recent sessions. The strength and conviction behind the up-move, which is frequently regarded as a sign of institutional participation, are confirmed by this volume surge.

After a protracted period of consolidation, the stock showed strength by decisively breaking above all major moving averages.

Ganesh Dongre’s stocks to buy today

3. State Bank of India—Dongre recommends buying State Bank of India or SBIN, at around ₹795, keeping stop-loss at ₹785 for a target price of ₹812

The stock is trading at ₹ 795 with a strong bullish pattern, indicating sustained investor interest and positive price momentum. Its support base at ₹ 785 suggests a reversal from this level, reinforcing bullish sentiment. Entering at ₹ 785 with a stop-loss offers a strategic opportunity.

4. Bharti Airtel Ltd—Dongre recommends buying BHARTIARTL at around ₹1915, keeping Stoploss at ₹1885 for a target price of ₹1965

The stock, currently priced at ₹ 1915 and maintaining support at ₹ 1885, is showing a bullish pattern, offering a potential price retracement towards ₹ 1965. Using a stop-loss at ₹ 1885 is prudent.

5. Bharat Electronics Ltd (BEL)—Dongre recommends buying BEL at around ₹389, keeping the stop loss at ₹380 for a target price of ₹403

The stock is showing a strong bullish pattern, offering a promising opportunity for short-term traders. Priced at ₹ 398, it’s maintaining support at ₹ 380, with potential for price retracement towards ₹ 403.

Shiju Koothupalakkal intraday stocks for today

6. CCL Products (India) Ltd-Koothupalakkal recommends buying CCL PRODUCTS at around ₹927 for a target price of ₹970, keeping the stop loss at ₹910.

With bullish candle formation supporting the bias, the stock has shown a strong breakout above the ₹915 level, and we can anticipate more growth in the upcoming sessions. The RSI has shown a sharp increase and has a lot of potential to continue the upward trend in the future. Technically, the chart appears appealing, so we advise purchasing the stock.

7. Godawari Power and Ispat Ltd-Koothupalakkal recommends buying GODAWARI POWER at around ₹196 for a target of ₹207, keeping the stop loss at ₹92

With a positive candle formation to strengthen the bias, the stock has seen a notable pullback from the intersection of the 50 EMA and 200-period MA zone at the ₹190 level. We anticipate a further upward move in the upcoming sessions. We advise purchasing the stock because the RSI is currently in a good position and has shown a buy signal with respectable volume participation to expect a further rise. The chart also looks technically sound.

8. Computer Age Management Services Ltd-Koothupalakkal recommends buying CAMS at around ₹3798 for a target price of ₹3950, keeping the stop loss at around RS 3730

With a bullish candle formation on the daily chart taking support near the ₹3630 level to improve the bias, the stock has recovered significantly after seeing some decent erosion. We can anticipate more gains in the upcoming sessions. The RSI has a lot of upside potential to continue the positive move further ahead because it is situated close to the oversold zone, which indicates a buy signal. We advise purchasing the stock because the chart appears to be technically sound.

Disclaimer: The opinions and suggestions expressed above are not those of Times of Dalal Street, but rather those of specific analysts or brokerage firms. Before making any investment decisions, we encourage investors to consult with qualified professionals.