Nifty 50 Trading Range: Top Stocks Update, Trump Tariff Letter Impact, Global Cues & Strategy Outlook

Track Nifty 50’s latest trading range, updated top stock prices, Trump’s tariff letters to 12 nations, GIFT Nifty outlook, US Futures & ASEAN cues. A must-read for traders & investors.

Nifty 50 Snapshot (As of Latest Trading Day)

• Index Value: ₹25,461.00

• Change: +55.70 (+0.22%)

• Current Range: Strong support near 25,300 and resistance around 25,700–25,800

The Nifty 50 continued to exhibit tight but bullish momentum as global cues and stock-specific buying guided the markets on July 7, 2025. With India Inc. preparing for the Q1 results season, the sentiment remains moderately positive.

Top 10 Nifty 50 Stocks: Price, Weightage, 20DMA & RSI

Stock	Price (₹)	NSE Weight (%)	20DMA (₹)	RSI	Trend
HDFCBANK	1989.30	13.19%	1972.45	55	Neutral to Bullish
ICICIBANK	1442.80	8.91%	1395.10	61	Bullish
RELIANCE	1527.30	8.79%	1502.80	58	Neutral
INFY	1640.70	4.99%	1594.60	64	Bullish
BHARTIARTL	2017.20	4.74%	2025.00	47	Mildly Bearish
LT	3594.60	3.73%	3532.80	60	Bullish
ITC	412.55	3.35%	415.10	49	Sideways
TCS	3419.80	3.06%	3371.00	59	Bullish
AXISBANK	1177.60	2.97%	1152.30	63	Bullish
KOTAKBANK	2129.80	2.75%	2118.00	51	Rangebound

Note: RSI ranges from 0 to 100. Above 70 = overbought, below 30 = oversold. Range 50–65 typically shows healthy bullishness.

Global Market Cues: US Futures, ASEAN, GIFT Nifty

🔹 US Futures (as of early trade):

• Dow Jones Futures: Slightly negative

• Nasdaq Futures: Holding mild gains

• S&P Futures: Mixed signals

🔸 ASEAN Markets:

• Nikkei: Green

• Hang Seng: Mildly positive

• Straits Times: Stable

• Jakarta Composite: Slightly in the red

🇮🇳 GIFT Nifty (India’s offshore indicator):

• Flat to mildly bullish, indicating a likely gap-up or stable Nifty opening for the next session.

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Trump’s “Tariff Letter” Strategy: Global Impact

Former President Donald Trump has signed what he calls a “take-it-or-leave-it” tariff letter for 12 countries, including close trade partners. The offer reportedly includes:

• 20% base tariffs on selected imports

• A review clause every 4 years

• Unilateral exemption rights for U.S. economic security interests

While aimed at strengthening American manufacturing, global markets see it as protectionist and disruptive to supply chains — especially electronics, auto, and pharma sectors. Indian markets remain alert, particularly export-reliant sectors like IT and pharma.

“Markets don’t react to noise — they respond to trend certainty. And Trump is introducing fresh uncertainty,” said a senior fund manager at Kotak AMC.

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Technical Analysis: Nifty 50 Trading Range

🔸 Key Levels:

• Resistance: 25,700 – 25,800

• Support: 25,300 – 25,200

• Volatility: Mild, VIX under 13

🔹 Moving Averages:

• 20 DMA: Holding above 25,300

• 50 DMA: Uptrend slope sustained

• RSI: 62 – Neutral to Bullish

 The Nifty is consolidating near its all-time high, but it’s respecting support zones. As long as it stays above 25,300, buy-on-dip strategies remain valid.

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Sectoral Insight: Banks, IT, and FMCG

Banking:

• Strong moves in ICICI Bank (+1.19%) and Axis Bank (+0.56%)

• Underperformance by KotakBank (+0.15%)

Outlook: Remains robust, with rising credit growth and steady NPAs.

IT Sector:

• Infosys leads with +1.36% on strong US order book sentiment

• TCS also sees buying at 3419.80 (+0.56%)

Outlook: Benefiting from US demand resilience.

FMCG & Defensive:

• ITC fell slightly; it remains under pressure due to muted rural demand

• Sector rotation into capital goods, infra & auto

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What Should Traders Do Now?

🔹 Intraday:

• Focus on breakout trades above 25,700

• Watch banks (especially ICICI and Axis) for momentum

• Avoid shorts unless Nifty breaks 25,250 decisively

🔸 Swing:

• The ideal time to accumulate on dips

• IT, Infra & Largecap banks remain favorable sectors

• Keep tight stop losses, especially with the US political overhang

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Author's Note

Nifty’s climb is not just a domestic story — it reflects India’s growing insulation from global volatility. However, with events like Trump’s tariff push and ASEAN trade concerns, global caution remains warranted. Stay updated, stay disciplined.

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