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.


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.


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.


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


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


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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