Nifty 50 Trade Setup & 8 Stocks to Watch on 17 June 2025
Introduction
So, the Nifty 50 is stuck in this weird limbo right now—everyone’s waiting to see what the US Fed does next. It’s like that moment before a big cricket match where no one wants to make a move until the toss happens. Global markets are hanging on every word from Fed officials, and honestly, it’s making Indian equities a bit jittery. But here’s the thing: while the big index is playing it safe, a few stocks are screaming “look at me!” Let’s break down what’s up with the Nifty and check out eight trades that might just be worth your time today.
Nifty 50 Trade Setup: What’s Cooking?
Current Market Mood
The index has been bouncing between 23,200 and 23,600 like a ping-pong ball. No one’s really committing—why would they, when the Fed could drop a bombshell any minute? Until we get clarity on rate cuts, don’t expect any fireworks. Resistance at 23,650 looks solid, but if things go south, 23,100 is the level to watch. That’s where things could get messy.
What’s Driving the Nifty?
- US Fed’s next move: If they sound tough, foreign money might bail. But if they hint at cuts? Party time.
- Israel-Iran drama: Oil prices could spike—bad news for India’s wallet and inflation.
- Homegrown stuff: RBI’s meeting and Q1 earnings are coming up. That’s when we’ll see who’s got real muscle.
Charts Don’t Lie
The RSI’s sitting at 54—smack in the middle, which means no one’s got the upper hand yet. MACD’s trying to turn bullish, but it’s weak. Keep an eye on trading volumes near those key levels. That’s where the real story’ll be.
8 Stocks That Could Make Moves Today
Stock 1: Reliance Industries
Why it matters: Jio just hiked tariffs, and there’s buzz about new energy deals. Trade idea: Buy above ₹2,950 (stop loss at ₹2,880; target ₹3,100). The fundamentals? ARPU’s looking better, and refinery margins aren’t bad either.
Stock 2: HDFC Bank
Why it’s shaky: Banks hate Fed uncertainty, and this one’s feeling it. Trade idea: Sell below ₹1,520 (stop loss at ₹1,550; target ₹1,470). Technically, it’s breaking below its 200-day average—not a good look.
Sector Watch: Who’s Hot, Who’s Not
Banking: Totally at the Fed’s mercy—private banks could bleed if rates stay high. IT: Global tech budgets are tight, so guidance’s weak. Oil & Gas: Middle East tensions might give ONGC and OIL a boost. Risky, but could pay off.
How to Play This Market
- Keep stop-losses tight—1-2% max. This market’s moody.
- Focus on stocks with earnings surprises or sector trends backing them.
- Watch the VIX. If it jumps above 16, buckle up—it’s gonna get bumpy.
Wrapping Up
The Nifty’s going nowhere fast, but that doesn’t mean there aren’t opportunities. Energy and some pharma stocks are showing life. Just keep one eye on the Fed and the other on the Middle East—because either could change the game overnight. And hey, don’t take my word as gospel—talk to a SEBI-certified advisor before jumping in.
Want More?
Fed Rate Decision Deep Dive | Nifty 50 Technical Screener
Source: Livemint – Markets
