Nifty Dips as Traders Brace for RBI Policy, Trump Tariff Jitters, and Earnings Swings

Sensex slips, support levels eyed; analysts flag eight stocks to watch ahead of key Wednesday triggers

The benchmark Nifty-50 index ended Tuesday down 0.3%, closing at 24,649.55, weighed down by caution over U.S. tariff threats and anticipation around the RBI’s monetary policy announcement. Markets appeared jittery, with broader indices also slipping slightly. All eyes are now on Wednesday, a day packed with domestic policy cues, global uncertainty, and crucial earnings.

Bank Nifty dropped 0.5% to 55,360.20, while only auto and consumer durables managed to stay afloat. The rest—pharma, FMCG, and IT—saw selling pressure. Mid- and small-caps also wobbled, losing between 0.16% and 0.39%.

Traders Lock Eyes on Nifty’s Swing Zones

Analysts suggest that the Nifty may continue to trade within a defined band unless fresh cues emerge.

The recent swing low of 24,535 is expected to act as an immediate support zone, according to Nandish Shah from HDFC Securities. On the flip side, hurdles lie at 24,785 and 24,950. Basically, it’s a tightrope for bulls and bears alike.

For Bank Nifty, technical cues are also clear. Rajesh Bhosale from Angel One pegs support at ₹55,000–₹54,800. Resistance? Somewhere between ₹55,700 and ₹56,000. Traders are expected to watch these bands closely in the first half.

One-liner?
Price action is everything right now.

What RBI Will Say — Or Not Say — Is Key

With the Reserve Bank of India’s MPC announcement due Wednesday, most experts aren’t betting on any fireworks.

Siddhartha Khemka from Motilal Oswal believes the central bank is likely to maintain status quo on repo rates, even as inflation edges higher in some pockets.

But here’s the twist:
Markets might still move big.

Why? Not the rate decision, but the commentary around liquidity, bond yields, and whether the RBI hints at any intervention down the road. Traders will scrutinize every syllable.

Q1 Earnings: The Wildcard Factor

Wednesday is also loaded with earnings from major names. These results can swing individual stocks and entire sectors.

Some big players reporting include:

• Bajaj Auto

• Hero MotoCorp

• Trent

• Divi’s Laboratories

What to expect?
Investors are hoping for solid bottom-line growth, especially from auto and pharma. Mid-caps might be more volatile though, especially those exposed to global demand.

And don’t forget: earnings surprises—good or bad—can spill over into index sentiment too.

The Trump Tariff Effect Lingers

The elephant in the global trading room?
Trump’s latest threat to reimpose tariffs on China and possibly others if elected.

Even though this is still campaign talk, the street isn’t ignoring it. Global fund flows are cautious. European and Asian markets have also been choppy.

Risk appetite has taken a backseat. That’s partially why IT stocks dipped on Tuesday—they’re seen as vulnerable to U.S. policy shocks.

Here’s a quick pulse check:

Global volatility is back in the driver’s seat.

Eight Stocks That Have Analysts Buzzing

If you’re hunting for short-term trades, market pros have flagged eight stocks that could offer opportunities today. Some are bouncing off key support levels, while others are flashing breakout signals.

Here’s a quick look:

• Jindal Steel & Power Ltd
  Buy at ₹999.8 | Target: ₹1070 | Stop-loss: ₹964

• Eicher Motors Ltd
  Buy at ₹5681 | Target: ₹6078 | Stop-loss: ₹5482

• Mazagon Dock Shipbuilders Ltd
  Buy at ₹2848 | Target: ₹2940 | Stop-loss: ₹2780

• Lodha Developers Ltd
  Buy at ₹1234 | Target: ₹1300 | Stop-loss: ₹1200

• Canara Bank
  Buy at ₹108 | Target: ₹115 | Stop-loss: ₹103

• Apollo Micro Systems Ltd
  Buy at ₹178.8 | Target: ₹192 | Stop-loss: ₹174

• CG Power and Industrial Solutions Ltd
  Buy at ₹680 | Target: ₹720 | Stop-loss: ₹665

• Sharda Cropchem Ltd
  Buy at ₹1130 | Target: ₹1180 | Stop-loss: ₹1105

This list, compiled from the recommendations of Sumeet Bagadia (Choice Broking), Ganesh Dongre (Anand Rathi), and Shiju Koothupalakkal (Prabhudas Lilladher), focuses mainly on technically strong plays with clear breakout potential.

Not every name on the list is trending on social media. But technically? They’re showing strong setups.

What’s Next for Traders?

Honestly, Wednesday is stacked. Markets might swing sharply even if the RBI keeps things unchanged.

Here’s what will likely move the needle:

• Tone of RBI commentary

• Q1 results surprises

• Any global headlines around trade or oil

• Intraday breakouts above Nifty resistance at 24,785 or breakdown below 24,535

Volatility is back, and traders might not want to blink.