Nifty is likely to take over the negative baton from yesterday’s weak close as bears aim to ring gains for 3rd successive trading session.

Blame it on Trump announcing a 35% tariff on Canadian imports starting August 1 and hinted at blanket duties of 15 to 20 percent on most trade partners, reigniting fears of a global trade war.

The street will also react to first-quarter performance of India’s largest IT services provider, Tata Consultancy Services (TCS), which continued to reflect the impact of macroeconomic uncertainty and slow discretionary spending.

Technically speaking, Nifty’s biggest support seen at 25221 mark and then all eyes will be on the psychological; 25000 mark.

That said, confirmation of strength only above the Nifty 25670 mark.

Long story short: Proceed with caution at Dalal Street.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-119, 25303)
Dow Futures: (-138, 44513)
Nasdaq 100 Futures (-33, 22796)

Nikkei (-63, 39583)
Hang Seng (+306, 24334)

Dollar Index (+0.23%, 97.83)
WTI OIL (+0.43%, 66.85)
Gold (+11, 3336)

Securities in Ban for Trade Date: Thursday, July 10th 2025

RBL BANK
HINDUSTAN COPPER

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

🇮🇳 🇮🇳 🙏🏻

*As of writing, the big trading theme revolves around 3-catalysts:

1) Tariff threats.
2) ‘Fed Minutes from the June 17-18 FOMC Meeting Minutes point to lower inflation ahead’
3) TCS officially sets afire the ceremonial starters pistol for Q1 earning season on July 10th after market hours. TCS press conference is likely at 5:30 pm

Technically speaking, at the moment, Nifty is aiming for its all-time-high at 26277.35 mark, and we suspect the benchmark could break-out even higher with a little bit of good news.

That said, confirmation of strength only above the Nifty 25670 mark.

The biggest support to watch on Nifty is placed at 25221 mark.

Long story short: Proceed with caution at Dalal Street.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+5, 25535)
Dow Futures: (-97, 44362)
Nasdaq 100 Futures (-44, 22821)

Nikkei (-245, 39576)
Hang Seng (+12, 23903)

Dollar Index (+0.10%, 97.38)
WTI OIL (+0.03%, 68.21)
Gold (+7, 3319)

Securities in Ban for Trade Date: Thursday, July 10th 2025

RBL BANK
HINDUSTAN COPPER

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

🇮🇳 🇮🇳 🙏🏻

*As of writing, the big question on every investors mind:

Can Trump tariff threat ruin the party at Dalal Street?

As of writing, US-India, trade deal is yet to be out…

Meanwhile, reports suggests, Trump stands firm on August 1st deadline. ‘No Extensions’.

Please note, Donald Trump has warned that the BRICS countries (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates) with 10% additional tariff.

The biggest support to watch on Nifty is placed at 25221 mark.

Long story short: Proceed with caution at Dalal Street as Trump Reboots the Tariff Trade.

Technically speaking, confirmation of strength is only above the 25670 mark.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (-13, 25591)
Dow Futures: (-22, 44219)
Nasdaq 100 Futures (+7, 22710)

Nikkei (-24, 39664)
Hang Seng (-191, 23957)

Dollar Index (+0.11%, 97.68)
WTI OIL (+0.03%, 68.21)
Gold (-10, 3290

Securities in Ban for Trade Date: Wednesday, July 9th 2025

RBL BANK

This week, the spotlight will be also on other 2-catalysts:

1) The release of the FOMC minutes on July 9th
2) TCS officially sets afire the ceremonial starters pistol for Q1 earning season on July 10th.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

🇮🇳 🇮🇳 🙏🏻