Markets Gear Up for FOMC and Q4 Earnings Wave
The upcoming week is packed with crucial macro and micro triggers, with traders at Riddhi Siddhi Share Brokers keeping a keen eye on the FOMC policy outcome on Wednesday, May 7th 2025. Last week’s strong US jobs report showed the economy’s resilience, post President Trump’s “Liberation Day” tariffs. Now, the Federal Reserve is expected to keep rates unchanged, with potential rate cuts anticipated in July.
Financial markets are pricing in a steady outlook for now, but the Fed’s balancing act between inflation control and job creation could be tested further if tariffs disrupt growth.
At Riddhi Siddhi Share Brokers, our market experts believe the bulls may continue to dominate, driven by easing trade war concerns and firm global cues.
Nifty Outlook by Riddhi Siddhi Share Brokers:
- Nifty continues to flirt with 24,500 mark, building on 3 weeks of gains.
- Nifty is up ~2.7% for CY-25, signalling a strong comeback.
- With China’s openness to trade talks and solid US payroll data, sentiment remains positive.
Bottom-Line:
Make hay while the sun shines. Nifty appears ready to rally further, despite the overhang of India-Pakistan border tensions.
Key Earnings to Watch This Week (Q4FY25):
Monday, 5th May: BOMDYEING, COFORGE, INDHOTEL, M&M
Tuesday, 6th May: BANKBARODA, CGPOWER, GODREJCP, HINDPETRO, PAYTM, POLYCAB
Wednesday, 7th May: COALINDIA, DABUR, MRF, TATACHEM, VOLTAS
Thursday, 8th May: ASIANPAINTS, L&T, TITAN, ESCORTS, BIOCON, BRITANNIA
Friday, 9th May: DRREDDY, NAVINFLUOR, BANKINDIA, RPOWER
Nifty Technicals:
| Index | CMP | Support | Resistance | Range | PCR | BIAS |
|---|---|---|---|---|---|---|
| Nifty | 24347 | 24051 / 23722 | 24858 / 25221 | 24122 – 24622 | 1.38 | Positive |
| Bank Nifty | 55115 | 53651 / 51900 | 56500 / 58001 | 53822 – 56301 | 0.90 | Positive |
Trade Setup by Riddhi Siddhi Share Brokers:
- Nifty: Buy between 24275-24295. Targets: 24601 / 24858. Stop-loss: 23991.
Sectors to Watch:
- Bullish: Banks, Realty, Auto
- Bearish: FMCG, Media
Stocks in Focus by Riddhi Siddhi Share Brokers:
Bullish: ZOMATO, SBIN, DLF, IGL, NATIONALUM, HCLTECH, MARUTI, PAGEIND, IEX, COFORGE
Bearish: TATACOMM, PHOENIXLTD, JSWSTEEL, VOLTAS, POLICYBZR, HAVELLS
Fundamental Pick of the Week: Larsen & Toubro (L&T)
CMP: ₹3330
Target: ₹3629 / ₹4000
Horizon: 9–12 Months
Reason to Buy:
- Order inflow crossed ₹1 lakh crore for Q3FY25, YoY growth of 53%.
- Net profit up 14% YoY to ₹3,359 crore.
- Strong global presence and diversified EPC operations.
- Key technical breakout likely above ₹3523 (200 DMA).
Riddhi Siddhi Share Brokers recommends buying on dips in ₹3050–3100 zone, with targets of ₹3523 / ₹3629 / ₹4000. Stop-loss: ₹3000
Disclaimer:
Riddhi Siddhi Share Brokers is an NSE & BSE registered Authorised Person of a leading broker and does not provide investment advisory services. The views above are educational. Investors must consult certified financial advisors and conduct their own research before investing