The Tuesday trading session in the Indian equity markets was a comeback day for the Bulls with a strongly positive closing above 14800 Nifty Levels.
The markets opened gap up as was expected on positive global cues and was slowly but surely inched upwards every half an hour till the closing bell.
The bank Nifty started strongly along with I.T. Sector and the Bears didnt get a chance to pull the markets downwards.
The banking sector was lead by HDFC Bank which gained 4 percent.
The Technology sector was lead by the Major stocks like Infosys ,TCs, Co-forge, HCL Tech (+3.91 percent) all of them with nearly 4 percent gain.
Hindustan Unilever Ltd (3.59 percent) and NTPC (3.4 percent) Nestle also contributed to the upmove on Tuesday .
On the Losing side were M&M, Axis Bank and Bharti Airtel . Over all it was a day when the Bulls strongly made a comeback in the April Series from the weak March Series. Strong buying was seen in IT, metals, pharma and FMCG Sector. With the Exception of Realty Sector, most of the key sectoral indices ended in the green today.
The Nifty finally closed strongly at 14,845(+337),the BSE Sensex at 50,136 (+1128) and the bank nifty at 33875 (+556).
The Foreign institutional investors bought on Tuesday Rs 769 Crores whereas Domestic institutional investors sold Rs 2181 Crores.
FII’s resuming to buy will be a big positive for the upmove in the markets . Most analysts are expecting the markets upwards towards 15250 nifty levels.
The U.S. Markets closed on Friday with strong positive cues as Dow Jones closed in at 33,066( -104) , S&P at 3958 (-12 ) whereas NASDAQ closed in at 13045 (-14).
For the coming week, most analysts believe that Indian markets will be trending upwards if the Foreign institutional investors continue buying and there is positive global cues.
Most experts expect that with FII’S starting to buy again, the indices will continue to trend upwards for the coming few days .
Stocks to watch out for this Wednesday Morning in the Indian Equity Markets
There seems to be a possibility of the banking and financial sector bouncing bank to higher levels as they showed tremendous strength in Tuesday’s Trading Session. The I.T Sector and Metals also will be keenly watched by the traders since both the sectors showed tremendous strength on Tuesday.
Private banks like HDFC Bank , ICICI Bank, Bandan Bank, Indusind Bank , Kotak Bank , Axis Bank, Federal Bank, will look to consolidate and move further up.
PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda did see some strength on Tuesday and is likely to go up further in the coming days
NBFC’S – Bajaj Finance , Mahindra and Mahindra Financial Services, PEL, Bajaj finserve, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, Co-forge and HCL Tech are looking very strong and these stocks can move up quickly.
The Mid- Cap I.T. Stocks like Mastek, Intellect Design, Sonata Software also can be watched keenly for any upwards move in the days to come.
Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to gain from here as the broader market looks to maintain the upwards momentum from Tuesday’s session.
Pharma stocks like Divi’s Lab , Dr Reddy’s, Lupin, Cipla, Sun Pharma, and Cadila are expected to give good returns in the short term.
The general Sentiments in the market seemed to have turned positive again with the Fii’s resuming buying on tuesday and traders will be looking for global cues to take the markets to new highs in the coming week.
The stocks to keep an eye on in the Indian equity markets will be the I.T Sector, Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: HDFC Bank , Bandhan Bank, Indusind Bank, Axis Bank, ICICI Bank.
#5 NBFC Stocks: Bajaj Finance, HDFC LTD, IBull Housing, Shriram Transport, Bajaj Finserve.
# 5 Pharma Stocks: Cipla, Lupin, DrReddy’s, Divi’s Lab, Sun Pharma.
#5 Information Technology Stocks: Co-forge , Tech Mahindra , TCS, HCL TECH, Wipro.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
Chola Finance , Shriram Transport ,Reliance , Asain Paints, Tata Power , Rbl Bank , L&T, , Tata Motors , Deepak Nitrate, Ashok Leyland, Adani Port.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
31st March Stock Picks — Chola Finance , Shriram Transport , Tata Motors).
( Watch YouTube Video Analysis here – https://youtu.be/wpXQrwKli00 )
After a positive day of trading on Tuesday , the view is that the Indian equity Markets is that the bulls seems to be back. There can be a period of consolidation before an upmove in the coming days.
Most Analysts expect the markets to reach new highs in this April expiry.
Best wishes for a Profitable Wednesday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
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Cheerful Trading !!
