The Indian Equity Markets opened positive and did consolidate in the early morning session. Then the volatility did suddenly happen in the afternoon session. Many Stocks gave up the morning gains and did slide down to close in the negative zone from the morning highs.
PowerGrid, IndusInd Bank, Reliance, L&T, UltraTech Cement, and Bajaj Finance were the main losers on Wednesday.
Nestle, NTPC, ONGC, Bajaj Finserv Hindustan Unilever and Infosys were among the gainers on a day of volatile trading session on wednesday.
Finally at Closing Bell on the Wednesday’s volatile trading session, the Nifty at 15,767(-101) whereas the Sensex ened at 52,501(-271).
Most analysts believe that the traders and investors were more concerned about the US Federal reserve meeting which will get over on Wednesday .
The Markets on Thursday will be looking for cues from Global Markets to decide which way the markets will turn in the coming days.
The Foreign institutional investors Sold on Wednesday Rs 870 Crores while the Domestic institutional investors Sold Rs 874 Crores.
FII’s resuming to buy in a big way will help the bulls to make a move towards 16000 nifty levels.
Most experts expect the indices to continue to be positive with the expiry expected at 15800 Nifty levels.
There seems to be a possibility of the Banking, I.T., Pharma Sector, going up in the coming days.
PSU Banks like SBI, Canara Bank, Bank of Baroda can be accumulated in SIP manner for decent gains in near future.
The private banks like RBL Bank, Axis Bank, HDFC Bank, Icici Bank, Federal Bank, Indusind Bank will move up in case of any positive triggers.
NBFC’S –India Bulls Housing Finance, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
The I.T Majors are looking to bounce back in the coming days. Mid-cap I.T stocks are likely to continue to regain some strength n Thursday.
Amongst other stocks, Tata Motors, Ashok Leyland, Tvs Motors will be on the radar of traders.
Pharma stocks like Sun Pharma, Cadila, Dr. Reddy’s, Lupin, Divi’s Lab, Cipla, are expected to do good in the near term.
The market seemed to have turned volatile with bullish sentiments intact and the traders will be looking to take nifty upwards to 15700-15800 Levels.
The stocks to keep an eye on in the Indian equity markets will be the Banking, I.T Sector, Pharma Sector Stocks.
# 5 Banking Stocks: Axis Bank, Icici Bank, Federal Bank, Indusind Bank, Kotak Bank.
#5 NBFC Stocks: HDFC LTD, India Bulls Housing Finance, Bajaj Finserve, Bajaj Finance, PEL.
# 5 Pharma Stocks: Lauras Labs, Cadila, Cipla, Dr Reddy’s, Sun Pharma.
#5 Information Technology Stocks: Mastek, HCL Tech, Infosys, TCS, Co- Forge.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets:
Mastek, Deepak Nitrate, JSW Steel, Reliance, Tata Motors, ,Graphite, Eicher Motors, Hindalco, India Bulls Housing LTD, M&M..
The view in the Indian equity Markets is that the volatility in the markets will remain due to expiry.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
17th June Stock Picks —Bajaj Auto, Bajaj Finance, HDFC Bank
( Watch YouTube Video Analysis here–https://youtu.be/O2r5v5o5ZyU )
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Cheerful Trading !!
