The Indian Equity Markets opened positive in the early morning Friday session. After starting the day in the Positive zone, the selling pressure by the FII's brought the nifty towards the lower end of the range of 18050-18400 trading range.
ITC, Maruti, Infosys, NTPC, HCL Tech and Tata Steel were the main losers in trade on a day of high volatility on Friday in the Indian equity markets.
On the other hand, HDFC, Bajaj Auto, IndusInd Bank, Kotak Bank, Titan, and Axis Bank were among the gainers.
After starting the day in a slightly positive zone, the volatility did increase lots with ups n downs happening frequently throughout the day. The Indian equity markets finally ended in a negative zone with Nifty finally ending at the closing bell at 18144(-63) levels whereas the Sensex closed at 60,821(-101)
Market analysts believe that domestic headwinds like rising commodity inflation will impact the margins of firms.
The Sustained selling by institutions -- and FIIs -- indicates that smart money regards the market as overheated and overvalued.
The Foreign institutional investors Sold on Friday Rs2697 Crores on whereas Domestic institutional investors bought Rs 1029 Crores.
The FII’s resuming to buy will be a key trigger for the up move in the markets. Most analysts are expecting the markets upwards towards 18300-18400 Nifty levels in the near term if the FII resume to buy.
The Positive Global cues from Friday closing will help the Indian markets to open gap up. Most experts expect that if FII’s continue to buy, the indices will go upwards in the coming few days.
The Banking, Metals & Pharma sectors will be keenly watched by the traders.
There seems to be a possibility of the Banking, I.T, Sector bouncing back to higher levels.
NBFC’S – PEL, Bajaj Finance, Mahindra, and Mahindra Financial Services, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
Private & PSU banks like Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, RBL, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
The I.T Stocks like INFOSYS, TCS, Mphasis Tech Mahindra, Wipro, Co-Forge, Mastek can move up quickly.
The Mid- Cap & Small Cap I.T. Stocks like LTTS, L&T Infotech, Zensar Tech, KPIT TECH, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the coming days.
Pharma stocks like Sun Pharma, Granules, Wockhardt, Glenmark Pharma, Lupin, Divi’s Lab, Cipla, are expected to give good returns in the short term.
The general Sentiments in the market appear to have turned Bullish for Monday. The traders will be looking for global cues for direction in the days to come.
The stocks to watch in the Indian equity markets will be the Banking Sector, Metals Sector, PSU Sector, NBFC Sector, I.T Sector, Pharma Stocks, FMCG Stocks, and Cement Sector Stocks.
# 5 Banking Stocks: Bank of Baroda, RBL Bank, ICICI Bank, Hdfc Bank, IDBI Bank.
#5 NBFC Stocks: PEL, Bajaj Finserve, HDFC LTD, Bajaj Finance, IDFC LTD,.
# 5 Pharma Stocks: Dr. Reddy's, Divi’s Lab, Granules, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: HCL TECH, L&T infotech, Masteck, Wipro, Infosys.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Canara Bank, Bank of Baroda, SRF, Fine Organics, Arti Surfactants, TATA Steel, Ashok Leyland, Tata Chemical, Tata Motors, Idfc Bank.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
25th October Stock Picks — DLF, HDFC LTD, SBIN
Watch YouTube Video Analysis here--https://youtu.be/_sb1nvKlt_Q
The General view of most analysts is that the Indian equity markets are at a decisive level at 18100 for a take-off towards higher levels for this October SERIES.
Most Analysts expect the markets to be above 18300-18400 levels for October Expiry.
Best wishes for a Profitable Monday in the Indian Equity Markets!
INDIAN EQUITY MARKETS THIS Monday MORNING!
Best Wishes For A Cheerful Monday In The Indian Equity Markets !!
