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Posted on  August 26, 2021 under  by Team Lakshmishree

Indian Stock Market Outlook 27th August 2021 - Friday

Will the Bulls be able to take the momentum further upwards towards Nifty 16700 ??

The Thursday expiry trading in the Indian equity markets started with Nifty opening in the positive zone. Then nifty did trade sideways for a long time.

Reliance Industries, M&M, HCL Tech, Axis Bank, ICICI Bank, and HUL were the top gainers in trade on Thursday’s expiry sessions.

On the other hand, Bharti Airtel, Maruti, SBI, PowerGrid, NTPC, and Tata Steel were among the losers.

Equity benchmarks Sensex and Nifty ended on a flat note on Thursday as monthly derivatives expired amid a weak trend in global markets.

The  Nifty advanced 2.25 points to its fresh closing peak of 16,636

The BSE Sensex ended just 4 points higher at 55,949.

It was observed that during the afternoon session, markets attempted a comeback following buying in blue-chip stocks from across various sectors.

 US equities markets closing on Thursday will be crucial for Indian equity markets on Friday's reaction to  Fed Chairman Jerome Powell's speech on Friday at the Jackson Hole Symposium.

Fii’s and Dii’s buy /sell figures on Thursday

The Foreign institutional investors sold Rs. 1974 crores while the Domestic institutional investors bought Rs. 1055 crores.

The FII’s resuming to buy in a big way will help the bulls to make a move towards 16500-600 nifty levels soon.

Analysis for Indian Stock Market for Friday’s Trading

Most experts expect the Indian Stock Market to continue to be upwards with the Friday being expected at 16500-600 Nifty levels.

Stocks to watch out for this Friday Morning in the Indian Stock Market

There seems to be a possibility of the Banking & Financials, I.T., Pharma Sector, going up in the coming days.

Banking and Financial Sector

HDFC Bank, Icici Bank, Federal Bank, Indusind Bank will move up in case of any positive triggers.

 NBFC’S – HDFC Ltd, India Bulls Housing Finance, PEL, Bajaj Twins, Shriram Transport Finance will be under the radar of the traders.

Banks like SBI, Canara Bank, Bank of Baroda can be accumulated in a SIP manner for decent gains in near future.

Technology Sector

The I.T Sector delivered better than expected results and this is helping the markets to hold on to the positive sentiments.

Pharma stocks

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 be turning Bullish on global cues and the traders will be looking to take nifty upwards to 16500 Levels.

The Stocks to watch out for in the Indian stock market

The stocks to keep an eye on in the Indian stock market will be the Banking Sector, I.T Sector, Pharma Sector Stocks.

Keep these stocks under your radar for Trading and investments on Friday

# 5 Banking Stocks: Icici Bank,  Federal Bank, HDFC Bank, Indusind Bank, RBL Bank.

#5 NBFC Stocks:  HDFC LTD, India Bulls Housing Finance, Bajaj Finserve, Bajaj Finance, PEL.

# 5 Pharma Stocks:  Granules, Lupin, Cipla, Dr. Reddy’s, Sun Pharma.

#5 Information Technology Stocks:  Mastek, TCS, Mphasis, Infosys, LTTS.

#10 Other Main Stocks to watch out for on this Friday Morning in the Indian Equity Markets:

Granules, Tata Chemical, Deepak Nitrate, JSW Steel, Reliance, Tata Motors, Munjal Auto, Sail, Arti Surfactants, PI Industries.

Trading View for Indian stock market this Friday Morning

The view in the Indian stock market is that the volatility in the markets will remain.

#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-

27th August Stock Picks —Axis Bank, DLF, ICICI Bank, Maruti.

 Watch YouTube Video Analysis here–https://youtu.be/B-7NNY3Z9BY

Best wishes for a Cheerful Friday in the Indian stock market!

Written by Team Lakshmishree

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