The Indian Equity Markets opened down in the early morning Friday's session. After Trending downwards for a couple of hours, the Indian equity markets recovered to close with some strength on both the Nifty and Bank Nifty. Positive Global closing on Friday night will help the Indian equity markets to open gap up on Monday Morning.
Bajaj Auto, TCS, HDFC Bank, Axis Bank, Reliance Industries, and Tech Mahindra were the main losers on the Friday trading session.
On the other hand, Tata Steel, Bajaj Finserv, Bharti Airtel, and NTPC were among the gainers.
After starting the day in the negative zone and sliding downwards towards 15640, Nifty made a smart recovery towards 15740 levels before finally ending the day at 15689. The Sensex closed at 52,386(-182)
Most analysts feel that while visible improvement in business momentum with ease of business curbs by states started offering comfort, the recent uptick in daily caseload and increasing positive rate could be a near-term risk for the Indian equity markets.
The midcap and smallcap indices continued to outperform as improved earnings visibility attracted investors towards them.
Most analysts are cautiously optimistic and expect Nifty to go above 16000 in the July Series.
The Foreign institutional investors Sold on Friday Rs 1124 Crores on whereas Domestic institutional investors Bought Rs 106 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 16000 Nifty levels in the near term.
Most experts expect that if FII’s resume to buy again, the indices will go upwards in the coming few days.
The Metals, Banking Sector & Pharma sectors will be keenly watched by the traders.
The PSU sector may be in the limelight in the coming week.
There seems to be a possibility of the Metals, Banking, and Financial Sector bouncing back to higher levels.
PSU Banks like Central Bank, IOB, Canara Bank, Bank of Baroda, showed good momentum during couple of weeks. They are likely to go up further in the coming days.
Private banks like HDFC Bank, Axis Bank, RBL, ICICI, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – Bajaj Finance, Equitas Holding, Mahindra and Mahindra Financial Services, PEL, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
The I.T Majors like Infosys, Tech Mahindra, Wipro, Co-Forge, Mastek, and HCL Tech can move up quickly.
The Mid- 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 Cadila, Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, Cipla, and Sun Pharma are expected to give good returns in the short term.
The general Sentiments in the market appear to have turned mildly 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 I.T Sector, Metals Sector, PSU Sector, NBFC Sector, Pharma Stocks, FMCG Stocks, and Cement Sector Stocks.
# 5 Banking Stocks: RBL Bank, ICICI Bank, Axis Bank, HDFC Bank , Bandhan Bank.
#5 NBFC Stocks: Equitas Holding, Shriram Transport, Bajaj Finserve, HDFC LTD, PEL.
# 5 Pharma Stocks: Dr.Reddy’s, Divi’s Lab, Cadila, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: Infosys, L&T infotech, Tech Mahindra, TCS, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
LTTS, Equitas Holding, Gujarat Alkalies, BSE, Tata Chemical, Sterlite Technologies, LLTS, Tata Motors, Reliance, ISGEC Heavy Engineering.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
12th July Stock Picks — Canara Bank, Gujarat Gas, HDFC LIFE, IOC.
Watch YouTube Video Analysis here🙁 https://youtu.be/tzfAJ0xmKZg )
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this July SERIES.
Most Analysts expect the markets to be above 16000+ levels for July 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 !!
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Cheerful Trading !!
