The Indian Equity Markets opened up in the early morning Friday's session. Then the Nifty did slide marginally lower during the day and quickly reversed to close at lifetime highs closing.
Dr Reddy's, PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries were the gainers on Friday’s Trading session.
L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the losers.
The Indian equity markets Closed at all time Highs as I.T, pharma and energy counters saw good buying on friday.
Most Anallysts believe that Indian equity markets are showing positive sentiments. This is on the back of expectations of improving consumer and business confidence amid phased easing of lockdowns and declining new COVID-19 cases.
Sector spcefic action was seen in Metals, IT, Energy, Pharma & and healthcare Stocks whereas realty, capital goods, banks, telecom, consumer durables and FMCG seem to be weak.
Finally at Closing Bell on Friday’s session, the Nifty ended strongly at 15,799(+61) whereas the Sensex ended at 52,474(+174).
The sharp drop in daily COVID-19 and improvement in recovery rates have emboldened investors in the last week.
The coming week will be interesting with the bulls waiting to take the markets higher on the back of strong positive U.S. Markets closing and positive Fii's sentiments .
The Foreign institutional investors bought on Friday Rs 18 Crores whereas Domestic institutional investors bought Rs 666 Crores.
The FII’s starting to buy will be a big positive 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 continues to buy again, the indices will go upwards in the coming few days.
Stocks to watch out for this Monday Morning in the Indian Equity Markets
The Metals, I.T Sector & Pharma Sector will be keenly watched by the traders.
The PSU sector was in the limelight in the last week and the same is expected on Monday too.
There seems to be a possibility of the Metals, I.T. banking, and financial sector bouncing bank to higher levels.
PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda, Showed good momentum during last week. They are likely to go up further in the coming days.
Private banks like RBL Bank, ICICI Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Axis Bank, Federal Bank, will look to consolidate and move further up.
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, Mastek, and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like LTTS, LT Infotech, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the days to come.
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 seemed to have turned Bullish. The traders will be looking for global cues for direction in the coming days.
The stocks to keep an eye on 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: Indusind Bank, Icici Bank, Axis Bank, HDFC Bank, Rbl Bank.
#5 NBFC Stocks: IBull Housing, 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: Mastek, L&T infotech,Tech Mahindra, TCS, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
M&M Financial, Reliance, FSL, LLTS, PI Industries, Tata Motors, L&T, Motherson Sumi, SBI, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
14th JuneMarch Stock Picks — Axis Bank, Eicher Motors, HDFC Bank , Maruti, M&M Financial, National Aluminium, TVS Motors.
( Watch YouTube Video Analysis here-- https://youtu.be/LniTZmXyo48 )
The view is that the Indian equity markets are that the bulls can this time take the markets to all-time highs closing for this JUNE SERIES.
Most Analysts expect the markets to reach 16000+ levels for June Expiry.
Best wishes for a Profitable Monday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS MONDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our Facebook Page & Youtube Channel.
Cheerful Trading !!
