It was a consolidation day on Friday for the Indian Equity Market. The Indian equity Indices closed losing some of the gains of early trade sessions on Friday.
The overall sentiments seems to be of a positive outlook for the coming week. It will be interesting to see if the Nifty break-out of the crucial 15250 levels during this week and gives a 400-500 upward movement.
On Friday, Selling pressure was in FMCG, metals, and pharma stocks whereas Banking & financials provided strong support throughout the day.
The Bank Nifty was stronger than Nifty50, rising 356.80 points or 1 percent to 36,108.90 on February 12.
The important pivot level, which will act as crucial support for the index, is placed at 35,765.13, followed by 35,421.36. On the upside, key resistance levels are placed at 36,387.73 and 36,666.57.
The Indian Equity Markets Finally ended with Nifty closing at 15162 (-10) Sensex closing at 51544(+12) and Bank Nifty at 36108(+356).
Most experts expect the indices to take the momentum forward from the last week’s consolidation phase and move towards the 15500-15600 nifty levels in the near term. The Global Markets trading in the positive territory with help nifty scale up 15500 levels sooner than most expected.
The Foreign institutional investors sold on Friday Rs 37 Crores whereas Domestic institutional investors sold Rs 597 Crores.
FII’s resuming to buy will be the key to the markets upwards movement in the near term.
The U.S. Markets closed negatively on Friday with Dow Jones closing at 31,458(+27), S&P closing at 3935(+18), and NASDAQ closing at 14095(+69).
Many analysts believe that Indian markets will keep trading higher this week unless there are negative global cues during this week.
Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, Federal Bank will continue to be in limelight and expected to do well on Monday.
Some of the other stocks which can be active on Monday are the Psu banks like Sbi, Bank of Baroda, and PNB, Canara Bank etc.
The insurance sectors stock Hdfc standard life, Sbi Life, and Max financial services will be keen as they were showing strength throughout last week
NBFC’S - Bajaj Twins, Shriram Transport Finance too will look go up in the coming week if the Bank Nifty breaks out during the week.
Infosys, Tech Mahindra , TCS ,Wipro are poised for an up move and can be accumulated for substantial gains during the week.
Pharma stocks like Divi’s Lab, Sun Pharma, Cadila and Cement stocks like ACC, and Grasim are Likely to show strength as the broader market looks to regain lost ground.
Also Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders.
The general Sentiments in the market seem to have turned Bullish for this week.
The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, NBFC Sector I.T Stocks, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
Keep these stocks under your radar for Trading and investments on Monday --
#5 Information Technology Stocks: Tech Mahindra, Co forge, Infosys, TCS, L&T Technology.
# 5 Banking Stocks: Axis Bank, HDFC Bank, ICICI Bank, Bank of Baroda, Indusind Bank.
#5 NBFC Stocks: Bajaj Finance, Bajaj Fin serves, HDFC Ltd, Mahindra and Mahindra financial, Shriram Transport.
# 5 Pharma Stocks: Sun Pharma, Dr Reddy’s, Divi’s Lab, Cadila, Lupin
#10 Other Main Stocks to watch out for on this Friday Morning in the Indian Equity Markets:
Maruti ,Tata Motors , Ashok Leyland ,Reliance, Adani Port,Grasim, Bharti Airtel , HDFC Standard Life, Bharat Forge, Tata Elixsi,
Analysts are guiding a positive week for the Indian equity markets on the basis of a favorable breakout above 15250 Nifty levels.
It will be interesting to watch if the nifty manages to move towards 15500-15600 levels in the coming days.
The company reported a consolidated profit of Rs 141.4 crore in Q3 FY21 against Rs 208.7 crore in Q3 FY20. Revenue fell to Rs 1,461.1 crore from Rs 1,810.9 crore.
The company reported a profit of Rs 329 crore in Q3 FY21 against Rs 273 crore in Q3 FY20. Net interest income rose to Rs 809 crore from Rs 731 crore.
The company reported a consolidated profit of Rs 216.56 crore in Q3 FY21 against Rs 156.71 crore in Q3 FY20. Revenue rose to Rs 1,234.7 crore from Rs 1,119.86 crore.
The company reported a consolidated profit of Rs 21.6 crore in Q3 FY21 against Rs 73.2 crore in Q3 FY20. Revenue fell to Rs 684.4 crore from Rs 883.2 crore.
Some of the companies to announce their quarterly earnings on February 15 :
Hindustan Everest Tools, JIK Industries, Kerala Ayurveda, PG Foils, Archana Software, Jet Airways, Alora Trading Company, Advance Syntex, CDG Petchem, Emmsons International, Eureka Industries, Vishvprabha Ventures, and Vantage Knowledge Academy.
Two stocks - BHEL and SAIL - are under the F&O ban for February 15. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
15th February Picks— Adani Ports, HDFC LTD, Indusind Bank, Shriram Transport.
(Watch YouTube Video Analysis here – https://youtu.be/C80ig3ildeg)
To Sum up, after a consolidation phase during the last week, the Trading view is that the Indian equity Markets will be trying to break out of the range and move up 300-400 points during this week. You can watch our Chart Pe Charcha stay updated on the every day Pre-Market Analysis.
Best wishes for a Cheerful Day in the Indian equity markets!
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