The Fridays Indian equity markets trading saw Sensex end marginally higher whereas Nifty ended flatish to midly in negative zone.
It was a a choppy session on Friday as due to the concerns of the economic impact of the second wave of Covid-19 and the pace of vaccination throughout the country.
Amongst the Stocks, Asian Paints, ITC, Nestle India, L&T, HUL and Reliance Industries were in green on friday.
Whereas IndusInd Bank, M&M, Dr Reddy's, SBI and NTPC were on the losing side.
Finally at closing bell , the Nifty fell just 18 points to close at 14677 and Sensex ended at 48732 up 41 points.
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.
The sentiments in the global markets have turned bullish in the last couple of days and the same will be a factor in Monday's trading session.
The Foreign institutional investors sold on Friday Rs2607 Crores whereas Domestic institutional investors bought Rs 613 Crores.
If the FII’s start to buy then it will be a big positive for the up move in the markets. Most analysts are expecting the markets upwards towards 14650-14700 nifty levels on Wednesday.
Most experts expect that if FII’S starting 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 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 banking and financial sector bouncing bank to higher levels.
The Metals & Chemicals Sector also will be keenly watched by the traders.
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 HDFC Bank , ICICI Bank, Bandan 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 and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like LTTS, Mastek, Intellect Design, Sonata Software also can be watched keenly for any 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.
Cement stocks like Grasim, Shree Cement, Dalmia Bharat, Ramco Cement are likely to gain from here as the broader market looks to maintain the upward momentum from last week's trading session.
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 PSU sector and Chemicals Sector,Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Icici Bank, Axis Bank , HDFC Bank , Indusind Bank, Rbl Bank.
#5 NBFC Stocks: HDFC LTD, IBull Housing, Shriram Transport, Bajaj Finserve, PEL.
# 5 Pharma Stocks: Cadila, DrReddy’s, Divi’s Lab, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: LTTS ,Tech Mahindra , TCS, HCL TECH, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
PI Industries, Tata Motors, L&T, Bandhan Bank, Motherson Sumi, India Bulls housing , SBI,Rbl Bank ,Hindalco, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
17TH MAY March Stock Picks — Bandhan Bank, Coforge, HDFC Bank, Kotak Bank.
( Watch YouTube Video Analysis here –https://youtu.be/EpOPKBxKRw0 )
The view is that the Indian equity Markets is that the bulls can be back only if the selling stops in the Global Markets and Fii resumes Buying.
Most Analysts expect the markets to reach 14900-15000 levels for Expiry on Thursday.
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 !!
