The Indian Equity Markets opened flattish in the early morning Friday's session. After Trending sideways for a couple of hours, the Indian equity markets closed at the same level from which indices started the day.
HCL Tech, Infosys, Bajaj Finserv, NTPC, ICICI Bank, and IndusInd Bank were the main losers in trade on Friday’s consolidation trading session in the Indian equity markets.
On the other hand, Bharti Airtel, UltraTech Cement, Tata Steel, and PowerGrid were among the gainers.
The I.T. Sector came in for profit booking after a surge on Thursday while the financials also came under selling pressure on Friday.
Pharma, Broking companies & Metals were in focus as Sector rotation seems to be happening in the Indian equity markets.
The Traders seem to be preferring the Midcaps and Small Caps on the basis of expectations of strong earnings from them.
After starting the day in flattish zone, The Nifty did move sideways throughout the day. Then Nifty made a flattish closing towards the closing bell at 15923(-1) levels whereas the Sensex closed at 53,290(-18)levels.
Most analysts feel that in the coming week, The slightly weak U.S. Markets Closing and Good Results of HDFC Bank will the impacting Monday’s trading session.
Most analysts are cautiously optimistic and expect Nifty to go above 16000 in the July Series.
The Foreign institutional investors Sold on Friday Rs 466 Crores on whereas Domestic institutional investors Bought Rs666 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, likely to show good momentum in the coming Week..
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 Tech Mahindra ,Wipro, Co-Forge, Mastek, and HCL Tech can move up quickly.
The Mid- Cap & Small 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 Wockhardt, 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: Federal 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, Deepak Fertiliser, Gujarat Alkalies, BSE, Tata Chemical, Sterlite Technologies, LLTS, Tata Motors, ISGEC Heavy Engineering.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- Adani Enterprises, JSW Steel, SAIL, & TATA Power
19th July Stock Picks — https://www.youtube.com/watch?v=TJ9HTmeiojA
Watch YouTube Video Analysis here )
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 !!
