The Indian Equity Markets opened negative in the early morning Friday's session. After starting the day in the Negative Zone, the Nifty did close slightly lower towards closing Bell.
Kotak Bank, Bharti Airtel, HDFC Bank, Maruti, Axis Bank, and Nestle India was the main gainers on a volatile trading day on Friday.
On the other hand, Tata Steel, SBI, TCS, and Reliance Industries were among the losers.
After starting the day in negative zome on the back of global weakness, The nifty did trade lower and finally ending the day at the closing bell at 17585(-44) levels whereas the Sensex closed at 59,015 (-125).
Most analysts feel that while the pace of vaccinations and encouraging export data helped bulls get closer to the 60K mark amidst the FTSE and MSCI rebalancing of flows, profit-taking took away all the gains ahead of the outcome of the GST Council meet.
The Foreign institutional investors Bought on Friday 1552 Rs Crores on whereas Domestic institutional investors Sold Rs 1398 Crore.
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 17700-17800 Nifty levels in the near term if the FII continues to buy.
Most experts expect that if FII’s continues to buy, the indices will go upwards in the coming few days.
The I.T.Sector, Banking, Metals & Pharma sectors will be keenly watched by the traders.
There seems to be a possibility of the I.T, and Financial Sector bouncing back to higher levels.
Private & PSU banks like Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, RBL, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – PEL, Bajaj Finance, Mahindra, and Mahindra Financial Services, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
The I.T Stocks like TCS, Mphasis 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 Granules, Wockhardt, Sun Pharma, Glenmark Pharma, Lupin, Divi’s Lab, Cipla, are expected to give good returns in the short term.
The general Sentiments in the market appear to have turned 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: Bank of Baroda , Axis Bank, Bank of Baroda, ICICI Bank, Hdfc Bank.
#5 NBFC Stocks: PEL, Bajaj Finserve, HDFC LTD, Bajaj Finance, IDFC LTD.
# 5 Pharma Stocks: Lupin, Divi’s Lab, Granules, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: Mastek, TCS, L&T infotech, HCL TECH, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
SRF, Fine Organics, Arti Surfactants, TATA Steel, Apcotex, Tata Chemical, LLTS, Tata Motors, ISGEC Heavy Engineering, Graphite.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
20th September Stock Picks —Co Forge , PEL.
Watch YouTube Video Analysis here--https://youtu.be/-Odc_BtbWv4
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this September SERIES.
Most Analysts expect the markets to be above 17700+-17800 levels for September 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 !!
