The Indian Equity Markets opened bearish in the early morning Friday's session on account of Global Sell of in equity markets. After starting the day in the Negative Zone, the Nifty did trend sideways to finally end at 16450(-118) at closing Bell.
Tata Steel, SBI, Dr. Reddy's, Kotak Bank, Sun Pharma, Bajaj Auto, and L&T were the main losers in trade on a day of huge sell-off in Indian equity markets on Friday.
On the other hand, HUL, Asian Paints, Nestle India, and Bajaj Finance were among the gainers.
NSE Nifty declined 118 to 16,450 whereas the Equity benchmark Sensex slumped 300 points on Friday amid a heavy sell-off in global equities.
Most analysts feel the Domestic equities witnessed high volatility with selling pressure across the counters on account of Global pressures especially the US market's weakness.
The rise in Delta variant cases in various parts of the world and increasing concern about the sustainability of ongoing economic recovery globally led to heavy profit-booking in metal stocks.
It was seen on Friday that Barring FMCG, most sectoral indices traded in red with Nifty metal witnessing steepest decline followed by realty, PSU banks, and pharma.
On Friday the U.S Markets regain some strength to close in the green with both Nasdaq and Dow Jones gaining nearly 1 percent towards the closing.
Indian Equity markets can be expected to open up with a gap of 150 points in nifty and will look for direction to U.S. Markets Futures for further direction during the day.
Monday can turn out to be a Trending day or a volatile day with profit booking coming in post noon.
Most Analysts believe that the Indian markets will be sideways and will go further upwards if supported by the positive global setup.
The Foreign institutional investors Sold on Friday 2287 Rs Crores on whereas Domestic institutional investors bought Rs 119 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 16800 Nifty levels in the near term if the FII starts to buy.
Most experts expect that if FII’s resume to buy again, 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 banks like ICICI Bank, Axis 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 Infosys, 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 slightly 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: ICICI Bank, Rbl Bank, Axis Bank, Indusind Bank, Bandhan Bank.
#5 NBFC Stocks: PEL, Shriram Transport, Bajaj Finserve, IDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Wockhardt, Sun Pharma, Divi’s Lab, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: Infosys, TCS, L&T infotech, Tech Mahindra, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Granules, HDFC LTD, TATA Steel, Aarti Surfactants, Gujarat Alkalies, Tata Chemical, LLTS, Tata Motors, ISGEC Heavy Engineering, Graphite.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
23rd August Stock Picks — Infosys, Kotak Bank.
Watch YouTube Video Analysis here--https://youtu.be/1CIdVny4z28
The General view of most analysts is that the Indian equity markets are position for a take-off towards higher levels for this AUGUST SERIES.
Most Analysts expect the markets to be above 16600+ levels for August 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 !!
