The Indian Equity Markets opened positive in the early morning Friday's session on account of Global positive cues. After starting the day in the positive Zone, the Nifty did trend sideways to finally regain strength towards the closing bell to close at all-time highs.
UltraTech Cement, L&T, Dr Reddy's, Bajaj Finserv, Sun Pharma, TCS and Kotak Bank were the main gainers in trade on Fridays interesting day of trading.
On the other hand, Infosys, IndusInd Bank, M&M, Nestle India and HCL Tech were among the losers in trade.
After starting the day in slightly positive zone ,The nifty did trade sideways for some time before gaining strength and finally ending at closing bell at Historic levels of 16705(+68) levels whereas the Sensex closed at 56,124 (+175)levels
Meanwhile, US equities extended gains in overnight session with S&P 500 and Nasdaq witnessing fresh record highs on back of positive cues from Fed Chairman Jerome Powell's speech on Friday at the Jackson Hole Symposium.
The overall sentiment for Monday and the coming week is of Bullish trend with positive cues from global markets.
The nifty can make a dash towards 17000 if the FII’s do buy in a big way this week.
Indian Equity markets can be expected to open up with a gap of 100 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 trending upwards and will go further upwards if supported by the positive global setup.
The Foreign institutional investors Sold on Friday 778 Rs Crores on whereas Domestic institutional investors bought Rs 1646 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 16800-17000 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 HDFC Bank, 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 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: HDFC Bank, Rbl Bank, Axis Bank, Indusind Bank, ICICI Bank.
#5 NBFC Stocks: PEL, Shriram Transport, Bajaj Finserve, HDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Granules, Sun Pharma, Divi’s Lab, Glenmark Pharma, Cipla.
#5 Information Technology Stocks: Mphasis, TCS, L&T infotech, Tech Mahindra, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Datamatics Global, IDFC 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-
30th August Stock Picks — Aarti Industries , Tata Motors , Tata Chemical
Watch YouTube Video Analysis here--https://youtu.be/ZlT4eyrpPOI
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 16800+-17000 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 !!
