On Friday, Indian equity markets trading was a Historic Day with the Nifty Closing at All-TIME HIGHS.
The Friday trading session was trending upwards day with a gap up opening in the early morning session.
It was a day in which the bulls took control and didn’t give the bears a chance to bring down the Markets.
Reliance Industries, M&M, HDFC twins, Kotak Bank, ITC, and Bharti Airtel were the gainers on Friday's historic trading day.
On the losing side were Sun Pharma, Bajaj Finserv, ICICI Bank and Dr Reddy's.
Finally, at Closing Bell, the Nifty ended at the historic closing level of 15435(+97), whereas the Sensex ended at 51,422(+307).
Most analysts feel that the Indian equity markets remained upbeat and recorded fresh high due to the improved prospects of economy recovery and strong quarterly results.
On Fridays Trading Session, Reliance Industries single handedly took the leadership role after a long time.
The sharp drop in daily COVID-19 and improvement in recovery rates have emboldened investors in the last couple of days.
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 bought on Friday Rs 913 Crores whereas Domestic institutional investors bought Rs 1275 Crores.
The FII’s starting to buy will be a big positive for the up move in the markets. Most analysts are expecting the markets upwards towards 15600-16000 nifty levels in the near term.
Most experts expect that if FII’S continues 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 I.T Sector & Pharma Sector will be keenly watched by the traders.
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.
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. Bank of Baroda can be volatile on the basis of the results declared on Friday.
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, Mastek, and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like LTTS, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the days to come.
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.
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.
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 I.T Sector, Banking & Financial Sector, PSU sector, NBFC Sector, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Indusind Bank, Icici Bank, Axis Bank, HDFC 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: Mastek, L&T infotech,Tech Mahindra, TCS, Wipro.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets:
Reliance, FSL, LLTS, PI Industries, Tata Motors, L&T, Motherson Sumi, India Bulls housing , SBI, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
31st MAY March Stock Picks — Adani Enterprise, DLF, Motherson Sumi.
( Watch YouTube Video Analysis here –https://youtu.be/4U72lNknOw8 )
The view is that the Indian equity markets are that the bulls can this time take the markets to all-time highs closing in for this JUNE SERIES.
Most Analysts expect the markets to reach 16000+ levels for June Expiry.
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 !!
