The Indian Equity Markets opened up in the early morning Friday's session. After some consolidation during the day, The Nifty finally ended the day in positive zone after 4 days of weakness.
Reliance Industries, ICICI Bank, SBI, HDFC, M&M, Axis Bank, Bajaj Finance, Titan, and Infosys were the main gainers on the only positive day closing of the week.
On the other hand, Tata Steel, PowerGrid, Asian Paints, Sun Pharma and Bajaj Auto were among the losers in trade.
After its four-day losing trend, Indian Equity markets finally had a positive day with Closing for Nifty happening at 15,722(+42) whereas the Sensex ended positively at 52,484(+166).
It was seen that financials, pharma and realty indices recovered modestly but profit-booking was visible across metals and FMCG counters
The midcap and smallcap indices continued to outperform as improved earnings visibility attracted investors towards them.
Most analysts are cautiously optimistic and expect Nifty to go above 16000 in the July Series.
The Foreign institutional investors Sold on Friday Rs 982 Crores on whereas Domestic institutional investors Bought Rs 930 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 I.T Sector, Metals, Banking 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 I.T, Metals, Banking, and Financial Sector bouncing back to higher levels.
PSU Banks like Central Bank, IOB, Canara Bank, Bank of Baroda, showed good momentum during last week. They are likely to go up further in the coming days.
Private banks like Axis, RBL, ICICI, Bandhan, IndusInd, Kotak, Federal Bank, will look to move further up.
NBFC’S – Bajaj Finance, Mahindra and Mahindra Financial Services, PEL, Bajaj Finserve, Shriram Transport Finance will be under the radar of the traders.
The I.T Majors like TCS, Infosys, Tech Mahindra, Wirpo, Co-Forge, Mastek, and HCL Tech can move up quickly.
The Mid- 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 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 Bullish. 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: IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank , Bandhan Bank.
#5 NBFC Stocks: IBull Housing, 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.
BSE, CCL Products, KOKUYO Camlin, FSL, Tata Chemical, Laxmi Organics, Hikal, Sterlite Technologies, LLTS, Tata Motors.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
5th July Stock Picks — Bajaj Finance, Indusind Bank, ZeeL
Watch YouTube Video Analysis here:- https://youtu.be/X97dVV6hewY
The view is that the Indian equity markets are that the bulls can this time take the markets to all-time highs closing 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 !!
