The Indian Equity Markets opened positively in the early morning Friday's session. After starting the day in the positive zone on the back of the strong U S Markets closing, the Nifty did consolidate during most part of the day. In the closing half an hour, the Indian equity markets did slide on the back of FII'S selling.
Reliance, UltraTech Cement, SBI, Tata Steel, HDFC, and Axis Bank were the main losers in trade on a volatile Friday trading session.
On the other hand, IndusInd Bank, Bharti Airtel, Tech Mahindra, Maruti, NTPC, and Bajaj Auto ended in the green at Friday’s closing bell in the Indian equity markets.
After starting the day in a slightly positive zone, The Nifty did slide further downwards during the day and finally ended up at the closing bell at 16238(-56) levels whereas the Sensex closed at 54,277(-215) Levels.
Most analysts feel that the Indian Equity markets were weak on Friday as the index HDFC and SBI were under pressure after the Reserve Bank kept interest rates unchanged and maintained its accommodative stance.
RIL also witnessed sharp correction after the Supreme Court's ruling came in favor of Amazon in the Reliance-Future Group deal.
Most Analysts believe that the Indian markets have made a smart pull-back and will go further upwards, supported by the positive global set-up and a decent start to the Q1FY22 earnings season
The Foreign institutional investors Sold on Friday 69 Rs Crores on whereas Domestic institutional investors Sold Rs 631 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 16500 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 & 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 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 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: 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: Sun Pharma, Divi’s Lab, Cadila, Glenmark Pharma, Wockhardt.
#5 Information Technology Stocks: TCS, L&T infotech, Tech Mahindra, Wipro, Infosys.
#10 Other Main Stocks to watch out for on this Monday Morning in the Indian Equity Markets.
Godrej Agrovet, Aarti Surfactants, Equitas Holding, Deepak Fertiliser, Gujarat Alkalies, Tata Chemical, Sterlite Technologies, LLTS, Tata Motors, ISGEC Heavy Engineering.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
9th August Stock Picks — Axis Bank, ICICI Bank, Sun Pharma.
Watch YouTube Video Analysis here-- https://youtu.be/6I56BouXMs4
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 16000+ 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 !!
