Will the Nifty Touch of 14,000 First or fall back to 13000/-Nifty Levels? The Stock Market In India is poised at a very interesting level and look forward to taking a decisive move. Most experts anticipate that Nifty and Sensex may move either upwards or downward in a decisive way in the near term.
This Tuesday Morning, taking the cues of the mixed closing from U.S Markets, the expectation is Indian equity markets may trade flat or with little negative bias. The NASDAQ was half percent on the positive side while Dow Jones was nearly half a percent on the negative side. The S&P had a flat closing on Tuesday in the U.S. Stock Markets.
The Indian equity markets started the day in the green on Monday and literally followed the same pattern as on Friday.
Nifty was comfortably trading in the positive zone till 1.30pm and then markets came down little bit till 13500 levels and bounced back from there.
Around the time when the European markets opened, many stocks started to come down little bit. This sudden drop was reversed around the 13500 Nifty levels which acted as a strong support zone on Monday.
Finally, the Nifty managed to close strong in the green at 13,558 (+44) levels on Monday.
The Sensex closed at 46,253, (+154) whereas Bank Nifty closed at 30,745(+141) levels in the Indian equity markets on Monday.
The Energy sector stocks once again gained on Monday with ONGC, NTPC, BPCL, and Coal India leading the way.
The Foreign institutional investors continued to buy with the Friday figures at Rs 4195 crores.
The Domestic institutional investors continued to sell with Friday figures at Rs2359 crores.
This can be seen as big positive news for the trade on Monday
The U.S. Markets closed on Friday with Dow Jones closing at 29861(-184), S&P closing at 3647(-16) and NASDAQ closing at 12440(+62).
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Many analysts believe that Indian equity markets will be opening Flat to little negative. They expect the Indices to further consolidate and then make a move depending on the global cues in the afternoon session.
This Sector once again was positive with ONGC, NTPC, BPCL, Coal India, trading with positive strength throughout Monday.
Most Analysts expect energy stocks to do well with ONGC, NTPC, Coal India, GAIL, and BPCL to be in the limelight for the coming days. The Disinvestment activity picking up in BPCL can have a positive trigger for BPCL in the near term.
FMCG stocks had a mixed day with Britannia, Nestle was positive while Marico, ITC was mildly negative.
Most I.T. Stocks opened in the red on Monday and continued to remain lower till the last hours of trade and then closed on positive territory.
Infosys, TCS, HCL Tech managed to end the day positively.
The Large Caps like Reliance and HDFC Bank was in the negative zone whereas L& T was very strong with nearly 5 percent gains on Monday.
The Cement stocks like Ultra tech cement, ACC, Ambuja Cement saw mild positive uptick on Monday.
The private banks had a mixed day with ICICI Bank, Axis bank being in the positive whereas HDFC Bank in the negative.
The Insurance Stocks relatively showed some weakness with Hdfc Standard life being negative and Sbi life ending flat on Monday.
Pharma stocks like Cipla, Sun Pharma had a Good day and ended in positive territory on Monday.
The stocks to keep an eye on in the Indian equity markets will be the banking and financial stocks, Energy sector, Infosys, TCS, HCL Technologies, Reliance, BPCL, Bharti Airtel, Bharat Forge, Maruti, Bajaj Twins- Bajaj Finance, and Bajaj Finserve, Adani Enterprise, Adani Port, Shriram Transport finance, to name a few of them.
Most Analysts suggest that after the initial dip, the Positive outlook for Indian equity markets seen on Monday may be carried forward on Tuesday too and in the coming days of the week. They anticipate dips at the periodic intervals in the near future with volatility levels increasing day by day.
Accordingly, it would be a great idea if you can identify and pick the sector of the day after observing the initial hour of trading to make the most of the potential opportunities.
Most experts are giving a word of caution at these levels of the Equity Indian markets and advising against taking heavily leveraged trades on either side.
Main Stocks to watch out for This Tuesday in the Indian equity markets!
The banking and financial stocks Like HDFC Twins – HDFC and HDFC Bank, Federal Bank, Indusind Bank, PSU banks, Bajaj Twins- Bajaj Finance and Bajaj Finserve.
The Energy sector Stocks like NTPC, Coal India, BPCL, HPCL
IT Stocks like - Infosys, TCS, HCL Technologies,
Large Cap Stocks like Reliance,Bharti Airtel, Maruti , and other stocks like Adani Enterprise, Adani Port , Shriram Transport finance , to name a few of them .
After the initial dip, analysts are guiding for a positive Tuesday in the Indian equity markets. It will be keenly watched if the markets continue its upward trend from Monday’s trade.
Retail CPI inflation eases to 6.93% in November as Vegetable price is significantly softening to 15.6%.
Indian Bank are to raise tier-1 capital via private placement of Base 3 compliant at a perpetual Bond.
An RBI relaxes a certain conditions for new current account rule which will be in effect from today.
NMDC announced that it will offer Rs.1,375 cr share buyback of Rs.105 per equity share starting from Dec 17th 2020 to Dec 31st 2021.
Tips Worth following for becoming a successful trader and investor in the Indian equity markets.
Accept what the markets gives you
&
Don’t impose your will onto the markets.
“Best wishes for a wonderful trading day in the Indian equities markets!
Cheerful Trading !!
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