The Tuesday trading session belonged to the bulls as the Indian equity markets recovered from the Mondays setback as nifty managed to close above 14500 levels.
The markets continuously showed momentum towards last hour of trading to close strongly on the positive side. .
Finally at closing bell, the Nifty ended strongly at 14,504 ( +194) whereas the Sensex closed at 48544 (+660). The Nifty bank bounced back strongly gaining 979 points to close at 31771.
The Stocks that showed strength on Wednesday trading was Bajaj Finance, Tata Motors, Bajaj Finserve, Maruti Suzuki, SBI.
On the Losing side was Dr Reddy, Infosys, LTTS, TCS, Adani Ports, NTPC And HUL.
Sectorally, buying was seen in auto, banks, telecom, metals and consumer discretionary stocks, while the I.T. Sector saw mild profit-taking.
The Pharma Sector , Financial Sector and the Meetals Sectors will be keenly watched by the traders and investors for potential opportunities on Thursday.
The Foreign institutional investors sold on Wednesday Rs 730 Crores whereas Domestic institutional investors bought Rs 243 Crores.
FII’s starting to buy only will help the bulls to make a comeback and take the markets upwards towards 14900-15000 nifty levels.
The U.S. Markets closed on Wednesday with strong positive cues as Dow Jones closed in at 33,446( +16) , S&P at 4080 (+7 ) whereas NASDAQ closed in at 13689 (-9).
For the coming week, most analysts believe that Indian markets will be trending upwards if the Foreign institutional investors resume buying and there is positive global cues.
Most experts expect the indices to continue to be carry from the wednesday’s positive sentiments on the weekly expiry day.
There seems to be a possibility of the Pharma Sector, Metals and Financails going up in the coming days.
The private banks like HDFC Bank , Axis Bank, Icici Bank, Federal Bank, Indusind Bank, Kotak Bank, will look to consolidate and move further up from the Tuesday's levels.
PSU Banks like Canara Bank, Bank of Baroda did see some strength and can be accumulated for decent gains in near future.
NBFC’S – Mahindra and Mahindra Financial Services, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, and HCL Tech are looking relatively weak due to profit booking and Sector rotation happening in the markets.
Tata Motors, Ashok Leyland, Tvs Motors and other Auto Stocks will be in the radar of traders.
Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength as the broader market gains positive momentum in the coming days.
Pharma stocks like Dr Reddy’s, Lupin, Divi’s Lab, Cipla, Sun Pharma, and Cadila are expected to do good in the near term.
The general Sentiments in the market seemed to have turned positive with traders looking for global cues for taking nifty to 14800-15000 levels in teh coming days.
The stocks to keep an eye on in the Indian equity markets will be the Pharma, I.T Sector, Banking Sector, NBFC Sector , FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: RBL Bank , Federal Bank , Axis Bank, ICICI Bank, Indusind Bank.
#5 NBFC Stocks: , Bajaj Finserve, Bajaj Finance, HDFC LTD, IBull Housing, Shriram Transport.
# 5 Pharma Stocks: Cadila, Lauras Labs, DrReddy’s, Divi’s Lab, Sun Pharma.
#5 Information Technology Stocks: Infosys , HCL Tech, Tech Mahindra , TCS, Co- Forge.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets:
Tata Motors,TVS Motors, Jindal Steel, Ultratech , Aarti Durgs , Deepak Nitrate, Graphite, Ashok Leyland, Adani Power, Bandhan Bank.
After a positive trading day on Tuesday , the view in the Indian equity Markets is that Positive Global Cues will help the Bulls to regain the momentum in the coming days.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
15th APRIL Stock Picks — Indus Tower, IRCTC, MCDOWELL, RELIANCE.
( Watch YouTube Video Analysis here– https://youtu.be/iEiRZ0xZE9c )
The cues from the US Markets will decide the direction that the markets takes in the coming days.
The positive cues from the US Markets will help the bulls to take the markets upwards towards 14800-15000 levels . If there is positive cues from U.S Global Markets, Then the weekly expiry can happen around 14800 Nifty levels.
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 !!
