The Wednesdays trading session belonged to the bulls who seemed to be in control for a monthly expiry closing around 15000 nifty levels.
The Indian equity markets opened gap up in the early morning trading session and continued the strong momentum throughout the day.
The Bajaj Twins- Bajaj Finance & Bajaj Finserve, IndusInd Bank, ICICI Bank, Kotak Bank, SBI, Bajaj Auto and HDFC Bank were the major gainers on wednesday.
Nestle India, HCL Tech, L&T, Dr Reddy's and TCS were the on the losing side.
NSE Nifty finally closed at 14,864 (+211) whereas the Sensex closed at 49733(+790)
Most Market analysts believe that the markets will be moving upwards in the near term.
The Banking , Pharma Sector and the Metals Sectors will be keenly watched by the traders.
The Foreign institutional investors bought on Wednesday Rs 766 Crores whereas the Domestic institutional investors bought Rs 436 Crores.
FII’s starting to buy will help the bulls to make a move towards 15000 nifty levels.
Most experts expect the indices to continue to be positive with the expiry expected at 15000 Nifty levels.
There seems to be a possibility of the Banking , Pharma Sector, Metals going up in the coming days.
The private banks like Icici Bank , Federal Bank, Indusind Bank will move up in case of any positive triggers.
PSU Banks can be accumulated in SIP manner for decent gains in near future.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders.
The I.T Majors are looking to bounce back in the coming days.
Tata Motors, Ashok Leyland, Tvs Motors will be in the radar of traders.
Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength on the basis of excellent results.
Pharma stocks like Sun Pharma, Cadila , Dr Reddy’s, Lupin, Divi’s Lab, Cipla, are expected to do good in the near term.
The market seemed to have turned bullish with traders looking for positive local cues for taking nifty upwards to 15000 levels..
The stocks to keep an eye on in the Indian equity markets will be the Banking, Pharma, I.T Sector, Cement Sector Stocks.
# 5 Banking Stocks: AxisBank , Federal Bank , RBL Bank, Indusind Bank, Kotak Bank.
#5 NBFC Stocks: , Bajaj Finserve, Bajaj Finance, HDFC LTD, IBull Housing, Shriram Transport.
# 5 Pharma Stocks: Cipla, Cadila, Lauras Labs, DrReddy’s, Sun Pharma.
#5 Information Technology Stocks: Tech Mahindra, HCL Tech, Infosys, TCS, Co- Forge.
#10 Other Main Stocks to watch out for on this Thursday Morning in the Indian Equity Markets:
Adani Enterprise, Hindalco, Zee Ltd, Maruti , JSW Steel, Reliance, Tata Motors, Aarti Durgs ,Graphite, Ashok Leyland.
The view in the Indian equity Markets is that the volatility in the markets will remain.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
29th APRIL Stock Picks — Adani Enterprise, Hindalco, Maruti, Tata Motors, Zee Ltd.
( Watch YouTube Video Analysis here– https://youtu.be/aLYlo1ykvRo )
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 !!
