The Indian Stock Market ended at a fresh record closing at high on 15 February. Oil prices saw a hit of 13-month highs as the market rebalances.
Further, the government has shortlisted the Bank of India, Bank Of Maharashtra, Central Bank Of India, & Indian Overseas Bank for potential privatization. The overall sentiments seem to be of a positive outlook for the coming week.
On Monday, Selling pressure was in FMCG, metals, and pharma stocks whereas Banking & financials provided strong support throughout the day. Realty, Financial Stocks fuel the rally.
The important pivot level, which will act as crucial support for the index, is placed at 35,765.13, followed by 35,421.36. On the upside, key resistance levels are placed at 36,387.73 and 36,666.57.
The Indian Equity Markets Finally ended with Nifty closing at 15314 (+151.40) Sensex closing at 52154 (+609.83) and Bank Nifty at 37306.30 (+1197.40).
Most experts expect the indices to take the momentum forward from the monday’s consolidation phase and move towards the 15500-15600 nifty levels in the near term. The Global Markets trading in the positive territory with help nifty scale up 15500 levels sooner than most expected.
The Foreign institutional investors sold on Monday Rs 1234.15 Crores, whereas Domestic institutional investors sold Rs 1048.55 Crores.
FII’s resuming to buy will be the key to the market's upwards movement in the near term.
Axis Bank, ICICI Bank, HDFC Bank, Indus Ind bank, Federal Bank will continue to be in limelight and expected to do well on Tuesday.
Some of the other stocks which can be active on Tuesday are the Psu banks like Sbi, Bank of Baroda, and PNB, Canara Bank etc.
The insurance sectors stocks Hdfc standard life ,Sbi Life and Max financial services will be keenly as they were showing strength throughout last week
NBFC’S - Bajaj Twins, Shriram Transport Finance too will look go up in the coming week if the Bank Nifty breaks out during the week.
Infosys, Tech Mahindra , TCS ,Wipro are poised for an up move and can be accumulated for substantial gains during the week.
Pharma stocks like Divi’s Lab, Sun Pharma, Cadila and Cement stocks like ACC, and Grasim are Likely to show strength as the broader market looks to regain lost ground.
Also Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, is expected to be keenly watched by the traders.
The general Sentiments in the market seem to have turned Bullish for this week.
The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, NBFC Sector I.T Stocks, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
#5 Information Technology Stocks: Tech Mahindra, Co forge, Infosys, TCS, L&T Technology.
# 5 Banking Stocks: Axis Bank, HDFC Bank, ICICI Bank, Bank of Baroda, Indusind Bank.
#5 NBFC Stocks: Bajaj Finance, Bajaj Fin serves, HDFC Ltd, Mahindra and Mahindra financial, Shriram Transport.
# 5 Pharma Stocks: Sun Pharma, Dr Reddy’s, Divi’s Lab, Cadila, Lupin
#10 Other Main Stocks to watch out for on this Friday Morning in the Indian Equity Markets
Maruti ,Tata Motors , Ashok Leyland ,Reliance, Adani Port,Grasim, Bharti Airtel , HDFC Standard Life, Bharat Forge, Tata Elixsi,
Analysts are guiding a positive week for the Indian equity markets on the basis of a favourable breakout above 15250 Nifty levels.
It will be interesting to watch if the nifty manages to move towards 15500-15600 levels in the coming days.
Two stocks - BHEL and SAIL - are under the F&O ban for February 16. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
16th February Picks— RBL Bank, SBIN, Tata Chemical, Tata Motor.
(Watch YouTube Video Analysis here – https://youtu.be/ro9guWZkYZw)
To Sum up, after a positive start to the week, the Indian stock market has broken out above 15250 at Nifty levels. And a 300-400 points upward movement is expected this week.
Best wishes for a Profitable Day in the Indian equity markets!
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