The Indian equity markets opened with a gap up in the early Monday trading session on the back of favorable global cues.
The Indian Equity Markets came back strongly in Monday’s Trading Session. The Bulls took full control of the day and the Sensex was at 49580 (+ 848) points whereas the Nifty Shot up 245 to close at 14,923 at the closing bell.
The Immediate trigger for the positive momentum seems to be the reduction in the daily Covid- cases and this lead to strong buying in banking shares
IndusInd Bank was the top gainer along with SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement.
On the losing side was L&T, Bharti Airtel, Nestle India, Sun Pharma and PowerGrid .
Among the sectors, Nifty energy, bank, auto, metal and PSU bank gained anywhere between 1-4 percent.
The outlook for the coming days has turned bullish with volatility expected on account of the possibility of profit booking at higher levels.
The Foreign institutional investors Sold Rs 2255 Crores whereas Domestic institutional investors bought Rs 1948 Crores.
Most experts believe that the Indian equity markets will continue to be volatile and slowly move upwards as the covid situation improves.
The upward movement will resume once the FII Starts buying in a big way.
There seems to be a possibility of the Banks, Pharma, Metals, and the defensive stocks doing well in the coming days.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give good opportunity to buy on dips.
Financials & Private banks like Axis Bank, Icici Bank, Bandan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.
Major I.T. Companies can be accumulated for a decent upside.
I.T Majors like Wipro, Infosys, Co-Forge , Tech Mahindra, and HCL Tech are bound to gain in the coming days.
Pharma stocks like Cadila, Glenmark Pharma, Dr Reddy’s, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
Cement stocks like Shree Cement, Dalmia Bharat, Ramco Cement are likely to show strength.
The stocks to keep an eye on in the Indian equity markets will be the Banking Sector, Metals Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: HDFC Bank, Rbl Bank, ICICI Bank, Federal Bank, Axis Bank.
#5 NBFC Stocks: PEL, HDFC LTD, IBull Housing, Shriram Transport, Bajaj Finserve.
# 5 Pharma Stocks: Sun Pharma, Divi’s Lab, Cipla, Glenmark Pharma, Dr Reddy’s.
#5 Information Technology Stocks: Wipro, TCS, HCL TECH, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
PI Industry, Axis Bank, Indusind bank, M&M Financial, Bharti Airtel, Chola Finance, Zee Ltd, Deepak Nitrate, Tata Motors, Graphite.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- Bandhan Bank, Chola Finance, PNB, Tata Power
18th May Stock Picks —
( Watch YouTube Video Analysis here –https://youtu.be/P6Bogg2Tz6A )
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards towards 15100-15250.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
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Cheerful Trading !!
