The Indian Equity Markets opened gap down on the basis of negative global and U.S Markets cues on Friday.
HDFC Bank, IndusInd Bank, Axis Bank, HDFC, Maruti, and Bajaj Finance were the main losers in trade-in weak markets on Monday.
On the other hand, BSE, CDSL, and other broking stocks did go up on positive triggers in this sector.
Sector-wise auto and metal indices also corrected over 1 percent. Barring realty and pharma, most key sectoral indices witnessed contraction.
After starting the day in the negative zone, The Nifty did recover to 15820 and was stable there for a long time. In the post-lunch session, as the dow futures started to slide further, the nifty started to weaken and ended up at closing bell at 15,752(-171) levels whereas the Sensex closed at 52,442(-586)levels.
Most analysts feel that the global markets will be the guiding force for the Indian equity markets this week.
The Foreign institutional investors Sold Rs 2198 Crores whereas Domestic institutional investors bought Rs 1047 Crores.
Most experts believe that the Indian equity markets can continue to move upwards when the FII's resume buying and move towards the all-time high during this week.
There seems to be a possibility of the I.T. Sector, Power, Banks & NBFC's, Pharma, Power, and the defensive stocks doing well in the coming days.
Financials & Private banks like Equitas Small finance bank, Ujivan Bank, IDFC, RBL Bank, Federal Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from the weakness of Monday's Trade.
PSU banks will be in focus once the Bank Nifty starts to move upwards.
NBFC’S – IDFC LTD, Equitas Holding, PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
I.T Majors like HCL TECH, MASTEK, LTTS, LTI, TCS, Wipro, Infosys, Tech Mahindra, Mastek, and HCL Tech are bound to gain in the coming days.
Major I.T. Companies can be accumulated for a decent upside since the results season seems to be good and encourage the investors and traders to buy them.
Pharma stocks like Glenmark Pharma, Cadila, Dr. Reddy’s, Lupin, Divi’s Lab, Cipla, and Sun Pharma are expected to do good.
The stocks to keep an eye on in the Indian equity markets will be the Power Sector, Banking Sector, I.T. Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: RBL Bank, Axis Bank, HDFC Bank, ICICI Bank, Canara Bank.
#5 NBFC Stocks: Equitas holding, IDFC LTD, PEL, IBull Housing, Bajaj Finserve.
# 5 Pharma Stocks: Cadila, Divi’s Lab, Cipla, Glenmark Pharma, Dr. Reddy’s.
#5 Information Technology Stocks: HCL TECH, LTTS, Mastek, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
BF Utilities, BF Investments, IDFC Ltd, Equitas Holding, Federal Bank, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, Ashok Leyland, Gujarat Alkalies.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
20th July Stock Picks–– Bajaj Finserve, Tata Motors.
(Watch YouTube Video Analysis here –https://youtu.be/D6MBPtiBKF0 )
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of16000 -16200 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
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