The Indian Equity Markets opened gap up the basis of positive global cues and then profit booking happened at all time high levels.
Titan, TCS, HCL Tech, Reliance Industries, UltraTech Cement and Bharti Airtel were the main losers in trade on Monday.
Dr Reddy's, Tata Steel, Tech Mahindra, Sun Pharma and HUL closed in the green on a volatile day of trading.
The first day of trading saw the PSU banks were in focus in anticipation of progress in privatisation. Profit booking at higher levels led to volatility during the day.
The FM's announcement on fresh stimulus also did bring in some positivity and uncertainity.
The Indian equity markets saw profit booking at all time high levels as both the indices reached All-Time highs intra day.
Finally at Closing Bell on Monday’s volatile trading session, the Nifty ended at 15,814(-45) whereas the Sensex ended at 52,735(-189).
Most Analysts believe that Indian equity markets will be going up during this week due to the positive mood in the global markets and Indian Markets after the stimulus announcement after market hours on Monday.
The Foreign institutional investors Sold Rs 1658 Crores whereas Domestic institutional investors bought Rs 1277 Crores.
Most experts believe that the Indian equity markets will continue to be trend upwards and move towards the all-time high during this week.
There seems to be a possibility of the I.T, Banks, Pharma, Power, OMC, and the defensive stocks doing well in the coming days.
PSU banks will be in focus in anticipation of progress in privatisation.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
Financials & Private banks like RBL Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.
I.T Majors like Co-forge, 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.
Pharma stocks like Cadila, Glenmark Pharma, 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 Banking Sector, I.T. Sector, OMC Stocks, FMCG Stocks and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, HDFC Bank, Bank of Baroda, ICICI Bank, Canara Bank.
#5 NBFC Stocks: Bajaj Finance, PEL, HDFC LTD, IBull Housing, Bajaj Finserve.
# 5 Pharma Stocks: Cadial, Divi’s Lab, Cipla, Glenmark Pharma, Dr. Reddy’s.
#5 Information Technology Stocks: LTTS, TCS, Mastek, Co- Forge, Infosys.
#10 Other Main Stocks to watch out for on this Tuesday Morning in the Indian Equity Markets:
Bandhan Bank, 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- —
28th June Stock Picks–– Mphasis, Hind Petro, Wipro.
( Watch YouTube Video Analysis here –https://youtu.be/uIikRkpYUGg )
The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s to move upwards of16000 Nifty Levels.
INDIAN EQUITY MARKETS THIS TUESDAY MORNING!
We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar on our Facebook Page & Youtube Channel.
Cheerful Trading !!
