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Posted on  May 3, 2021 under  by Team Lakshmishree

Tuesday Stock Market Outlook – 4th May 2021

Stock Market Today This Tuesday Morning

Can the Nifty move upwards towards 14800 this Tuesday?

The Indian equity markets opened with a gap down in the early Monday trading session.

The nifty then managed to recoup losses during the afternoon session to finally close at 14,634, whereas the BSE Sensex was closed at 48,718(-63).

In Monday’s Trading session, buying was seen in Metals, Telecom, FMCG, and power space whereas Energy, Banks, Oil & gas and Realty saw profit-taking.

Axis Bank, Titan, IndusInd Bank, Reliance Industries,Kotak Bank, ONGC, ITC and ICICI Bank were amongst the losers on monday.

The outlook for the near term will depend on the fast recovery as far as the covid situations in the country is concerned and the fii resuming to buy.

Fii’s and Dii’s buy /sell figures on Monday.

The Foreign institutional investors sold Rs 2289 Crores whereas Domestic institutional investors bought Rs 552 Crores.

Analysis for Indian Equity Market Tuesday’s Trading

Most experts believe that the indian equity markets will continue to be volatile till the covid situation improves.

The upward movement will resume once the FII Starts buying.

Stocks to watch out for this Tuesday Morning in the Indian Equity Markets

There seems to be a possibility of the Metals , Banks , I.T., Pharma and the defensive stocks doing well in the coming days.

Banking and Financial Sector

Financials & Private banks like Axis Bank, Icici Bank, Bandan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to recover from hereon.

 NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give good opportunity to buy on dips.

Technology Sector

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 and Cement stocks

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 watch out for in the Indian equity markets

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.

Keep these stocks under your radar for Trading and investments on Tuesday.

# 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:

Container Corp, Adani Ports, Adani Enterprise, Bharti Airtel, Chola Finance, Zee Ltd, India Bulls Housing Finance, Deepak Nitrate, Tata Motors, Graphite.  

Trading View for Indian equity markets this Tuesday Morning

#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-

4th May Stock Picks — Chola Finance, India Bulls Housing finance, Zee Ltd.

 ( Watch YouTube Video Analysis here – https://youtu.be/TdPcYoHt_gc  )

The view is that for the Indian equity Markets the bulls will need strong buying from Fii’s.

This will help the Nifty to cross the 14700 -14800 levels on Tuesday.

INDIAN EQUITY MARKETS THIS TUESDAY MORNING!

Best wishes for a Cheerful Tuesday in the Indian equity markets!

Markets This Thursday Morning- Cheerful Trading

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 !!

Written by Team Lakshmishree

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