The Indian Equity Markets opened gap up on the basis of positive U.S Markets Closing on Friday and then traded in a very narrow range throughout the Monday Trading Sessions.
State Bank of India, Tata Steel, L&T, Bajaj Finserv, Axis Bank, Bajaj Finance, M&M and ICICI Bank were the main gainers in a positive trending day on Monday.
On the other hand, Tech Mahindra, Dr Reddy's, HCL Tech and Titan were among the losers in Trade..
On Monday, Index majors HDFC twins, Infosys and Reliance Industries all gained although trend in global markets were mixed.
It was seen that financials, and Realty indices did well but profit-booking was visible in some I.T. Stocks.
After a positively trending day of trading, Indian Equity markets finally closed with Nifty at 15,834(+112) whereas the Sensex ended positively at 52,880(+395).
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.
The Foreign institutional investors Sold Rs 338 Crores whereas Domestic institutional investors bought Rs 645 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 Banks, I.T., Pharma, Power, and the defensive stocks doing well in the coming days.
Financials & Private banks like RBL Bank, Federal Bank, Axis Bank, Icici Bank, Bandhan Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to move upwards from hereon.
PSU banks will be in focus once the Bank Nifty starts to move upwards.
NBFC’S – PEL, Bajaj Twins, Shriram Transport Finance will give a good opportunity to buy on dips.
I.T Majors like 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 will start with TCS announcing their results on Thursday.
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 Banking Sector, I.T. Sector, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Federal Bank, Axis Bank, HDFC Bank, ICICI Bank, Canara Bank.
#5 NBFC Stocks: M&M Financial, Bajaj Finance, HDFC LTD, IBull Housing, Bajaj Finserve.
# 5 Pharma Stocks: Cadila, 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:
Federal Bank, Axis Bank, Indusind bank, M&M Financial, CCL Products, Chola Finance, ISGEC Heavy Engineering, Deepak Nitrate, Tata Motors, Ashok Leyland.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain- —
6th July Stock Picks–– Bandhan Bank, Indian Bulls Housing Finance, Jindal Steel, M&M, M&M Financials.
(Watch YouTube Video Analysis here – https://youtu.be/jeIsswrh-Zk)
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!
