The Indian Equity Markets on Tuesday opened in the green in early morning trade. It was a day of consolidation and the markets were showing tremendous strength as it closed in the positive zone towards the closing bell.
IndusInd Bank, HCL Tech, Bajaj Auto, Tech Mahindra, L&T, and Kotak Bank were the main gainers in trade on Tuesday in the Indian equity markets.
After starting the day in positive zome, the nifty did trade in consolidation mode for some time before gaining some strength and finally ending the day at the closing bell at 17380(+24) levels whereas the Sensex closed at 58247 (+69).
On the other hand, Nestle India, UltraTech Cement, HUL, HDFC, Tata Steel, and Bajaj Finserv were among the laggards.
The Indian Equity markets ended with mild gains on Tuesday and the Market Experts feel that the Bulls will make a strong attempt to scale towards 17600 and higher for the September series.
The Foreign institutional investors bought on Tuesday Rs 1649 Crores whereas Domestic institutional investors Sold Rs 310 Crores.
The FII’s buying in a big way will definitely help the up move in the markets. Most analysts are expecting the markets to now trend upwards to 17600 nifty levels in the Sept Series.
Most experts expect that if FII’S buying continues, the indices will go upwards in the coming few days.
Stocks to watch out for this Wednesday Morning in the Indian Equity Markets
There seems to be a possibility of the banking and financial sector bouncing back strongly to higher levels.
The I.T, Metals & Chemicals Sector also will be keenly watched by the traders.
NBFC’S – Bajaj Finance, Mahindra and Mahindra Financial Services, PEL, Bajaj fin serve, Shriram Transport Finance will be under the radar of the traders.
Private banks like HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Federal Bank, will look to scale higher from hereon.
The I.T companies like Mphasis, TCS, HCL TECH, Tech Mahindra, Co-forge, and Mastek are likely to move up quickly in the coming days.
The other I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be observed for an upwards move in the coming days.
Pharma stocks like Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, SPARC, are expected to do well.
The general Sentiments continue to be positive in the Indian equity markets. The traders will be looking for global cues for direction in the coming days.
The stocks to keep an eye on in the Indian equity markets will be the Banking and Financial Sector, PSU sector, I.T., OMC, Chemicals Sector, Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank, Indusind Bank, Icici Bank, Federal Bank, Canara Bank.
#5 NBFC Stocks: PEL , Bajaj Finance, Shriram Transport, India Bulls Housing Finance, HDFC LTD.
# 5 Pharma Stocks: Dr Reddy's, Granules, Divi’s Lab, Cadila, Glenmark Pharma.
#5 Information Technology Stocks: Wipro, LTI, LTTS, Mastek, Tech Mahindra.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
Arti Surfactants, Fine Organics, SRF, ISGEC Heavy Engineering, Cyient, Gabriel India, Bandhan Bank, Sunteck Realty, Bank of Baroda, Gujarat Alkalies.
After a consolidating day of trading on Tuesday, the view is that the Indian equity markets will go higher from here on in the September Series.
#Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain
15th September Stock Picks–– Infosys, M&M Finance
Watch YouTube Video Analysis here – https://youtu.be/z_OVQ6ezmAA
Most Analysts expect the markets to reach 17600--17800 levels for the near term.
You can watch us live on every trading day on our Facebook Page and YouTube Channel with our Chart Pe Charcha wherein we discuss the respective trading strategy and the stocks.
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
Best wishes for a Cheerful Wednesday in the Indian equity markets!
