The Indian Equity Markets opened gap up in the early morning session on Tuesday. Then the Nifty did consolidate and slowly moved upwards during the day. The Nifty did slide a little towards the end.
Asian Paints, Axis Bank, ICICI Bank, Hindustan Unilever, IndusInd Bank, Infosys and HDFC Bank were the main gainers on Tuesday’s trading session.
Bajaj Finserv, Dr Reddy's, Titan, Sun Pharma, Bajaj Finance and PowerGrid were among the losers.
Finally at Closing Bell on Tuesday’s upward trending trading session, the Nifty ended at 15,869(+57) whereas the Sensex ended at 52,773(+221).
Analysts believe that investors will continue to focus on the Global cues for the direction of the markets in the near term.
The Foreign institutional investors Bought on Tuesday Rs 633 Crores while Domestic institutional investors Sold Rs 649 Crores.
If the FII’s continue to buy, then it will be a big positive for the up move in the markets. Most analysts are expecting the markets upwards towards 16000 nifty levels in the near term.
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 banks to higher levels.
The I.T., Banking, OMC, 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 under the radar of the traders.
Private banks like HDFC Bank, ICICI Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Axis Bank, Federal Bank, will look to scale higher from hereon.
The I.T Majors like Infosys, Wipro, TCS, Tech Mahindra, Co-forge and Mastek can move up quickly.
The Mid- Cap I.T. Stocks like LT Infotech, Intellect Design, Sonata Software also can be watched keenly for an upwards move in the days to come.
Pharma stocks like Glenmark Pharma, Lupin, Divi’s Lab, Dr. Reddy’s, Cipla, and Sun Pharma are expected to give good returns in the short term.
The general Sentiments in the market seemed to have turned bullish. 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 PSU sector, OMC, Chemicals Sector, Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Rbl Bank, HDFC Bank, Indusind Bank, Icici Bank, Axis Bank.
#5 NBFC Stocks: PEL, Shriram Transport, India Bulls Housing Finance, HDFC LTD, Bajaj Finance.
# 5 Pharma Stocks: Cadila, DrReddy’s, Divi’s Lab, Glenmark Pharma, Sun Pharma.
#5 Information Technology Stocks: LTTS, Mastek, Tech Mahindra, TCS, Wipro.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
LT Infotech, Mastek, PI Industries, Tata Motors, Bandhan Bank, Motherson Sumi, India Bull’s housing, SBI, Rbl Bank, Hindalco, M&M.
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
16TH June March Stock Picks — Ashok Leyland, Bajaj Auto, HDFC LTD, JSW STEEL, LUPIN, M&M
( Watch YouTube Video Analysis here –https://youtu.be/iGEYxTedUGo)
After a consolidation day of trading on Tuesday, the view is that the Indian equity markets will go higher if Fii continues to Buy.
Most Analysts expect the markets to reach 16000 levels for the near term.
Best wishes for a Profitable Wednesday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
