The Tuesday trading session in the Indian equity markets was a day of positive momentum with the indices closing strongly in the green.
Indian equity markets started the day with a gap up opening .The Bulls strongly defended the support levels and didnt allow the bears to bring down the nifty on Tuesdays trading.
Reliance Industries,L&T, Bajaj Finance, IndusInd Bank, SBI and HDFC Bank were amongst the gainers on Tuesday.
Dr Reddy’s, Maruti, NTPC, Kotak Bank, Nestle India were on the losing side.
Finally the Indian equity market closed in green with Nifty at 14653 (+ 168) whereas Sensex closed at 48,944 (+557.
Metals, Capital Goods, and Banking Sector was strong whereas the Pharma sector came in for some profit booking.
The BSE healthcare ,Metals and Realty indices showed strength in the early morning trade while banking sector saw weakness.
Among individual stocks, a price and volume spike was seen in SAIL, Deepak Nitrate ,Navin Fluorine International and Granules ,Graphite , HEG.
The Positive Global sentiments helped the Indian markets to maintain the positive momentum on Tuesdays trading.
The Foreign institutional investors sold on Tuesday Rs 1454 Crores whereas Domestic institutional investors bought Rs 1463 Crores.
If the FII’s start to buy then it will be a big positive for the upmove in the markets . Most analysts are expecting the markets upwards towards 15000 nifty levels.
Most experts expect that if FII’S starting to buy again, the indices will continue to trend upwards for 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 bank to higher levels.
The Metals & Chemicals Sector also will be keenly watched by the traders since both showed tremendous strength on Tuesday.
Private banks like HDFC Bank , ICICI Bank, Bandan Bank, Indusind Bank , Kotak Bank , Axis Bank, Federal Bank, will look to consolidate and move further up.
PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda is likely to go up further in the coming days
NBFC’S – Bajaj Finance , Mahindra and Mahindra Financial Services, PEL, Bajaj finserve, Shriram Transport Finance will under the radar of the traders.
The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, Co-forge and HCL Tech can move up quickly.
The Mid- Cap I.T. Stocks like Mastek, Intellect Design, Sonata Software also can be watched keenly for any upwards move in the days to come.
Cement stocks like Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to gain from here as the broader market looks to maintain the upwards momentum from Tuesday’s session.
Pharma stocks like Glenmark Pharma, Lupin, Divi’s Lab , Dr Reddy’s, Cipla, Sun Pharma, and Cadila are expected to give good returns in the short term.
The general Sentiments in the market seemed to have turned midly positive.The traders will be looking for global cues to take the markets to new highs in the coming week.
The stocks to keep an eye on in the Indian equity markets will be the Metals and Chemicals Sector, I.T Sector, Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.
# 5 Banking Stocks: Axis Bank , HDFC Bank , Indusind Bank, Rbl Bank, ICICI Bank.
#5 NBFC Stocks: PET , HDFC LTD, IBull Housing, Shriram Transport, Bajaj Finserve.
# 5 Pharma Stocks: Sun Pharma, Cadila, DrReddy’s, Divi’s Lab, Glenmark Pharma.
#5 Information Technology Stocks: Co-forge , Tech Mahindra , TCS, HCL TECH, Wipro.
#10 Other Main Stocks to watch out for on this Wednesday Morning in the Indian Equity Markets:
HDFC LTD, M&M, Motherson Sumi, India Bulls housing , SBI,Rbl Bank , Tata Motors , Deepak Nitrate, Adani Port , Bandhan Bank .
# Stocks to Watch for Trading from LakshmiShree in-house Technical Expert Ansul Jain-
28TH April March Stock Picks — HDFC LTD, M&M, Motherson Sumi.
( Watch YouTube Video Analysis here – https://youtu.be/kLh-YLNUsqs )
After a positive day of trading on Tuesday , the view is that the Indian equity Markets is that the bulls will to be back with a little help from the Global Markets and Fii Buying.
Most Analysts expect the markets to reach 14800-900 levels for April Expiry on Thursday.
Best wishes for a Profitable Wednesday in the Indian equity markets!
INDIAN EQUITY MARKETS THIS WEDNESDAY MORNING!
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 !!
