The Indian equity markets as predicted on Thursday morning update first consolidated and then closed strongly in positive territory at the closing bell.
The Bank Nifty is very interestingly poised and it is to be seen if Bank nifty crosses 31,000 Levels this Friday finally.
On Thursday, Both the Nifty and Sensex traded similar to the past few days' trends of opening and consolidating in a range. But then the markets gave on this Thursday 2 times chance for everyone to buy on dips before moving up towards the higher levels at the closing bell. Post Afternoon, the expiry related volatility did bring down many stocks that had gained considerably in the morning.
This Friday, The cues from U.S. Market’s Thursday closing is strongly positive with NASDAQ closing positively at 12764(+106).
The S&P closed on the positive side at 3722 (+21).
The Dow Jones closed strongly in the positive territory at 30,303(+148).
The SGX Nifty is Trading on Positive side this Friday early morning.
In the Indian equity Markets early morning Trading, Nifty, and Sensex will open with a gap up in the initial hour of equity trading. Then the markets may move depending on the cues from the Dow Jones Futures Today and European Markets opening.
All the days of this week, The Indian equity markets showed a similar pattern of trading during the day.
In the morning it consolidates and then gives the traders a chance to buy on dips.
This Thursday too, there were 2 dips to buy for the traders during the day.
In the Afternoon as the European markets opened and the expiry related volatility happened, the Indian equity markets came down from the highs.
At Thursday’s Closing Bell, Nifty closed the day strongly in the positive.
Nifty managed to close strongly in the green at 13,740 (+58) levels.
The Sensex closed at 46,890, (+223) whereas Bank Nifty closed at 30,847 (+148) levels in the Indian equity markets on Thursday.
The NBFC stocks and banking stocks like HDFC, HDFC BANK, Bajaj Finance, IndusInd Bank lead the way by gaining anywhere between 2% to 4%.
The I.T. Large caps like TCS did close with some positive gains whereas Infosys, HCL Technologies was subdued on Thursday.
The Energy pack of Coal India, ONGC, and BPCL had a minor dip day.
On Thursday, The U.S. Markets Closing was strongly positive with NASDAQ closing positively at 12764(+106).
The S&P closed at 3722 (+22).
The Dow Jones closed in strongly in positive territory at 30,303(+148).
Many analysts believe that Indian equity markets will be an opening gap up on this Friday morning.
They expect the Indices to move up depending on the cues from SGX Nifty, U.S. Dow Jones Futures, and European Markets opening.
The Bank Nifty crossing 31000 levels will lead to a big rally in the financial and NBFC Stocks in the Friday trading in Indian equity markets.
The Strong closing of Nasdaq and the ADR of Indian I.T. Stocks like Infosys and TCS will reflect in the Indian equity markets.
Infosys and TCS will be opening strongly this Friday morning in early morning trades.
The HDFC Twins- HDFC & HDFC Bank, Bajaj Twins –Bajaj Finance and Bajaj Finserve, Indus Ind bank will be keen under the radar of many traders on Friday.
Most analysts suggest that these stocks along with Reliance, L&T, with little help from the I.T. Bellwethers TCS & Infosys will be the mainstay stocks to take nifty further upwards.
The Other Stocks to watch out for on Friday will be HDFC Standard Life, LIC housing finance, IB housing Finance, and smaller stocks like Mahindra and Mahindra financial services.
The New NSE Financial Index launch today can also help in the momentum in the NBFC and Financial Stocks this Friday.
The Energy stocks had a minor dip day on Thursday.
The stocks to watch out for on Friday are BPCL, ONGC, NTPC, HPCL, and Coal India. The Disinvestment related news and activities in BPCL can always have a positive trigger for BPCL and the entire energy sector in the near term.
FMCG stocks like HUL, Dabur, and Britannia closed on Thursday on the negative side and would look forward to resuming their upward journey.
The I.T. Large cap Stocks like TCS, Infosys opened in the green on Thursday.
TCS, HCL Technologies managed to close in the positive side strongly.
Infosys, Tech Mahindra was in the slightly negative territory.
The Large Caps like Reliance and L&T showed strength and closed strongly on the positive side.
Pharma stocks like Dr. Reddy, Divi’s Lab, Cadila, all closed in the positive territory on Thursday trade.
The stocks to keep an eye on in the Indian equity markets will be Reliance, Infosys, TCS, HDFC Twins, Bajaj Twins, L&T, Dr. Reddy, Divi’s Lab.
The sector and stocks to focus on will be NBFC, Banks, I.T. Stocks, Energy sector stocks, and the Pharma Stocks.
HDFC, HDFC BANK, Bajaj Finance, Bajaj finserve, IB Housing Finance, LIC Housing Finance, Indusind Bank, Infosys, TCS, and HCL Technologies.
The other stocks which can be active are Reliance, Jubilant Foods, Bharti Airtel, Adani Enterprise, Adani Post, BPCL, Bharat Forge, Maruti, Ashok Leyland, and Tata Motors.
Most Equity Market Pundits are of the opinion that a Positive outlook for Indian equity markets will continue on Friday.
It will be keenly watched if Bank Nifty manages to scale above 31,000 Levels this Friday.
The I.T. Sector stocks like Infosys and TCS are expected to have a good day this Friday.
After keenly observing the initial hour of trading, it would be a great idea to get into sectors that are showing momentum to make the most of the potential opportunities.
It goes without saying that most experts are alerting a word of caution and advising against taking heavily leveraged trades on either side.
Main Stocks to watch out for This Friday in the Indian equity markets!
Bajaj Finance, Bajaj finserve, HDFC, IB Housing Finance, HDFC Bank, Indusind Bank, ICICI Bank, Shriram Transport Finance, and Piramal Enterprise Limited.
TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra,.
Jubilant Foods, Reliance, Bharti Airtel, BPCL, Bharat Forge, Maruti, Adani Enterprise, Adani Port,
Shriram Transport Finance, Piramal Enterprise Limited, Mahindra, and Mahindra Financial Services.
Since the cues from U.S Markets Thursday are mixed for the Indian Markets, Analysts are anticipating a consolidating start on Thursday morning.
It will be fascinating to see if the Indian equity markets continue their upward trend and manage to close on a positive note on Friday.
Tips Worth following for becoming a successful trader and investor in the Indian equity markets.
#When Trading, It’s useful to realise that what “should happen” may not actually happen.
# The more you can accept what the markets have to offer, the calmer you'll trade, and the more profits you'll realize.
“Best wishes for a fascinating day in the Indian equities markets!
Cheerful Trading !!
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