The Nifty managed to close in the green at 13,392 (+37) levels on Tuesday. The Sensex closed at 45,608 (+181) whereas Bank Nifty closed positively at 30,261(+50) levels.<\/p>\n\n\n\n
Most experts expect the indices on Wednesday to be choppy with trades on both sides especially since the weekly expiry is nearing on Thursday. According to them, the positive view for Nifty continues to remain intact for this week.\u00a0<\/p>\n\n\n\n
Cues from U.S.Markets :<\/h2>\n\n\n\n
The U.S. Markets closed with\u00a0 Dow Jones closing at 30,173(+104 ), S&P closing at 3702(+10), and\u00a0 Nasdaq closing at 12582(+62 ). Many analysts believe that Indian markets will be further consolidating in the coming 2 days with the opportunity to trade with an upward bias. The closing of all 3 Indices in U.S.Markets in positive will give strength to Indian indices opening with a positive outlook.<\/p>\n\n\n\n
Fii\u2019s and Dii\u2019s buy \/sell figures for Tuesday -<\/h2>\n\n\n\n
The Foreign institutional investors continue to buy with the Tuesday figures at Rs 2909 crores even though domestic institutional investors continue to sell with Tuesday figures at Rs2640 crores. FII\u2019s buying continues while the DII\u2019s keep selling and the market slowly but steadily moving upwards. <\/p>\n\n\n\n
Stocks to watch out for this Wednesday:<\/h2>\n\n\n\nBanking and financial sector:<\/h3>\n\n\n\n
Some of the stocks which can be active on Wednesday are the Psu banking stocks. It is to be seen if profit booking happens in Psu banking stocks or they continue the upward trend of Tuesday.<\/p>\n\n\n\n
The private banks can see some activity after having a minor dip on Tuesday. The stocks like Indusind bank, Axis Bank, Icici bank, Sbi from the banking sector and Sbi life, Max financial services and Hdfc standard life from the insurance sector, Bajaj Twins, Shriram Transport Finance, will be keenly watched out on Wednesday. <\/p>\n\n\n\n
Technology Sector: <\/h3>\n\n\n\n
Infosys, TCS and HCL technology continues to show good strength and are the favoured stocks of most market participants for the coming days of this week.<\/p>\n\n\n\n
Pharma and cement stocks: <\/h3>\n\n\n\n
Pharma stocks like Dr Reddy, Lupin, Wockhardt and other stocks like Bharat Forge, Bharti Airtel, Maruti, Adani Enterprise, Adani Port, Lupin, UltraTech Cement, and ACC are expected to be in the limelight. <\/p>\n\n\n\n
The general sentiment in the market is that the Psu stocks would be active. It is also to be noted that few analysts are advising a word of caution about these stocks and are advising a prudent entry and exit strategy to make the most of the momentum in these stocks. These stocks tend to be highly volatile and heavily leveraged trades are avoidable for a prudent investor.<\/p>\n\n\n\n
Overview:<\/h3>\n\n\n\n
To sum up, for this Wednesday the positive outlook seems to be intact till the expiry on Thursday.<\/p>\n\n\n\n
The upward movement towards 13500-13600 nifty levels in the near term seems highly possible.<\/p>\n\n\n\n
The bank nifty moving another 400-500 points upwards is expected by many analysts.<\/p>\n\n\n\n
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