{"id":3342,"date":"2021-03-07T11:51:48","date_gmt":"2021-03-07T06:21:48","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3342"},"modified":"2021-03-07T22:32:48","modified_gmt":"2021-03-07T17:02:48","slug":"monday-morning-stock-market-outlook","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/monday-morning-stock-market-outlook\/","title":{"rendered":"Monday Stock Market Outlook \u2013 8th March 2021"},"content":{"rendered":"\n

Stock Market Today<\/h1>\n\n\n\n

Will the bulls be able take Nifty to New Highs this week?<\/strong><\/h2>\n\n\n\n

\u00a0<\/strong>The Friday\u00a0Trading in the Indian equity markets was a within a range day with the opportunity to sell on highs' sort of session.<\/p>\n\n\n\n

The markets opened gap down due to weak global cues and then did  bounce little higher to stay above 15000 levels .<\/p>\n\n\n\n

In the second half session, it did give up some of the gains and lost 100 points. Then towards closing it did regain some loses to close around 15000 levels.<\/p>\n\n\n\n

Finally, at the closing bell, the Nifty <\/a>closed little below 15000 levels at 14938 levels (-142), the Sensex<\/a> at 50405(- 440) and the bank nifty closed at 35228(-574).  <\/p>\n\n\n\n

Sbi, Wipro, Icici Bank and Tata Motors were among the top Nifty losers, while gainers were ONGC, GAIL, Maruti, Kotak Bank, Hero Motocorp.<\/p>\n\n\n\n

The Global Cues on Friday was positive with all the 3 U.S Indices closing in green.<\/p>\n\n\n\n

The Bulls will be waiting to push the Nifty above 15100 levels on Monday with a Gap up opening.<\/p>\n\n\n\n

If nifty stays above 15100 levels for some time, most analysts expect strong short covering to happen .They expect the nifty in such a situation to bounce back to 15250-300 levels which has a strong resistance.<\/p>\n\n\n\n

Fii\u2019s and Dii\u2019s buy \/sell figures on Friday.<\/strong><\/h2>\n\n\n\n

The Foreign institutional investors sold on Friday Rs 2014 Crores whereas Domestic institutional investors sold Rs 1191 Crores.<\/p>\n\n\n\n

FII\u2019s selling in such big quantity is a concern and most analysts are expecting FII\u2019s buying to resume in the coming week.<\/p>\n\n\n\n

Cues from U.S. Equity Markets<\/strong><\/h2>\n\n\n\n

\u00a0The U.S. Markets closed on Friday with strong positive cues as Dow Jones closed in at 31,496 (+572), S&P at 3841 (+73) whereas NASDAQ closed in at 12920 (+196).<\/p>\n\n\n\n

For the coming week, most analysts believe that Indian markets will be trending higher with the global markets cues important in deciding the near term direction of the markets.<\/p>\n\n\n\n

One of the main factors will be that the bond yields should stabilise in the US Markets for the coming week. Many analysts are expecting the Fed to hold interest rate, maintain QE and announce measures to curb bond yields.<\/h5>\n\n\n\n

Analysis for Indian Equity Market for Monday\u2019s Trading<\/strong><\/h2>\n\n\n\n

Most experts expect the indices to continue to trend upwards for the coming few days with the  downward movement happening only if the US Markets bond yields again starts moving upwards.<\/p>\n\n\n\n

Stocks to watch out for this Monday Morning in the Indian Equity Markets<\/strong><\/h2>\n\n\n\n

There seems to be a possibility of the banking and financial sector bouncing bank from the lows of last week.<\/strong><\/p>\n\n\n\n

Banking and Financial Sector<\/strong><\/h3>\n\n\n\n

The private banks like Axis Bank, Icici Bank, Federal Bank, Indusind Bank, Kotak Bank, HDFC Bank will look to consolidate and move further up from the last week\u2019s lows.<\/p>\n\n\n\n

PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda did see some corrections and can be accumulated for decent gains in near future.<\/p>\n\n\n\n

 NBFC\u2019S \u2013 Mahindra and Mahindra Financial Services, PEL, Bajaj Twins, Shriram Transport Finance will under the radar of the traders especially since the global markets was in positive territory on Friday closing.<\/p>\n\n\n\n

Technology Sector<\/strong><\/h3>\n\n\n\n

The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, and HCL Tech are looking strong with the dollar strengthening and these stocks can move up quickly after a long period of consolidation.<\/p>\n\n\n\n

Also Tata Motors, Ashok Leyland, Gujarat Pipavav, had a subdued couple of days and they are expected to regain the positive up move in the near term.<\/p>\n\n\n\n

Pharma and Cement stocks<\/strong><\/h3>\n\n\n\n

Cement stocks like Ambuja Cement,  Grasim , Shree Cement , Dalmia Bharat ,Ramco Cement are likely to show strength as the broader market looks to maintain the upwards momentum from Thursday\u2019s session.<\/p>\n\n\n\n

Pharma stocks like Dr Reddy\u2019s, Lupin, Divi\u2019s Lab, Cipla, Sun Pharma, and Cadila are expected to do good in the near term.<\/p>\n\n\n\n

The general Sentiments in the market seemed to have turned bullish with traders taking global cues to take the markets to new highs in the coming week.<\/p>\n\n\n\n

The Stocks to watch out for in the Indian equity markets<\/strong><\/h2>\n\n\n\n

The stocks to keep an eye on in the Indian equity markets will be the I.T Sector, Banking Sector, NBFC Sector , Pharma Stocks, FMCG Stocks, and Cement sector Stocks.<\/p>\n\n\n\n

Keep these stocks under your radar for Trading and investments on Monday.<\/strong><\/h2>\n\n\n\n

# 5 Banking Stocks:<\/strong>\u00a0Axis Bank, Federal Bank, ICICI Bank, Indusind Bank, Kotak Bank.\u00a0<\/p>\n\n\n\n

#5 NBFC Stocks: <\/strong>Bajaj Finance, PEL, HDFC LTD,\u00a0IBull Housing, Shriram Transport.<\/p>\n\n\n\n

# 5 Pharma Stocks: <\/strong>Cipla, DrReddy\u2019s, Lupin, Divi\u2019s Lab, Sun Pharma.<\/p>\n\n\n\n

#5 Information Technology Stocks:  <\/strong>Wipro, TCS, Infosys, HCL TECH, Co- Forge.<\/p>\n\n\n\n

#10 Other Main Stocks to watch out<\/strong> for on this Monday Morning in the Indian Equity Markets:<\/p>\n\n\n\n

Reliance, Deepak Nitrate, Graphite, Mahindra and Mahindra, Tata Motors, Ashok Leyland, Adani Port, Adani Power, Tata Power, Canara Bank.  <\/p>\n\n\n\n

Trading View for Indian equity markets this Monday Morning<\/strong><\/h2>\n\n\n\n

After a weak trading day on Friday, the view is that the Indian equity Markets will be looking to open gap up on the back of   Global cues and then will decide on the near term direction.<\/p>\n\n\n\n

The positive cues from the US Markets will emboldened the Bulls to take the markets towards 15300-15400 levels\u2026<\/p>\n\n\n\n

 Most Analysts expect the markets to reach new highs in this March expiry.<\/strong><\/p>\n\n\n\n

Best wishes for a Cheerful Monday in the Indian equity markets!<\/p>\n\n\n\n

\"Stock-market-today\"
INDIAN EQUITY MARKETS THIS FRIDAY MORNING<\/strong><\/figcaption><\/figure>\n\n\n\n

We do conduct Pre-Market Analysis webinars daily in the morning. You can join this live webinar of today through our\u00a0Facebook Page<\/strong><\/a>\u00a0&\u00a0Youtube Channel<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stock Market Today Will the bulls be able take Nifty to New Highs this week? \u00a0The Friday\u00a0Trading in the Indian equity markets was a within a range day with the opportunity to sell on highs' sort of session. The markets opened gap down due to weak global cues and then did  bounce little higher to […]<\/p>\n","protected":false},"author":1,"featured_media":3239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290],"tags":[],"class_list":["post-3342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-stock-market-outlook"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=3342"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3342\/revisions"}],"predecessor-version":[{"id":3349,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3342\/revisions\/3349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/3239"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=3342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}