{"id":3523,"date":"2021-04-15T22:56:56","date_gmt":"2021-04-15T17:26:56","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3523"},"modified":"2021-04-16T08:17:14","modified_gmt":"2021-04-16T02:47:14","slug":"fridays-stock-market-outlook-16th-april-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/fridays-stock-market-outlook-16th-april-2021\/","title":{"rendered":"Friday\u2019s Stock Market Outlook \u2013 16th April 2021"},"content":{"rendered":"\n

Will the Bulls be able to take Nifty Above to 1<\/strong>4800-14900 Levels in the indian equity markets This Friday ?<\/strong><\/h2>\n\n\n\n

The Thursday\u2019s Expiry Trading in the Indian equity markets was a Volatile Session with Markets showing strength towards the closing bell.<\/p>\n\n\n\n

The Indian Equity markets recovered from the early jitters in the morning on the Weekly expiry Day. The nifty closed strongly towards the expiry at 14581 levels (+76) in a trading day of ups and downs swings.<\/p>\n\n\n\n

Sensex at closing bell was up 260 points to end at 48803 levels.<\/p>\n\n\n\n

TCS was very strong with a 4 per cent gain along with ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech.<\/p>\n\n\n\n

On the losing side was Infosys, Maruti, IndusInd Bank, Nestle India and Bajaj Finance.<\/p>\n\n\n\n

The Second half of the Trading session saw a sharp recovery mainly led by financials and Pharma Sector.<\/p>\n\n\n\n

Infosys witnessed profit booking while TCS recovered smartly from the Tuesday\u2019s lows. Strong buying was seen in other IT majors in anticipation of sustained growth potential.<\/p>\n\n\n\n

The Auto Sector seem to be under pressure due to the economic impact of strict curbs imposed by Maharashtra government<\/p>\n\n\n\n

Overall , the Indian equity Markets are evenly poised for the last day of weekly trading session.<\/p>\n\n\n\n

The bulls and the bears both will see an opportunity to profit from the Fridays trading session.<\/p>\n\n\n\n

Most Analysts believe that the Cues from the Global Markets will play a major role in the direction of the markets in the near term.<\/p>\n\n\n\n

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

   The U.S. Markets closed on Thursday with positive cues as Dow Jones closed in at 34,035(+305) , S&P at 4170 (+45 ) whereas NASDAQ closed in at 14,038 (+180).<\/p>\n\n\n\n

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

The Foreign institutional investors sold on Thursday  Rs 730 Crores whereas Domestic institutional investors bought Rs 243 Crores.<\/p>\n\n\n\n

FII\u2019s resuming to buy will be a key factor going forward in deciding the direction for the Indian equity markets. <\/p>\n\n\n\n

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

Most experts expect the indices to continue to be an upward trending marker for the coming few days if the global markets are positive.<\/p>\n\n\n\n

Normally most traders look to book profits on the last day of the week and go with fewer trades for the next week.The second half of the session can be volatile trading session. <\/p>\n\n\n\n

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

There seems to be Sector rotation happening with the Pharma and I.T. coming into the limelight on Thursday.<\/strong><\/p>\n\n\n\n

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

Cement stocks like Ultra Tech Cement , Ambuja Cement,  Grasim , Shree Cement , Dalmia Bharat , Ramco Cement are likely to continue their strength in the coming days.<\/p>\n\n\n\n

Pharma stocks like Glenmark Pharma , 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

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

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

PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda are well set for decent gains in near future.<\/p>\n\n\n\n

 NBFC\u2019S \u2013 Bajaj Finance , Mahindra and Mahindra Financial Services, PEL, Bajaj Finserve, Shriram Transport Finance will looking to move upwards as the bulls take control of the fridays trading session.<\/p>\n\n\n\n

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

With the I.T. Results season happening and the Indian Rupee weakening, The I.T Majors like  TCS ,Infosys, Tech Mahindra, HCL Tech , Wipro are Likely to gain.<\/p>\n\n\n\n

Also Tata Motors, Ashok Leyland, Maruti, Gujarat Pipavav, are expected to regain the positive up move in the near term.<\/p>\n\n\n\n

The general Sentiments in the market seemed to have turned positive with traders awaiting global cues to take a call on which way the markets may move in the near term.<\/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 Thursday<\/strong><\/h3>\n\n\n\n

# 5 Banking Stocks:<\/strong> Kotak Bank, Federal Bank, Icici Bank, RBL Bank, Indusind Bank. <\/p>\n\n\n\n

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

# 5 Pharma Stocks: <\/strong>Glenmark Pharma, Dr Reddy\u2019s , Lupin, Divi\u2019s Lab, Sun Pharma,.<\/p>\n\n\n\n

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

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

Reliance, HDFC LTD, Escorts, DLF, PNB, Deepak Nitrate, Graphite, Gujarat Pipavav, Tata Motors , Ashok Leyland .  <\/p>\n\n\n\n

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

#Stocks to Watch for Trading from LakshmiShree<\/strong> <\/a>in-house Technical Expert Ansul Jain-<\/p>\n\n\n\n

16th April Stock Picks \u2014<\/strong><\/h2>\n\n\n\n

DLF, ESCORTS, HDFC LTD.<\/h2>\n\n\n\n

 (Watch YouTube Video Analysis here<\/strong> \u2013 https:\/\/youtu.<\/a>be<\/a>\/IAwlX5zt63c <\/a> )<\/p>\n\n\n\n

After a relatively positive trading day on Thursday, the view is that the Indian equity Markets will be looking to consolidate and look to Global cues to 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 14800-14900 levels\u2026<\/p>\n\n\n\n

Best wishes for a Cheerful Friday in the Indian equity markets!<\/strong><\/h2>\n\n\n\n
\"Markets<\/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 Facebook Page<\/strong><\/a> & Youtube Channel<\/strong><\/a>.<\/p>\n\n\n\n

Cheerful Trading !!<\/p>\n","protected":false},"excerpt":{"rendered":"

Will the Bulls be able to take Nifty Above to 14800-14900 Levels in the indian equity markets This Friday ? The Thursday\u2019s Expiry Trading in the Indian equity markets was a Volatile Session with Markets showing strength towards the closing bell. The Indian Equity markets recovered from the early jitters in the morning on the Weekly […]<\/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-3523","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\/3523","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=3523"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3523\/revisions"}],"predecessor-version":[{"id":3530,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3523\/revisions\/3530"}],"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=3523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}