{"id":3552,"date":"2021-04-22T21:48:55","date_gmt":"2021-04-22T16:18:55","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3552"},"modified":"2021-04-24T12:56:11","modified_gmt":"2021-04-24T07:26:11","slug":"fridays-stock-market-outlook-23rd-april-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/fridays-stock-market-outlook-23rd-april-2021\/","title":{"rendered":"Friday\u2019s Stock Market Outlook \u2013 23rd April 2021"},"content":{"rendered":"\n

Will the Bulls be able to take Nifty Above 1<\/strong>4500-14600 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 indices opened gap down in the morning session but quickly recovered in some time. Then Gradually the indices moved up on the back of strong buying in Financials and Metal Sector.<\/p>\n\n\n\n

ICICI Bank along with HDFC, Bajaj Auto, HDFC Bank, SBI, Kotak Bank,Bajaj Finance were the top gainers.<\/p>\n\n\n\n

On the losing side was Titan, HUL, Asian Paints, Tech Mahindra and Nestle.<\/p>\n\n\n\n

Finally the Thursday expiry closing happened at 14406(+109)  Nifty levels and 48080 (374)Sensex levels.<\/p>\n\n\n\n

In today\u2019s Trade, Financials and Metal stocks were very strong while profit booking happened in Pharma stocks.<\/p>\n\n\n\n

It will be interesting to see which way the Indian equity markets turn on the last day of trading week.<\/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

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

The Foreign institutional investors sold on Thursday  Rs 909 Crores whereas Domestic institutional investors bought Rs 849 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 Banking and Financials gaining strength on Thursday. The Pharma Stocks saw profit booking 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.<\/p>\n\n\n\n

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

The private banks like ICICI Bank, Federal Bank, Kotak Bank, Indusind Bank, Axis Bank, HDFC Bank will look to 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

The I.T Majors like  TCS ,Infosys, Tech Mahindra, HCL Tech , Wipro are Likely to gain if the global markets remain positive.<\/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 Financails , Metals Sector , I.T 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 Friday<\/strong><\/h3>\n\n\n\n

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

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

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

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

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

HDFC LTD, Escorts, DLF, PNB, Deepak Nitrate, Graphite, Gujarat Pipavav, Tata Motors , Ashok Leyland ,Tata Chemical.  <\/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

23th April Stock Picks \u2014<\/strong> PEL, Shriram Transport Finance.<\/h2>\n\n\n\n

 (Watch YouTube Video Analysis here<\/strong> \u2013 https:\/\/youtu.be\/LVug4Iv41Cc<\/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 14500-14600 levels\u2026<\/p>\n\n\n\n

Best wishes for a Cheerful Friday in the Indian equity markets!<\/strong><\/p>\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 14500-14600 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 indices opened gap down in the morning session but quickly recovered in some time. Then Gradually […]<\/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-3552","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\/3552","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=3552"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3552\/revisions"}],"predecessor-version":[{"id":3559,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3552\/revisions\/3559"}],"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=3552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}