{"id":3637,"date":"2021-05-23T19:39:13","date_gmt":"2021-05-23T14:09:13","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3637"},"modified":"2021-05-23T19:46:26","modified_gmt":"2021-05-23T14:16:26","slug":"monday-stock-market-outlook-24th-may-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/monday-stock-market-outlook-24th-may-2021\/","title":{"rendered":"Monday Stock Market Outlook \u2013 24th May 2021"},"content":{"rendered":"\n

Stock Market This Monday Morning<\/strong><\/h2>\n\n\n\n

Will the Nifty move above 15200 levels This Monday?<\/h2>\n\n\n\n

On Friday, Indian equity markets trading was trending upwards day with a gap up opening in the early morning session. It was a day in which the bulls took control and didn't give the bears a chance to bring down the Markets. The Financials made a big comeback on the back of strong numbers from SBI. <\/p>\n\n\n\n

Amongst the Stocks, SBI, HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda all did very well and ended in Green on friday.<\/p>\n\n\n\n

On the other hand, PowerGrid and Dr Reddy's  were on the losing side.<\/p>\n\n\n\n

Finally the Indian equity markets ended strongly with Sensex  at 50,540(+975) and the Nifty at  15,175(269).<\/p>\n\n\n\n

Most analysts believe that the Steady earnings reported by BFSIs including SBI and emerging clarity about asset quality in the backdrop of the receding daily caseload in the second wave aided financials to rebound.<\/p>\n\n\n\n

The coming week will be interesting with the bulls waiting to take the markets higher on the back of strong positive U.S. Markets closing.<\/p>\n\n\n\n

The sentiments in the global markets have turned bullish in the last couple of days and the same will be a factor in Monday\u2019s trading session.<\/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 bought on Friday Rs510 Crores whereas Domestic institutional investors bought Rs 649 Crores.<\/p>\n\n\n\n

The FII\u2019s starting to buy will be a big positive for the up move in the markets. Most analysts are expecting the markets upwards towards 15400-15500 nifty levels in the near term.<\/p>\n\n\n\n

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

Most experts expect that if FII\u2019S continues to buy again, the indices will go upwards in the coming few days.<\/p>\n\n\n\n

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

The PSU sector was in the limelight in the last week and the same is expected on Monday too.<\/p>\n\n\n\n

There seems to be a possibility of the banking and financial sector bouncing bank to higher levels.<\/p>\n\n\n\n

The Metals & Chemicals Sector also will be keenly watched by the traders.<\/p>\n\n\n\n

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

PSU Banks like Canara Bank, Karnataka Bank; Bank of Baroda, Showed good momentum during last week. They are likely to go up further in the coming days.<\/p>\n\n\n\n

Private banks like HDFC Bank , ICICI Bank, Bandan Bank, Indusind Bank , Kotak Bank , Axis Bank, Federal Bank, will look to consolidate and move further up.<\/p>\n\n\n\n

NBFC\u2019S \u2013 Bajaj Finance , Mahindra and Mahindra Financial Services, PEL, Bajaj finserve, Shriram Transport Finance will under the radar of the traders.<\/p>\n\n\n\n

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

The I.T Majors like Wipro, TCS, Infosys, Tech Mahindra, Co-forge and HCL Tech can move up quickly.<\/p>\n\n\n\n

The Mid- Cap I.T. Stocks like LTTS, Mastek, Intellect Design, Sonata Software also can be watched keenly for any upwards move in the days to come.<\/p>\n\n\n\n

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

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

Cement stocks like Grasim, Shree Cement, Dalmia Bharat, Ramco Cement are likely to gain from here as the broader market looks to maintain the upward momentum from last week\u2019s trading session.<\/p>\n\n\n\n

The general Sentiments in the market seemed to have turned Bullish. The traders will be looking for global cues for direction in the coming days.<\/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 PSU sector and Chemicals 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> Icici Bank, Axis Bank ,  HDFC Bank , Indusind Bank, Rbl Bank. <\/p>\n\n\n\n

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

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

#5 Information Technology Stocks: <\/strong>LTTS ,Tech Mahindra , TCS,  HCL TECH, Wipro.<\/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

PI Industries, Tata Motors, L&T, Bandhan Bank, Motherson Sumi, India Bulls housing , SBI,Rbl Bank ,Hindalco, M&M.  <\/p>\n\n\n\n

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

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

24TH MAY March Stock Picks \u2014 <\/strong>Ashok Leyland, Escorts, Hindalco, Tata Motors, Tata Steel.<\/p>\n\n\n\n

 ( Watch YouTube Video Analysis here \u2013<\/strong>https:\/\/youtu.be\/1dLu6Tn-zm0 )<\/strong><\/a><\/p>\n\n\n\n

The view is that the Indian equity Markets is that the bulls can this time take the markets to all-time highs in the near term.<\/p>\n\n\n\n

Most Analysts expect the markets to reach 15400-15500 levels for Expiry on Thursday.<\/strong><\/p>\n\n\n\n

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

INDIAN EQUITY MARKETS THIS MONDAY MORNING!<\/strong><\/p>\n\n\n\n

Best wishes for a Cheerful MONDAY 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":"

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