{"id":3799,"date":"2021-06-29T19:54:04","date_gmt":"2021-06-29T14:24:04","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=3799"},"modified":"2021-06-29T22:15:54","modified_gmt":"2021-06-29T16:45:54","slug":"wednesday-stock-market-outlook-9th-june-2021-2","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/wednesday-stock-market-outlook-9th-june-2021-2\/","title":{"rendered":"Wednesday Stock Market Outlook \u2013 30th June 2021"},"content":{"rendered":"\n

Stock Market This Wednesday Morning<\/strong><\/h1>\n\n\n\n

Can the Nifty finally Manage to overcome Profit Booking and Scale above 16000 this week?<\/h2>\n\n\n\n

The Indian Equity Markets on Tuesday opened down in the early morning session. Then the Nifty did consolidate and slowly moved downwards during the day. The Nifty did slide a little towards the end to close marginally lower.<\/p>\n\n\n\n

Kotak Bank, ICICI Bank, Tech Mahindra, Bajaj Auto, Mahindra and Mahindra, SBI, and Axis Bank were the main losers on a day of listless trading on Tuesday.<\/p>\n\n\n\n

PowerGrid, HUL, NTPC, Dr Reddy's and Nestle India were the gainers on a somewhat consolidation day of trading in the Indian equity markets.<\/strong><\/p>\n\n\n\n

The Indian equity markets is seeing profit booking at all time high levels as both the indices are unable to scale higher without the buying support coming in from Fii\u2019s.<\/p>\n\n\n\n

Finally at Closing Bell on Tuesday\u2019s volatile trading session, the Nifty ended at 15,748(-66) whereas the Sensex ended at 52,549(-185).<\/p>\n\n\n\n

Most Analysts believe that the Indian equity markets were in the red as profit-booking in financials, auto and metals dragged benchmark indices down. <\/p>\n\n\n\n

Also, the Lack of support from the Fii\u2019s has been a major factor of late in slowing down the upward momentum in the Indian equity markets.<\/p>\n\n\n\n

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

The Foreign institutional investors Bought on Tuesday Rs 116 Crores whereas Domestic institutional investors bought Rs 1810 Crores.<\/p>\n\n\n\n

If the FII\u2019s continue to buy in a big way, then it will be a big positive for the up move in the markets. Most analysts are expecting the markets upwards towards 16000-16200 nifty levels in the near term.<\/p>\n\n\n\n

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

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

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

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

The I.T., OMC, 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

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

Private banks like HDFC Bank, ICICI Bank, Bandhan Bank, Indusind Bank, Kotak Bank, Axis Bank, Federal Bank, will look to scale higher from hereon.<\/p>\n\n\n\n

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

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

The Mid- Cap I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be watched keenly for an 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, SPARC, and Sun Pharma are expected to give good returns in the short term.<\/p>\n\n\n\n

The general Sentiments continue to be bullish in the Indian equity markets. 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, I.T., OMC, 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 Wednesday.<\/strong><\/h2>\n\n\n\n

# 5 Banking Stocks:<\/strong>  Rbl Bank,  HDFC Bank, Indusind Bank, Icici Bank, Axis Bank. <\/p>\n\n\n\n

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

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

#5 Information Technology Stocks: <\/strong>LTTS, LTI, Mastek, Tech Mahindra, TCS.<\/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

Ashok Leyland, LTTS, Mastek, PI Industries, Tata Motors, Bandhan Bank, Motherson Sumi, India Bull's housing, SBI, Rbl Bank, 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

30 TH June March Stock Picks \u2014\u00a0<\/strong>Adani Enterprise, PEL, JSW STEEL.<\/p>\n\n\n\n

( Watch YouTube Video Analysis here \u2013https:\/\/youtu.be\/X16VDLK_Qww<\/a><\/strong> )<\/strong><\/p>\n\n\n\n

After a listless day of trading on Tuesday, the view is that the Indian equity markets will go higher if Fii continues to Buy in a big way.<\/p>\n\n\n\n

Most Analysts expect the markets to reach 16000--16200 levels for the near term.<\/strong><\/p>\n\n\n\n

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

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

Best wishes for a Cheerful Wednesday in the Indian equity markets!<\/strong><\/h2>\n","protected":false},"excerpt":{"rendered":"

Stock Market This Wednesday Morning Can the Nifty finally Manage to overcome Profit Booking and Scale above 16000 this week? The Indian Equity Markets on Tuesday opened down in the early morning session. Then the Nifty did consolidate and slowly moved downwards during the day. The Nifty did slide a little towards the end to […]<\/p>\n","protected":false},"author":1,"featured_media":3173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290],"tags":[],"class_list":["post-3799","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\/3799","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=3799"}],"version-history":[{"count":4,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3799\/revisions"}],"predecessor-version":[{"id":3804,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/3799\/revisions\/3804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/3173"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=3799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=3799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=3799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}