{"id":4118,"date":"2021-10-19T22:30:36","date_gmt":"2021-10-19T17:00:36","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=4118"},"modified":"2021-10-19T22:30:45","modified_gmt":"2021-10-19T17:00:45","slug":"wednesday-stock-market-outlook-20th-october-2021","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/wednesday-stock-market-outlook-20th-october-2021\/","title":{"rendered":"Wednesday Stock Market Outlook \u2013 20th October 2021"},"content":{"rendered":"\n

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

Will Wednesday too be a Day of High Volatility ?<\/h2>\n\n\n\n

The Indian Equity Markets on Tuesday opened in the green in early morning trade. It was a day of volatile trade and the markets started to show strength on the back of I.T Stocks doing well but closed in the negative zone towards the closing bell.<\/p>\n\n\n\n

HUL, Titan, Tata Steel, UltraTech Cement, and PowerGrid were the main losers on a day of highly volatile day of trading.<\/p>\n\n\n\n

On the other hand, Tech Mahindra, L&T, Infosys, Bajaj Finserv, Kotak Bank, and HDFC Bank were among the gainers.<\/p>\n\n\n\n

After starting the day in a positive zone, the volatility did increase lots with ups n downs happening frequently throughout the day . The\u00a0 Indian equity markets finally ended their\u00a0 seven-session rising\u00a0 with Nifty finally ending at the closing bell at 18418(-58) levels whereas the Sensex closed at 61,716(-49)<\/p>\n\n\n\n

The Indian equity markets saw profit booking at higher levels even as the IT Index stood tall through the day which indeed had several bouts of volatility.<\/p>\n\n\n\n

Market breadth too was weak with declines outpacing advances led by the big names of the FMCG sector. The broader markets clearly witnessed profit booking in several top-performing midcap names.<\/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 Sold on Tuesday Rs 505 Crores whereas Domestic institutional investors Sold Rs 2578 Crores.<\/p>\n\n\n\n

The FII\u2019s buying in a big way will definitely help the up move in the markets. Most analysts are expecting the markets to now trend upwards to 18600-18800 nifty levels in the October Series.<\/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<\/p>\n\n\n\n

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

The I.T, 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 be under the radar of the traders.<\/p>\n\n\n\n

Private banks like HDFC Bank, ICICI Bank, Axis Bank, Bandhan Bank, Indusind Bank, Kotak 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 companies like Mphasis, TCS, HCL TECH, Tech Mahindra, Co-forge, and Mastek are likely to move up quickly in the coming days.<\/p>\n\n\n\n

The other I.T. Stocks like LT Infotech, Intellect Design, LTTS, Sonata Software also can be observed for an upwards move in the coming days.<\/p>\n\n\n\n

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

Pharma stocks like Glenmark Pharma, Lupin, Divi\u2019s Lab, Dr. Reddy\u2019s, SPARC, are expected to do well.<\/p>\n\n\n\n

The general Sentiments continue to be positive 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 Banking and Financial Sector, PSU<\/a> sector, I.T., OMC, Chemicals 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>  Kotak Bank, Indusind Bank, Icici Bank, Federal Bank, HDFC Bank. <\/p>\n\n\n\n

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

# 5 Pharma Stocks: <\/strong>Dr. Reddy's, Granules, Divi\u2019s Lab, Cadila, Glenmark Pharma.<\/p>\n\n\n\n

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

HCL Tech, Feim Industries, Fine Organics, Exide, Cyient, Gabriel India, Canara Bank, Sunteck Realty, Bank of Baroda, Gujarat Alkalies. \u00a0<\/p>\n\n\n\n

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

After a volatile day of trading on Tuesday, the view is that the Indian equity markets will be a volatile day on Wednesday and the days to come.<\/p>\n\n\n\n

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

20th September Stock Picks\u2013\u2013<\/strong>\u00a0HDFC Bank , Reliance Industries.<\/p>\n\n\n\n

Watch YouTube Video Analysis here \u2013<\/strong>\u00a0https:\/\/youtu.be\/-ed6tmQpS-8<\/a><\/strong><\/p>\n\n\n\n

Most Analysts expect the markets to reach 18600-18800 levels for the near term.<\/strong><\/p>\n\n\n\n

You can watch us live on every trading day on our Facebook Page<\/a> and YouTube Channel<\/a> with our Chart Pe Charcha wherein we discuss the respective trading strategy and the stocks.<\/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><\/p>\n","protected":false},"excerpt":{"rendered":"

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