InvestorQ : How do you see the stock market trading outlook for 08 June 2021? Will the Nifty rally up to 16,000?
Anamika Sodhani made post

How do you see the stock market trading outlook for 08 June 2021? Will the Nifty rally up to 16,000?

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diksha shah answered.
2 weeks ago
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On Monday, the Nifty opened with gains and held on all the way through. The Nifty at 15,750 is an all-time high and was largely supported by stocks like Power Grid, Adani Ports and TAMO. Tata Motors has been seeing a lot of interest building up as large investors are beginning to show interest in the stock.

On Monday, financials were weak as was pharma. However, the alpha story of mid cap stocks continued. Most of the mid-caps and small caps are displaying substantial scope for re-rating. In terms of sectors, focus must be on short term beneficiaries like QSR, hotels and sugar. Retail could be a dark horse as another contact intensive sector.

FPIs were relatively subdued on Monday with net selling of Rs.187 crore but that was more than made up by the domestic institutions buying equities worth Rs.984 crore. Surprisingly, stock markets showed a lot of resilience and strength on Monday despite the weak FPI flows. For the month of June, FPIs are trading on the positive side till now.

In terms of global indices, the NASDAQ was flat on Monday while the Dow Jones Industrial. The SGX Nifty is absolutely flat in early trades and Asian cues may hold the key to the market direction on Tuesday. Regarding the level of 16,000, that is more of a psychological level now and with the current momentum it should get breached sooner than later.

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Abhishek answered.
2 weeks ago
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Today's strategy buys on the dip as you. See the .call writing and put writing on bank nifty.

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