Indian Markets Outlook for the week - 23 to 27.03.2015
Stocks
indices are seen correcting further next week with volatility expected ahead of
the
derivates
expiry on Thursday and with investors looking forward to the Jan-Mar earnings.
Ahead
of the expiry, profit will be taken in stocks which had an upside. From April,
people will start looking freshly at the year ahead with the earning in focus.
Most
market participants expect subdued earnings for Jan-Mar, especially with the
disappointing earnings seen in the previous quarter. There is no major trigger
and the market is lagging because of that. All sectors are showing weak trends.
Quarterly earnings will be the next big trigger.
We
also expect volatility to persist in the market as the Vix is not falling and
also because of
derivates
expiry next week. Among sectors, banking, auto and other aggressive sectors are
seen as weak next week. Among sectors, banking stocks are widely expected to
remain subdued next week as valuations are expensive.
Pharmaceutical
stocks are seen positively being a defensive along with Information Technology.
IT
stocks have seen a correction post revisions in earnings forecast and now they
are likely to
rise.
Some
of index heavyweights are still trading in oversold zone so strengthening the
possibility of technical rebound in the coming sessions.
