TOP SECTORS:
Bullish Sector: METALS, PSUBANKS, INFRA, DEFENCE
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): LARSEN, HBL ENGINEERING, Syrma SGS Technology, Privi Speciality Chemicals, JLHL, BHARTI AIREL, NAM INDIA, BANK OF BARODA, RAILTEL, PNB, MANAPPURAM, HDFC BANK, DLF, AU BANK, CHOLAMANDALAM FINANCE, SAFARI.
BEARISH STOCKS (Long Unwinding + Short Buildup): COAL INDIA, TATAMOTORS, BHARAT FORGE
Our chart of the day is bullish on HUDCO, DLF, and HAL on any early excessive intraday weakness with an interweek/Intermonth perspective
The 1 stock to BUY right now:
Buy MANAPPURAM (CMP 294): Buy at CMP. Stop at 269. Targets 301/313. Aggressive targets at 329. (Interweek Strategy). Rationale: Signaling a massive breakout on the upside. Aiming to enjoy strong session after recent outperformance. Key interweek support 274. Major hurdles only at 301 mark. 200-DMA at 238.
Happy Trading Day ahead
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