TOP SECTORS:
Bullish Sector: PHARMA, IT, BANKNIFTY, METAL, INFRA, DEFENCE
Bearish Sector: NONE
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): GRASIM, BAJAJ FINANCE, BAJAJ FINSERV, LARSEN, HBL ENGINEERING, Syrma SGS Technology, Privi Speciality Chemicals, JLHL, BHARTI AIRTEL, NAM INDIA, BANK OF BARODA, PNB, MANAPPURAM, HDFC BANK, CHOLAMANDALAM FINANCE, SAFARI.
BEARISH STOCKS (Long Unwinding + Short Buildup): TATAMOTORS, ETERNAL.
Our chart of the day is bullish on SUN PHARMA, LAURUS LAB, GRASIM, and APOLLO HOSPITALS on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy SUN PHARMA (CMP 1699): Buy at CMP. Stop at 1671. Targets 1743/1801. Aggressive targets at 1851. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 1641. Major hurdles only at 1801 mark. 200-DMA at 1691.
Happy Trading Day ahead
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