TOP SECTORS:
Bullish Sector: PHARMA, IT, BANKNIFTY, METAL, INFRA
Bearish Sector: NONE
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): LTIM, POLYCAB, PRICOL, HUDCO, POLYCAB, DELHIVERY, BHEL, HBL ENGINEERING, LAURUS LAB, GRASIM, LARSEN, HDFC BANK, L&T FINANCIAL (LTF), CANARA BANK, RELIANCE, APOLLO HOSPITAL, TD POWER SYSTEMS.
BEARISH STOCKS (Long Unwinding + Short Buildup): Mazgaon Dock, Vodafone Idea, Dr Reddy Lab.
Our chart of the day is bullish on LTIM, POLYCAB, LAURUS LAB, L&T FINANCIAL, HUDCO and CANARA BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy LTIM (CMP 5699): Buy at CMP. Stop at 5537. Targets 5801/5921. Aggressive targets at 6096. (Interweek Strategy). Rationale: Technically, the stock is signalling a massive rebound on the upside from higher consolidation zone. Major hurdles only at 5801. Key interweek support 5571. Above 5801, major hurdles only at 6096 mark. 200-DMA at 5526.
Happy Trading Day ahead
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