TOP SECTORS:
Bullish Sector: PHARMA, PSUBANKS, METALS
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): TATA CONSUMER, POLYCAB, ADANI PORTS, BEL, NYKAA, INDIGO, INDUS TOWER, TD POWER SYSTEMS, SYRMA SGS TECHNOLOGY, LARSEN, Vodafone idea, SUN PHARMA.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, CONCOR, INFY, EICHER MOTORS, COAL INDIA, NTPC, DMART, DIXON TECHNOLOGIES.
Our chart of the day is bullish on TATA CONSUMER, POLYCAB, BEL, SUN PHARMA and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy TATA CONSUMER (CMP 1179): Buy at CMP. Stop at 1101. Targets 1207/1239. Aggressive targets at 1297. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive rebound on the upside. Key interweek support 1139. Major hurdles only at 1255 mark. Momentum buying is likely only above 1207 mark. 200-DMA at 1085.
Happy Trading Day ahead
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