TOP SECTORS:
Bullish Sector: PHARMA, PSUBANKS, IT
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): BEL, INDIGO, POLYCAB, BHARTI AIRTEL, TITAN, RELIANCE, TATA CONSUMER, POLYCAB, NYKAA, INDUS TOWER, SUN PHARMA.
BEARISH STOCKS (Long Unwinding + Short Buildup): HINDALCO, BAJAJ FINANCE, ADANI ENTERPRISES, COAL INDIA, NTPC, DMART, DIXON TECHNOLOGIES.
Our chart of the day is bullish on INDIGO, BEL, BHARTI AIRTEL, and POLYCAB on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy INDIGO (CMP 1014): Buy at CMP. Stop at 5613. Targets 5938/6057. Aggressive targets at 6238. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 5529. Major hurdles only at 5938 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 5419.
Happy Trading Day ahead
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