TOP SECTORS:
Bullish Sector: IT, PHARMA, AUTO=
Bearish Sector: MEDIA, FMCG, REALTY
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): CUMMINS, LARSEN, SBI LIFE, TATA CONSUMER, NYKAA.
BEARISH STOCKS (Long Unwinding + Short Buildup): AJAJ FINSERV, BAJAJ FINANCE, COAL INDIA, LUPIN, HAL, JSWSTEEL, HINDALCO, TATASTEEL, MAZAGAON DOCK.
The 1 stock to SELL right now:
Sell COAL INDIA (CMP 373): Sell at CMP. Stop at 395. Targets 361/349. Aggressive targets at 321. (Interweek Strategy). Rationale: Major underperfomer. Signalling a massive breakdown on the daily charts from a complex Double Top pattern. Key interweek support 349. Major hurdles only at 393 mark. Weakening Momentum. 200-DMA at 386.
Happy Trading Day ahead
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