TOP SECTORS:
Bullish Sector: IT, PHARMA, AUTO, PSUBANKS
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): MFSL, UPL, CUMMINS, LARSEN, SBI LIFE, TATA CONSUMER, NYKAA.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, BAJAJ FINSERV, BAJAJ FINANCE, COAL INDIA, HAL, JSWSTEEL, MAZGAON DOCK.
Our chart of the day is bullish on MFSL, BHARTI AIRTEL and SBI on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1698): Buy at CMP. Stop at 1623. Targets 1731/1811. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signaling a massive breakout on the upside. Key interweek support 1641. Major hurdles only at 1731 mark. Momentum buying is likely only above 1731 mark. 200-DMA at 1883.
Happy Trading Day ahead
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