TOP SECTORS:
Bullish Sector: IT, PHARMA, AUTO, PSUBANKS
Bearish Sector: MEDIA
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): MFSL, UPL, INDIGO, CUMMINS, LARSEN, SBI LIFE, TATA CONSUMER, NYKAA, HDFCBANK, HUDCO.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, COAL INDIA, HAL, JSWSTEEL, MAZGAON DOCK.
Our chart of the day is bullish on MFSL, CUMMINS INDIA and GLENMARK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy Max Financial Services (MFSL: CMP 1736): Buy at CMP. Stop at 1641. Targets 1769/1809. Aggressive targets at 1883. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 1655. Major hurdles only at 1755 mark. Momentum buying is likely only above 1755 mark. 200-DMA at 1430
Happy Trading Day ahead
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