TOP SECTORS:
Bullish Sector: PHARMA, AUTO, PSUBANKS
Bearish Sector: REALTY, MEDIA
STOCKS TO WATCH:
BULLISH STOCKS (Value Buying+ Long Build-up+ Short Covering): CUMMINS, LARSEN, SBI LIFE, TATA CONSUMER, HDFC BANK, GLENMARK, HUDCO, UPL, INDIGO, BELRISE.
BEARISH STOCKS (Long Unwinding + Short build-up): ADANI ENTERPRISES, COAL INDIA, HAL, MAZGAON DOCK.
Our chart of the day is bullish on CUMMINS INDIA, HDF BANK and GLENMARK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy M&M (M&M: CMP 3707): Buy at CMP. Stop at 3611. Targets 3771/3823. Aggressive targets at 3901. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3641. Major hurdles only at 3771 mark. Momentum buying is likely only above 3771 mark. 200-DMA at 3183.
Happy Trading Day ahead
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