TOP SECTORS:
Bullish Sector: PHARMA, AUTO, PSUBANKS
Bearish Sector: REALTY, MEDIA, CONSUMER DURABLES
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): CUMMINS, LARSEN, GLENMARK, M&M, HDFC BANK, GLENMARK, KOTAK BANK, PNB, TVS MOTORS, DREDGING CORPORATION.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, HAL, IRCTC, MAZGAON DOCK, DIXON TECHNOLOGIES.
Our chart of the day is bullish on CUMMINS INDIA, TVS MOTORS and POLICY BAZAR on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy CUMMINS INDIA (CMP 4544): Buy between 4450-4475. Stop at 4389. Targets 4577/4621. Aggressive targets at 4689. (Interweek Strategy). Rationale: Momentum Play. Signaling a massive breakout on the upside. Key interweek support 4279. Major hurdles only at 4577 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3484.
Happy Trading Day ahead
Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.