TOP SECTORS:
Bullish Sector: PHARMA
Bearish Sector: MEDIA, CONSUMER DURABLES, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): CO, POLICY BAZAR, UPL, CHOLAMANDALAM FINANCE, BAJAJ FINANCE, DREDGING CORPORATION, CUMMINS, TVS MOTORS, HIKAL, DOMS.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, IRCTC, RELIANCE, DIXON TECHNOLOGIES, TITAN, ETERNAL, NTPC, INDIGO, TITAN.
Our chart of the day is bearish on COAL INDIA, INDIGO, and CDSL on any early excessive intraday strength with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy UPL at CMP 756. Stop at 717. Targets 775/803. Aggressive targets at 829. (Interweek Strategy). Rationale: Signaling a massive breakout on the upside. Key interweek support 723. Major hurdles only at 775 mark. The recent sequence of higher high/low is intact on all-time-frame. 200-DMA at 676.50.
Happy Trading Day ahead
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