TOP SECTORS:
Bullish Sector: BANKNIFTY, IT, REALTY
Bearish Sector: AUTO
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): BDL, JIO FINANCIAL, TATA CONSUMER, CUMMINS INDIA, DIXON TECHNOLOGY, ICICI PRUDENTIAL, IGL, JINDAL STEEL, GODREJ CONSUMERS, LIC, NTPC, POLICY BAZAR, VBL, VOLTAS.
BEARISH STOCKS (Long Unwinding + Short Buildup): TITAN, AXIS BANK, CAMS, TRENT, INDUSIND BANK.
Our chart of the day is bullish on BDL, NTPC, and HPCL on any early intraday weakness with an interweek perspective.
The 1 stock to BUY right now:
BUY BDL (CMP 1970): Buy at CMP. Stop at 1923. Targets 2007/2023. Aggressive targets at 2097. (Interweek Strategy). Rationale: Massive breakout play on cards. The stock enjoyed strong sessions in yesterday’s session, up 1.35%. Momentum oscilitors in bullish mode. Key interweek support 1937. Major hurdles at 2097.
Happy Trading Day ahead
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