TOP SECTORS:

Bullish Sector: AUTO

Bearish Sector: MEDIA, IT, PHARMA

STOCKS TO WATCH:

BULLISH STOCKS (Long Build-up+ Short Covering): HDFC AMC, MARUTI, M&M, PFC, CUMMINS INDIA.

BEARISH STOCKS (Long Unwinding + Short Buildup): TITAN, AXIS BANK, TRENT, INDUSIND BANK.

Our chart of the day is bullish on HDFC AMC, MARUTI and M&M on any early excessive intraday weakness with an interweek perspective.

The 1 stock to BUY right now:

BUY HDFCAMC (CMP 5208): Buy at CMP. Stop at 4951. Targets 5279/5369. Aggressive targets a 5501. (Interweek Strategy). Likely to enjoy strong session as long as 4983 support is held. Massive breakout play on the daily charts is quite likely as the recent sequence of higher high/low is intact on time-frames. Confirmation of strength only above 5279.

Happy Trading Day ahead

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