TOP SECTORS:
Bullish Sector: PHARMA
Bearish Sector: MEDIA
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): APOLLO HOSPITAL, BRITANNIA, M&M, TD POWER SYSTEMS.
BEARISH STOCKS (Long Unwinding + Short Buildup): NTPC, MARUTI, ADANI ENTERPRISES, HAL, DMART, CAMS, DLF, IRCTC
Our chart of the day is bearsish on IRCTC, DLF and HAL on any early excessive intraday strength with an interweek/Intermonth perspective.
The 1 stock to SELL right now:
Sell IRCTC (CMP 703): Sell at CMP. Stop at 731. Targets 689/675. Aggressive targets at 656. (Interweek Strategy). Rationale: Signalling a massive breakdown from a lower consolidation zone on the daily charts. Key interweek support 656. Major hurdles only at 725 mark. 200-DMA at 742.
Happy Trading Day ahead
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