TOP SECTORS:
Bullish Sector: PHARMA, IT, BANKNIFTY, METAL, INFRA, DEFENCE
Bearish Sector: NONE
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): BEL, HDFC BANK, HUDCO, LAURUS LAB, GRASIM, BAJAJ FINANCE, BAJAJ FINSERV, LARSEN, NAM INDIA, BANK OF BARODA, PNB, MANAPPURAM, HDFC BANK, CHOLAMANDALAM FINANCE.
BEARISH STOCKS (Long Unwinding + Short Buildup): TATAMOTORS, ETERNAL.
Our chart of the day is bullish on BEL, SUN PHARMA, LAURUS LAB, GRASIM, and HDFC BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy BEL (CMP 419): Buy at CMP. Stop at 395. Targets 425/437. Aggressive targets at 451. (Interweek Strategy). Rationale: Technically, the stock is signaling a massive break out on the upside . Major hurdles only at 425. Key interweek support 397. Above 425, major hurdles only at 451 mark. 200-DMA at 344.
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.