TOP SECTORS:
Bullish Sector: PHARMA, AUTO, PSUBANKS
Bearish Sector: REALTY, MEDIA
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): CUMMINS, LARSEN, GLENMARK, M&M, TATA CONSUMER, HDFC BANK, GLENMARK, HUDCO, UPL, INDIGO, BELRISE.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, COAL INDIA, HAL, MAZGAON DOCK.
Our chart of the day is bullish on CUMMINS INDIA, HDFC BANK and GLENMARK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy M&M (M&M: CMP 3757): Buy at CMP. Stop at 3611. Targets 3787/3813. Aggressive targets at 3977. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3641. Major hurdles only at 3787 mark. Momentum buying is likely only above 3787 mark. 200-DMA at 3179.
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.