TOP SECTORS:
Bullish Sector: PHARMA, PSUBANKS, METALS
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): POLYCAB, ADANI PORTS, BEL, NYKAA, INDIGO, INDUS TOWER, TD POWER SYSTEMS, SYRMA SGS TECHNOLOGY, LARSEN, Vodafone idea, LUPIN, SUN PHARMA.
BEARISH STOCKS (Long Unwinding + Short Buildup): INFY, EICHER MOTORS, COAL INDIA, NTPC, DMART, DIXON TECHNOLOGIES.
Our chart of the day is bullish on BEL, SUN PHARMA and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy BEL (CMP 427): Buy at CMP. Stop at 412. Targets 439/446. Aggressive targets at 461. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 399. Major hurdles only at 439 mark. The stock is signaling a massive breakout on the upside. 200-DMA at 336.
Happy Trading Day ahead
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