TOP SECTORS:
Bullish Sector: BANKNIFTY, METAL, INFRA, DEFENCE
Bearish Sector: MEDIA
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): GRASIM, BAJAJ FINANCE, BAJAJ FINSERV, HAL, LARSEN, HBL ENGINEERING, Syrma SGS Technology, Privi Speciality Chemicals, JLHL, BHARTI AIRTEL, NAM INDIA, BANK OF BARODA, PNB, MANAPPURAM, HDFC BANK, CHOLAMANDALAM FINANCE, SAFARI.
BEARISH STOCKS (Long Unwinding + Short Buildup): TATAMOTORS, WIPRO, INFY, ETERAL, TATASTEEL, HCLTECH.
Our chart of the day is bullish on BAJAJ FINANCE, GRASIM, and APOLLO HOSPITALS on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy BEL (CMP 413): Buy at CMP. Stop at 395. Targets 425/437. Aggressive targets at 451. (Interweek Strategy). Rationale: Technically, the stock is signalling 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
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