TOP SECTORS:
Bullish Sector: PHARMA
Bearish Sector: REALTY, MEDIA, CONSUMER DURABLES, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): BIOCON, DREDGING CORPORATION, CUMMINS, TVS MOTORS, HIKAL, DOMS.
BEARISH STOCKS (Long Unwinding + Short Buildup): ADANI ENTERPRISES, HAL, IRCTC, MAZGAON DOCK, DIXON TECHNOLOGIES, TITAN, COAL INDIA, ETERNAL, NTPC, BSE.
Our chart of the day is bearish on COAL INDIA, MAZGAON DOCK, and TITAN on any early excessive intraday strength with an interweek/Intermonth perspective.
The 1 Stock to Buy Right Now: Buy BIOCON. Entry Price: 411. Target: 467. Stop Loss: 393. Holding Period: 0-180 days. Rationale: Momentum Play. Risk /Reward : Rs. 18/Rs. 56 ; (4.38/13.63)
Happy Trading Day ahead
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