TOP SECTORS:
Bullish Sector: PHARMA, PSUBANKS, METALS
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): ADANI PORTS, BEL, NYKAA, INDIGO, INDUS TOWER, M&M, TD POWER SYSTEMS, SYRMA SGS TECHNOLOGY, LARSEN, ASHOK LEYLAND, Vodafone idea, LUPIN, SUN PHARMA
BEARISH STOCKS (Long Unwinding + Short Buildup): NTPC, DMART, DIXON TECHNOLOGIES.
Our chart of the day is bullish on POLYCAB, CDSL, INDIGO and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy M&M (CMP 3754): Buy at CMP. Stop at 3641. Targets 3813/3909. Aggressive targets at 4051. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3569. Major hurdles only at 3813 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3135.
Happy Trading Day ahead
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