TOP SECTORS:
Bullish Sector: PHARMA, IT, BANKNIFTY, METAL, INFRA
Bearish Sector: NONE
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): NTPC, PETRONET LNG, PRICOL, HUDCO, POLYCAB, DELHIVERY, BHEL, HBL ENGINEERING, LAURUS LAB, GRASIM, LARSEN, HDFC BANK, CHOLAMANDALAM FINANCE, L&T FINANCIAL (LTF), CANARA BANK, RELIANCE, APOLLO HOSPITAL, TD POWER SYSTEMS.
BEARISH STOCKS (Long Unwinding + Short Buildup): COAL INDIA, TATAMOTORS, HUL, ETERNAL, TECH MAHINDRA
Our chart of the day is bullish on DELHIVERY, LAURUS LAB, L&T FINANCIAL, HUDCO and CANARA BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy DELHIVERY (CMP 485): Buy at CMP. Stop at 463. Targets 503/523. Aggressive targets at 561. (Interweek Strategy). Rationale: Signaling a massive breakout on the daily charts. The sequence of higher high/low is intact on all time frames. Key interweek support 451. Major hurdles only at 503 mark. 200-DMA at 368..
Happy Trading Day ahead
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