TOP SECTORS:
Bullish Sector: PHARMA, METAL, INFRA
Bearish Sector: NONE
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): APOLLO HOSPITAL, BDL, M&M, EICHER MOTORS, PRICOL, DELHIVERY, BHEL, HBL ENGINEERING, LAURUS LAB, L&T FINANCIAL (LTF), CANARA BANK, TD POWER SYSTEMS.
BEARISH STOCKS (Long Unwinding + Short Buildup): NTPC, MARUTI, ADANIGREEN, TCS, HAL, DMART, CAMS
Our chart of the day is bullish on APOLLO HOSPITAL, BHARAT DYNAMICS (BDL) and M&M on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy M&M (CMP 3549): Buy at CMP. Stop at 3421. Targets 3611/3721. Aggressive targets at 4000. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakout on the upside. Key interweek support 3451. Major hurdles only at 3721 mark. The sequence of higher high/low is intact on all-time-frames. 200-DMA at 3113.
Happy Trading Day ahead
Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.