TOP SECTORS:
Bullish Sector: PHARMA, PSUBANKS
Bearish Sector: MEDIA, FMCG
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): BHARTI AIRTEL, TITAN, RELIANCE, TATA CONSUMER, POLYCAB, NYKAA, INDUS TOWER, SUN PHARMA.
BEARISH STOCKS (Long Unwinding + Short Buildup): TECH MAHINDRA, HINDALCO, BAJAJ FINANCE, ADANI ENTERPRISES, INFY, EICHER MOTORS, COAL INDIA, NTPC, DMART, DIXON TECHNOLOGIES.
Our chart of the day is bullish on BHARTI AIRTEL, POLYCAB, SUN PHARMA and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to SELL right now:
SELL BAJAJ FINANCE (CMP 1014): Sell at CMP. Stop at 1039. Targets 995/969. Aggressive targets at 951. (Interweek Strategy). Rationale: Momentum Play. Signalling a massive breakdown on the medium term charts. Key interweek support 951. Major hurdles only at 1061 mark. The stock is signaling a massive weakening momentum. 200-DMA at 924.
Happy Trading Day ahead
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