TOP SECTORS:
Bullish Sector: PHARMA, IT, BANKNIFTY, METAL, INFRA, DEFENCE
Bearish Sector: NONE
STOCKS TO WATCH:
BULLISH STOCKS (Long Build-up+ Short Covering): LAURUS LABS, GRASIM, LARSEN, NAM INDIA, HDFC BANK, CHOLAMANDALAM FINANCE, L&T FINANCIAL (LTF), CANARA BANK, RELIANCE.
BEARISH STOCKS (Long Unwinding + Short Buildup): TATAMOTORS, HUL, ETERNAL, TECHM
Our chart of the day is bullish on LAURUS LAB, L&T FINANCIAL and CANARA BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.
The 1 stock to BUY right now:
Buy LAURUS LABS (CMP 960): Buy at CMP. Stop at 927. Targets 977/989. Aggressive targets at 1013. (Interweek Strategy). Rationale: Laurus reported a strong Q2 FY26 performance, with consolidated net profit soaring multifold to ₹194.97 crore, compared with ₹19.78 crore in Q2 FY25. Key interweek support 893. Major hurdles only at 977 mark. 200-DMA at 709.
Happy Trading Day ahead
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