LT

After the recent consolidation, L&T remains one of the stronger names within the Nifty basket. The stock is holding above key medium-term moving averages, indicating that buying interest is still intact. For Monday, watch whether the stock sustains above its immediate support zone. A strong opening with volume could trigger fresh momentum towards higher levels, while a break below support may lead to short-term profit booking. The broader market sentiment will continue to depend on global cues and institutional activity. Traders should avoid chasing sharp gaps and instead wait for confirmation before entering fresh positions. Keep on your watchlist: L&T (NSE: LT)