Monday, 7 January 2013

Sun Pharmaceutical Industries ltd shares rose 1.59% in today trading session. This stock move in positive direction and have momentum. According to Morgan Stanley report pharmaceutical sector will grow high and key pharma companies target average growth of 19% in 2019. This Sector will grow as a emerging market in India.
Sun Pharmaceutical is India’s most valued drug maker company. The share of Sun Pharma rose today after its deal with Japan’s Takeda Pharmaceuticals Co. for acquisition of its US based units URL Pharma. This stock perform well in 2012 and record a new high in last year trade. It generated around 40% returns in last year trade.
The trend of stock is wonderful, if we saw the chart the higher level is coming but it takes time it is not coming in a day. I would like to suggest investing for short term in this stock.

In derivative market Future Contract Jan 31 traded at 760.00. trend is up open interest are down. 

Short term call

Buy Sun Pharma above 753.95 Time frame 1 month target 800.00 SL 717.00.

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