Aurobindo Pharma : Breakout seen on weekly charts, Add keeping stoploss below recent lows.
Cipla : After completing 50% retracement of its previous fall from 635 to 523 stock, during last week got some support near 555, but before taking any big buy/sale call you need to watch whether it holds these levels or not. So traders can start accumulation here with sl @555. Below 555 stock can drag sharply towards 520-500 to 460 levels. Long traders/investors can add more above 580 for targets of 620-50 in short term.
Dr.Reddy : Stock is in long term down trend and even after two month long consolidation between 2265-2050 stock failed to attract volume based buying. With positive market sentiments, stock need to cross 2170 for any big move while on failing to hold 2050-40 stock can not only retest recent lows of 1900 but it can also open ways for further downside towards 1800-1750 to 1300 levels. Above 2200 stock will face resistance (target) near 2400-2800.
Dishman Carbo: H&S formation seen on daily charts, Once stock trades & sustains above the range of 344-57 a big move looks easy on cards. Have a look at chart.
Divis Lab : 1150-80 is working as a major hurdle, once crossed we might see a big 30-40% move, falling which will attract retesting of lower border of trading range support near 1000-850.
Glenmark : Buy above 570 for targets of 590-603 to 630-40 in short term, stoploss can be placed below 550 on closing basis.
Granules India : Stock has tested yearly lows near 100 recently, we are already long on this stock with sl 100 & will add more if sustains above 112 for short term target of 118-25 to 133.
Sun Pharma :Multiple resistance between 510-535, better stay away & wait for clear buying /selling trend.However traders can enter for small moves.
