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Lupin Ltd

LUPIN has witnessed decent profit taking and found support around the multiple moving averages (200/100/50)EMA’s on daily chart. It is rebounding from thereon and likely to maintain this bias ahead as well. Traders should use this dip to initiate fresh longs through Call option as per the mentioned levels.

Recommendation

Buy Lupin Ltd 900 CE @ 30-32  Stop loss 24 Target 45  CMP 36

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