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Sun Pharmaceutical Industries Ltd.

* The pharma index has witnessed a trend reversal. Seeing noticeable traction across the pack.

* Sunpharma has been consolidating in a range for the last eight months and currently trading at the middle of the band.

* The last three weeks pause has result in formation of fresh buying pivot. Expect retest of upper band soon.

* We thus recommend creating fresh longs in the mentioned range.

Buy Sun Pharmaceutical Industries Ltd CMP 1021.80; Range 1020-1025; SL 995; Target 1075

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