Stock of the day: Buy Sun Pharmaceutical Industries Ltd For Target Rs. 1,180 - Religare Broking
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/25769830a1201775286fafd8bbc4ac22.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Sun Pharmaceutical Industries Ltd.
Rationale
* Open Interest in stock is 40k v/s 34k contracts in previous series; Rise of ~17%.
* 93% positions rolled into next series as compare to 94% on last expiry.
* Cash based buying & carrying forward longs suggesting positional players have added aggressively
Technical View
* We have witnessed a trend reversal in the pharma index after more than one and a half years and trading up by over 8% this month so far.
* We are seeing noticeable traction across the pack wherein Sunpharma also looks set to resume the trend after spending nearly seven months in a consolidation range.
* Traders shouldn’t miss the opportunity and accumulate in the given range.
Buy Sun Pharmaceutical Industries Ltd CMP 1050; Range 1040-1050; SL 980; Target 1180
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Clean Science and Technology.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Somany logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Srinivas Narayanan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mongolia.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Daily Market Analysis : Nifty inched gradually higher however profit taking in the final hour trimmed the gains Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/87dc0b0b977467c4edfa9b5555b9ad51.jpg)
![Stock of the day : Buy SBI Life Insurance Ltd For Target Rs.1425 - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0e745fc367a1b9ecb510e1a4c6bb443b.jpg)
![Banking index engulfed in three days consolidation range and settled higher gaining over a percent - Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/705a54e0fd5574d2bfd258aca569ccec.jpg)