Sunday, June 19, 2011

Buy Sun Pharma - Recommends InvestorZclub

Short term investors and traders can go long on Sun Pharmaceuticals at the current market price of Rs. 478 for a week's  target of Rs. 500 with a stop loss at Rs. 468.

The stock has outperformed SENSEX in past one month by more than 10% and has been in uptrend since mid of May 2011.

InvestorZclub believe that the Friday's correction of 3% was on account of profit taking and the stock will resume its uptrend from Monday (20th June 2011) onwards. The news of inclusion of the stock in SENSEX over this weekend is also very positive for the stock which is expected to provide strong support to the stock on the downside.

1 comment:

  1. Target Acheived. Sun Pharma touched intraday high of 503 today 22nd June 2011.

    Happy Investing!!!



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