I can understand a minor correction due to market sentiment but a 7% fall in a pharma stock like Biocon on the day of railway budget with which it has no correlation is strange. Either the correction is silly or the upmove itself in Biocon was not based on any fundamentals.
4.33 PM Jul 8th
is at 540 level.Today it made a new higher high of 613.Due to bad market sentiments sellers were active. But the good thing is that it has not gone down below the higher base that is formed at 540 level.I feel in worst case scenario it may go upto that level.But it has to go higher !
4.31 PM Jul 8th
This looks more like some HNI / Institution selling out at the best price possible , possibly after a pretty long wait ...any one can buy some today ...a good result will surely up the sentiment ..but trading for the day is still a supply meets demand story ...rgds
12.56 PM Jul 8th
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