Sun Pharma, a good stock to park your money: Sharma

Sun Pharmaceutical Industries is looking good in pharma space to invest, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "In the midcap space, Educomp Solutions is still showing further weakness and so that would be one shorting candidate. From the steel space I think one can carry on with the Jindal Steel & Power (JSPL) short not add at the moment but continue with it and from the metal space there could be other candidates also." He further added, "Sun Pharmaceutical Industries, is the place for comfort especially because one is not feeling too bearish and you can’t be very aggressively bullish also. So, in that case definitely Sun Pharma is a very good candidate to park your money in. Even Lupin Laboratories has given a good breakout above Rs 570 and there again one could keep on the long side but Dr. Reddy’s is not exactly in that space."