Parag Doctor, Head - Trading Strategies at Keynote Capital's told CNBC-TV18, "Technically there is some resistance in Shasun Pharmaceuticals around Rs 85 and if that is crossed, Rs 90 is the peak for the time being. We would recommend to exit in this current rally if it prolong or start reducing positions anytime around these levels."
"Probably switch to large cap pharma stocks like Sun Pharma, Lupin, Dr Reddys Laboratories, which are looking much better. They are making highs and visibility is much more in the largecap pharma stocks. So I will advice a switch," he adds.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
