Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Pharma sector is again showing signs of good rollovers. I am not keeping a stock like Ranbaxy where the rollovers have not shown any strength. But stocks like Sun Pharma, Lupin, Dr Reddys are showing good rollovers."
He further added, "Sun Pharma has already shown a very good move yesterday. Dr Reddy’s has a move due and technically, this stock has crossed that Rs 2100 zone which was acting as a stiff resistance, so it should move up to Rs 2,175-Rs 2,180 in immediate short-term. For the trader who is going long in this should keep a stop loss around Rs 2,070-Rs 2,075 which is a 20 day moving average. I think till it holds above it, the stock is good to move up from here."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!
