Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sun Pharmaceutical Industries is already in an uptrend and that is important because the Nifty is not in an uptrend of any kind. What we had in Sun Pharma was a consolidation that was more like a bullish flag. That is good news because it means that a significant rally may be forth coming not necessarily today.""You take a day trade and if you want to and I would suggest have a positional view on pharma and say I am buying now and holding at least till the Budget," he said.
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