Buy Sun Pharma, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Sun Pharmaceutical has held up and after that big decline on the back of news, a gap down, it is now building a base. It is not falling. One of the points that we always look for good stocks which go down in news is that they must stop falling. Sun Pharmaceutical qualifies on that account." "After stopping that decline, it is moving sideways and on the verge of a breakout. Actually it has broken out; it is just in a narrow range. The narrow range could be a precursor for another big move on the upside filling that earlier gap. All said and done, pharmaceutical is now again outperforming and Sun Pharmaceutical is an outperformer among the pharmaceutical stocks. So, it is in a very sweet spot. I would be a buyer not just for a day trade but also to carry some positions," he said.