Buy Sun Pharma, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Dr Reddy's Laboratories is already in a consolidation mode and there is not much fall happening. It is not moving up. Although my stop loss was Rs 2,100 on closing price basis. Sun Pharmaceutical is a very good bet. Once it crosses Rs 600 -650 supply zone then thereafter Sun Pharma would actually embark on a fresh intermediate level uptrend. So, that would be a better choice."

He further added, "I would like to state one thing to our viewers that if you are a long term investors and if you have seen substantial loss use volatility, use large falls to actually average. You are not a trader that averaging a loser is actually an anathema for trader but not for a long term investor. So, either you average here on Dr Reddy or you buy Sun Pharma whatever you like go ahead and do it."