Rajat Bose of rajatkbose.com told CNBC-TV18, "Sun Pharmaceutical Industries looks pretty good. Yesterday, it gave a stellar performance. United Spirits had so much of things going for it but Sun Pharmaceutical single handedly led the pharmaceutical stocks rally and it still looks good, Rs 886 to about Rs 894, could be the conservative targets but then these are highly achievable on Friday. That is why I have kept targets below Rs 900 and stop below Rs 867; 1 percent stop suffices if Sun Pharmaceutical were to maintain its momentum. So, the stock is a buy." "After January 28, ACC has been trying to break Rs 1,200 support area, Rs 1,210 had been a support area for the stock. For the first time we saw a close tad below Rs 1,200 yesterday and Rs 1,196 had been the low. So my guess is that the stock after an initial gap up opening in the market would gradually slide down to sub Rs 1,200 levels and it would head even lower. So, you put a stop loss above Rs 1,250 and keep short over the weekend. This is likely to yield good results going forward," he said.
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