Prakash Gaba of prakashgaba.com told CNBC-TV18, "Sun Pharmaceutical Industries certainly looked good to me but yesterday it was looking more like a short covering upmove. If it continues then perhaps we can see an upmove until Rs 751-752. How it negotiates Rs 750-755 levels is important. So far it looks like more of a short covering upmove. I would continue to go long, but would be slightly cautious because of the headwinds."At 11:03 hrs Sun Pharmaceutical Industries was quoting at Rs 733.10, down Rs 2.85, or 0.39 percent. It has touched an intraday high of Rs 743.00 and an intraday low of Rs 731.50.
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