Hold Sun Pharma Advanced Research Company: Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "In Sun Pharma Advanced Research Company Rs 210 is the resistance level, the stock has retraced from those levels and Rs 180-185 is the strong support zone for the stock. However, overall it is trending in a range with Rs 180-185 on the downside and Rs 210 on the upside. Once it breaches that level and sustains Rs 210, it can jump to Rs 232-235 within couple of weeks. Until and unless that happens it is likely to see a range bound movement."

"With such a magnificent move in Nifty, the stock has not performed in terms with the other midcap stocks. So, that puts some amount of pressure, if we see some amount of pressure on the Nifty it might again see downside till Rs 190-195. So, one can hold on to the stock with a trading target of Rs 210 to Rs 215 with a stoploss Rs 185. With a longer term view the target should be Rs 230-235," he added.