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Monday 19 September 2011

Pharma stocks Overview:Some pills are sweet,others Bitter - Kedar K Murdeshwar

20thSept,2011

PHARMA Industry (overview) (Updated at 10.15 am)

Biocon:At the Current level of 336 looks good.It has crossed the previous days DOJI high.One should maintain a buy above the level of 334.This Stock van move upwards and hit a target of 350 in the coming days.But one should immidiatel exit or reverse the position if this stock gives a close below 330.

Cipla:the movement looks good but may face ressistance at 288.If it crosses 288,its next target is 310.At the current price of 280 one can expect the stock to move up.Cipla can be worst if it close below 274.be cautious at this level.

Divi's labs:No comments

Glaxo:Too Volatile with less volume.

Glenmark Pharma:This stock looks good if gives a close above 330 this week.The target is 340 for the coming days.But still i amnot so positive on this stock as of now.

Lupin:Dont enter now.

Ranbaxy:Ranbacy looks Bearish.477 is the major support.Any close below this level will pull down this stock.A close above 492 can take the stock to reach the level of 520.

SunPharma:My view is Bearish on this stock.



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