Live Markets »News & Advice»Latest Advice»Latest Advice Details
Latest Advice Details
Back

Intraday trading ideas for pharma stocks

Ravi Nathani/Mumbai 10 Oct 13 | 08:46 AM

Below mentioned are the Intraday Trading Levels along with Near Term Trading Strategies for today:
  
S&P CNX NIFTY CMP 6007.45
Index is expected for a small rally on charts, whereas resistance is expected around 6060 & 6150. Best trading startegy for traders would be buy on dips.
Intraday trading Levels Buy Above:  6040 Resistance 6060, 6093, 6146 Sell Below: 5975 Support 5955, 5922, 5869
  
CADILAHC CMP 674.95
Near term trend is down on charts, whereas best trading strategy would be sell on rise.
Intraday trading Levels Buy Above:  683 Resistance 688, 696, 709 Sell Below: 667 Support 662, 654, 641
  
SUNPHARMA CMP 645.35
Trend is up on charts, best trading strategy would be buy on dips.
Intraday trading Levels Buy Above:  655 Resistance 661, 670, 686 Sell Below: 636 Support 630, 620, 605
  
DRREDDY CMP 2404.40
Range bound on charts (2450-2361), trade above/below would add trigger in the direction.
Intraday trading Levels Buy Above:  2419 Resistance 2429, 2444, 2468 Sell Below: 2389 Support 2380, 2365, 2341
  
WOCKPHARMA CMP 505.30
Near term trend is down on charts, best trading strategy would be buy on dips.
Intraday trading Levels Buy Above:  514 Resistance 519, 528, 542 Sell Below: 497 Support 491, 483, 469
  
LUPIN CMP 915
Trend is up on charts, best trading strategy would be buy on dips, whereas next resistance on charts is expected around 940-950.
Intraday trading Levels Buy Above:  922 Resistance 927, 934, 947 Sell Below: 907 Support 902, 895, 882
  

  
Disclaimer: I don't have investment exposure in any of the above mentioned stocks / Index Fut/Options.  

Related Stories

    No Related Stories Found

Sensex

Company Price Gain (%)
GAIL (India)490.252.75
Sesa Sterlite240.752.34
B H E L271.202.26
Hindalco Inds.169.152.21
ITC363.302.14

Poll

Will the Nifty breach 9,000 by end-December 2014?


Online Portfolio

You can create Online Portfolio here using the below button.