EquityPandit’s Outlook for Sun Pharma for the week  (Sep 25, 2017 – Sep 29, 2017) :

SUN PHARMA:

SUN PHARMA closed the week on negative note losing around 1.90%.

As we have mentioned last week, that minor support for the stock lies in the zone of 515 to 519. Support for the stock lies in the zone of 500 to 505 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to485. During the week the stock manages to hit a low of 504 and close the week around the levels of 514.

Support for the stock lies in the zone of 500 to 505 where break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 480 to485.

Resistance for the stock lies in the zone of 535 to 540 where medium term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 580 to 585.

Broad range for the stock in the coming week can be 490 – 495 on lower side & 530 – 535 on upper side.