EquityPandit’s Outlook for Sun Pharma for the week (February 08, 2016 – February 12, 2016):

SUN PHARMA:

SUN PHARMA closed the week on negative note losing around 1.70%.

As we have mentioned last week that support for the stock lies in the zone of 840 to 850 where 200 Daily SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 820 where 100 Daily SMA and 100 Weekly SMA is lying. During the week the stock manages to hit a low of 818 and bounce to close the week around the levels of 858.

Support for the stock lies in the zone of 820 where 100 Daily SMA and 100 Weekly SMA is lying. If the stock closes below this levels then the stock can drift to the levels of 800 where 500 Daily SMA is positioned.

Stock has closed around the resistance zone of 850 where 200 Daily SMA is lying. If the stock closes above this levels then the stock can move to the levels of 900 to 910 from where the stock has sold off in the month of November – 2015.

Broad range for the stock in the coming week can be 820 – 825 on lower side to 900 – 910 on upper side.