NIFTY PHARMA INDEX - Strong PULL Back Ahead
NIFTY PHARMA INDEX: 9 months DN trend nearer to an END.
As it is Defensive Sector, When NIFTY in Correction / Range Bound Mood.
History suggests PHARMA, FMCG Sectors Shows Pullback Action.
Watch ADX/(-VE)DI Cross Over (Nearer , Not Happened till now) in Favour of Pullback.
Chartically AUROPHARMA, CADILAHC, CIPLA, DIVISLAB, SUNPHARMA, LUPIN Looks Good.
Discl: Any USFDA bad NEWS may Change VIEW (for Above mentioned STOCKS)
As it is Defensive Sector, When NIFTY in Correction / Range Bound Mood.
History suggests PHARMA, FMCG Sectors Shows Pullback Action.
Watch ADX/(-VE)DI Cross Over (Nearer , Not Happened till now) in Favour of Pullback.
Chartically AUROPHARMA, CADILAHC, CIPLA, DIVISLAB, SUNPHARMA, LUPIN Looks Good.
Discl: Any USFDA bad NEWS may Change VIEW (for Above mentioned STOCKS)
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