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Monday, March 10, 2014

SUNPHARMA



            SUNPHARMA made a double top on very first day of this month. And then it started its downward trend. Today it closed at 599.70 and stopped exactly at the trend line ( Please refer the chart below for better understanding ). Today’s low is at 596. One can initiate a short position
below 596 and set the targets at 590 / 580 and then finally at 570.



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