GOLDEN RULES FOR TRADING

Pharma stocks outlook for the week – 08 to 12.09.2014

Pharma stocks outlook for the week – 08 to 12.09.2014

Stocks of frontline pharmaceutical companies are seen trading positively next week
primarily because of continued upward momentum and defensive buying on account of
profit booking in broader markets.

There is a possibility of some consolidation in the broader markets due to profit booking,
because of which shares of pharma companies are seen up.

We also expected to continue its momentum in the sector would drive up
shares across weightage, as there is no reversal pattern seen in the pharmaceutical space.
We are predicting a sideways-to-negative movement for shares of Dr Reddy's
Laboratories Ltd. The Hyderabad-based company could be the underperformer among
the pharmaceutical stocks. The stock is trading near its resistance right now, and is having some trouble breaking further ahead.