Equity Technical Call - Marksans Pharma 28 Sept 2016

MARKSANS (CMP - 53.85)

Short Term Delivery Call 

1. Resistance - 54 and Support at 40.
2. If rises above 55 and sustains position above 55, expected to rise to 68--70.
3. Short Run Moving averages (Daily and Weekly) suggest buying.



Good growth in terms of Revenue and Net Income

4. Week Financials - Not to be held for a long term.

Overall a bullish stock, with expected little correction.

Buy above 55 for Target of 68--70, Book profits and Exit

Stop Loss : 50

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