WOCKHARDT PHARMA – Short Term Trading View

WOCKHARDT PHARMA – Short Term Trading View

We have been recommending IT and pharma stocks since last few months on the back of the correction as defensive plays and currency depreciation beneficiaries as well as a technical bounce back/upside correction plays. Wockhardt is also one of the high flying stock which is a high volatility stock when it starts moving. Call options, futures or intraday spot can be used to trade on the long side. CMP is 660 and 100 rupee or more move is expected in few days.   

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