Ranbaxy (Close 478.10) : from recent high of 539.50 has retraced 23.60% to the level of 473.50, In our opinion Ranbaxy should again should target 511, 536. One can buy this Stock with closing basis stop loss of 471 above 477. If this stock fails to close above 471, there is a possiblity of stock coming down to 433 & 400. So keep strict stop loss.
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