Pharma Sector will still outperform in the July Month even as vaccine not possible till 2021

After the corona market fall, pharma sector is that which outperform better as compare to other sectors in the last two-three months, and from last 15-20 days, it was performing a correction but remember rally is not over.

As today is 11^th July 2020 now Pharma sector is ready to give its performance in the next days of July. Most probably remaining days of July Month will prove the rally in Pharma Sector.  As per 10-07-2020 Nifty Pharma closing 10072.25 i.e 0.85% move is noted in the last working day and if we compare it with the Nifty then we saw 0.42% fall in the Nifty Indices.

Short Term Support Range for Nifty Pharma is 9700-9800 and if somehow it breaks this range then it may go down and will pass time in consolidation but the chance of breaking this range is 10% only and rest depends on the performance and activity of the market.

Sun Pharma, Dr. Reddy, and Biocon may help to lead the rally in Pharma as these stocks are near to complete their short term correction. So Focus on this sector and you find that Pharma is performing in next coming days then you can ride on it with proper discipline and stop loss.

 

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