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Tuesday, September 6, 2011

Lupin Ltd. CMP—Rs 471.95

Technical Outlook & Trading Strategy:-

The share price of Lupin has registered a break-out above its key resistance level of Rs 465--Rs 466. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.

We expect the stock price to test levels of Rs 488 / Rs 496 shortly. We recommend a buy with a stop loss placed below the level of Rs 460.40

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