Pharma Sector Analysis K Karthik Raja Rupeedesk Share Market Training - 22.02.2025
Pharma Sector Analysis K Karthik Raja Rupeedesk Share Market Training - 22.02.2025
Pharma Sector Analysis K Karthik Raja Rupeedesk Share Market Training - 22.02.2025
Nifty Pharma Sector Analysis - 22.02.2025
By K Karthik Raja
Key Factors Affecting & Reasons:
- Global demand trends and USFDA approvals influencing sentiment.
- Currency fluctuations impacting export profitability.
- Government healthcare policies and domestic demand supporting growth.
- Rising raw material costs creating margin pressures.
Key Watch:
- USFDA inspection outcomes.
- INR movement against USD.
- Domestic drug pricing policy changes.
- Q4 earnings with focus on margins and revenue growth.
Volume Analysis:
- Increased volumes during recent declines indicate institutional selling.
- Watch for volume spikes near support zones for potential accumulation.
Chart Analysis & Observations:
- Price below 50, 150, and 200 DMAs shows bearish trend.
- Resistance: 21690 (200 DMA), 22044 (50 DMA), 22387 (150 DMA).
- Support: 20300 (recent low); breach may drag to 19800.
- RSI (14) at 33.44: Approaching oversold zone.
- CCI (-162.76): Deep in negative territory, hinting weakness.
- MACD: Bearish crossover with widening gap indicates downward pressure.
Stocks to Watch:
- Positive bias on dips: Sun Pharma, Cipla, Dr. Reddy's.
- Caution on mid-cap pharma stocks until stability emerges.
Market Insights:
Short-term view (1-2 weeks):
- Weak bias unless index crosses 21690.
- Possible relief rally if oversold indicators reverse.
Long-term view (3-6 months):
- Bullish above 22390; targets 23000+.
- If 19800 breaks, caution as deeper correction likely.
Disclaimer: Informational purposes only, not financial advice. Do your own research.
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