Cipla :
(i) Stock is looking good on weekly chart .
(ii) A breakout above 810-820 will attract fresh buying with flag pattern target of 950-1050-1200
(iii) Investors can place stoploss of 10% (730)
(i) Add longs as stock has completed 38.2% Fibonacci retracement at 1800, and can test 2170-2250 above 2030 , Minor resistance around 2065-90
(ii) Technical indicators indicating buy
(iii) Big Hammer on weekly chart indicating further upside.
Nifty
(i) Big breakout with Bullish engulfing pattern on weekly chart
(ii) Above 13430 next Fibonacci Retracement level comes at 123.6%(13594)
(iii) Trendline resistance on weekly charts at 12700-13265, support /Stoploss@12000
(iv) Bullish inverted Head & Shoulder pattern on daily charts with target price of 13500
(V) Traders can start buying@12300 support 12210
Bank Nifty
(i) Minor resistance around 27000
(ii) Above 27000 targets can be 28000-28500-29000 to 30000 in coming days
(iii) Cup & Handle pattern target coming @29400
