SELL CIPLA BELOW 592 TG 588/580 SL 600
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The CIPLA is in downtrend and is forming a continuation pattern in short term charts, it is likely to show correction with the breach of the support level of 592, where one may initiate the short position in it for the targets of 588,580 while stop loss can be placed at 600 .22&55 EMA seen as resistance levels on intraday charts . Today, Pharma stocks were the losers .