The stock showed a continuous up move during the trading hours after breaking its resistance at 1316 and marked a high of 1337. The stock is now facing resistance at 1368 and has support at 1305 which is the 50 day moving average of the stock. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.

R - 1368

S - 1305

Cipla is in short term uptrend and it is now trading at 239.95. In today's trading session it manages to trade above the 10 days and 50 days moving averages. It is looking strong on charts; from this level further upside of movement would be expected. One can go for long position in it at 333 for the target of 350.

R - 333

S - 324

The stock was consolidating during the trading hour and ended on a negative note. The major trend presently in the stock is sideways. The stock is now facing resistance at 1935 and has support at 1870 which is the 50 day moving average of the stock. As the stock closed on a negative note a further down movement can be seen in the stock once it breaks its support level. One may go for selling the stock once it breaks its support level.

R - 1935

S - 1870