How to know that Indian Pharma
industry is making a turning around? Have a look at Nifty Pharma
Index. It is above 200 DMA and holding above it, and secondly 50 and 100 DMAs
are crossing on the upside. Then look at the major pharma
stocks such Lupin
, Cipla etc. Most of these stocks, barring a few, are above 200 DMA. So those above 200 DMA should be trading long. More clarity will come by.