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, DrReddy, 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.