NIFTY PHARMA CNXPHARMA - Shows positive divergence while it has been in downfall since sometime. Pharma can be a good theme to play for next 12-18 months
Pharma index completed its impulsive rise in April 2015...Since then it has been showing a well confined correction which appears like a tripple zig zag. The correction seems to be over and we have a small impulse....Buy it traders with a small stop of 9770....as the rewards could be amazing...