Glenmark Pharma

                                                              Glenmark daily chart (click on chart to zoom)

 On daily chart, Glenmark is in bull run since last couple of months. Recently it broke out of downward trading channel on 31st oct 12 and now sustaining well above it (as shown with dotted line). Stock is trading near its 52 week high price and also well above its key moving averages. This all indicate that current bullish trend in the stock is likely to continue, but traders/investors have to be cautious while buying this stock at CMP (440) as it is trading at its 52 week high levle. It can be bought for short term target of 470-480 with strict stop loss at 420.

Cipla Ltd

                                                              Cipla daily chart (click on chart to zoom)

 Cipla on daily chart has given breakout from the wedge pattern it formed over last two months giving signal of fresh upmove. Stock also trading well above its key moving averages which may act as a supprts downside if it falls from the CMP. Stock is likely to go up and touch the level of 400 to 420 in short term. Stop loss at 365 recommended.
CMP - 380 as on 5th nov 12.