Cipla Ltd stock is trading down by 3% at 579. The stock is a top loser in F&O segment. The stock today tumbled below major support of 589 and now is in a downtrend. On downside CIPLA stock support zones are 560 and 533 and these will be target zones for short sellers. On the upside, CIPLA now has strong resistance levels at 589 and 600. Future traders with short positions keep trailing stop loss in the system and expect 560 and 533 rupee targets on the downside. Options traders can use CIPLA 590 put options as a buy on the decline with stop loss for short term gains. Today CIPLA 590 put options premium rallied from low of 5 rupees to a high of 22 rupees. CIPLA weekly chart showing strong support zone around 560-565 which will be investing level with stop loss for medium to long term targets 660.For intraday tips on WhatsApp with live support and follow-ups join our .