As Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 1159-57 Level then Possibly it will test 1120-1100 Level if you are ready to take Risk then Go with Option Trading.
Buy CIPLA AUG 1130 PE Near 17-18, Sl 13, Target 30,35 Time Frame 5-7 Days Investment - 11700 Maximum Loss - 3250 Profit upto = 11000