Nifty Pharma - ready for next leg of rally?

Nifty Pharma index is almost at 2016 levels. Mar-2015 was when CNX Pharma was at its all time high which is less than 10% away from the current levels. Waatchout for the biggies like Dr Reddy and Lupin now and then midcaps ones for a sustained upmove across the month.