Cipla may test Rs 670-675 in short term: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "Cipla has been a stock where over the last one year we have seen it around Rs 620-640. It has always been a good bet to buy it. There is clearly long-term support zone and I think the stock has already bounced off those levels. At Rs 640, if the market opens a bit weak and we get around Rs 640-642, I probably look at a trading buy keeping a stop loss at Rs 624. Short term target is Rs 670-675."At 10:55 hrs Cipla was quoting at Rs 653.10, up Rs 2.55, or 0.39 percent. It has touched an intraday high of Rs 655.80 and an intraday low of Rs 645.75.