Exit Cipla at around Rs 560, says Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "Cipla is making lower tops and lower bottoms. It is trading below the 50-day moving average. Possibly we may see further downside. The stock is trying to make some base near to Rs 510 but looking at the pattern, I think on any bounce back near to Rs 560, one should exit from position in Cipla and can switch to Lupin because Lupin is looking strong on the charts.""Lupin has taken support near Rs 1,680 and now it has some resistance near to Rs 1,900. However, looking at the pattern, I think it can break that resistance. It can come up to around Rs 2,100," he added.