Go long in M&M; Cipla can slide to Rs 555: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Mahindra and Mahindra (M&M) is certainly looking good to me. It has seen a good base formation. Even yesterday’s low and today’s low is looking good. Possible target on the upside could be in the vicinity of around Rs 1,400. It may take a day or two for that and I would have stop loss below Rs 1,320 and trade long.""Cipla looks a tad weak. Looks like it can slide down to levels closer to Rs 555 zones. It may take a day or two for that and keep stop loss above Rs 570," he said.