Marksans Pharma may test Rs 48: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "As far as the technical picture for Marksans Pharma goes, I would say that the intermediate downtrend, that has been broken and there was a beginning of an intermediate uptrend. Two days back, around Rs 48 plus, it started falling. This is a sharp correction, but today once again it has recovered the loss ground; almost 40 percent of the total fall from Rs 48 to close to about Rs 40 has been taken care of."

"I would suggest to put a stoploss below Rs 40 and continue to hold on. I think once again it will test those levels of Rs 48 or even further, perhaps Rs 50 could be there going forward. At that time, one may exit, but not at current levels," he added.