Sell Cipla, Tata Global Beverage: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Cipla today has actually broken 14-15 month low, I mean broken a gap. That gap was there between Rs 531.10 and Rs 533.50 and it was recorded on September 1 2014 and September 2 low of the same year on Rs 533.50 and that has been broken. That means that this stock and not only that it is happening on a large swing with heavy volume. It shows that it is very weak and can actually slide down further. So, I have kept a target of Rs 513 to about Rs 506 for today and put a stop loss. The stop loss is at Rs 534 just above that gap of Rs 533.50. So, Cipla is a sell." "Tata Global Beverage is a sell. The stock looks pretty bad. In fact it is worse than even Cipla and Tata Global can slide down to something like Rs 108.50, put a stop loss above Rs 119. If you want to add more, IndusInd Bank is headed for further lower levels. Even there you can have a good trade still at current level," he added.