Sell Marksans Pharma on rise: Nooresh Merani

Nooresh Merani of Asian Market Securities told CNBC-TV18, "Marksans Pharma had a very strong rally all the way up till Rs 100-110. We had a lot of resistance around that point and post that, we have seen a sharp fall with very huge volumes from Rs 90 to Rs 50 levels. And since then, it has been a sideways train in the extreme short-term.""Overall, the long-term trend is also now down. So, I suggest there could be some brief pull-backs to Rs 50-55 and that is the point of time where I would suggest an exit out of this counter. So, I would say any rise to Rs 50-55, it is an exit," he said.