Sell Wockhardt on rally, says Sandeep Wagle

Sandeep Wagle of powermywealth.com told CNBC-TV18, "The basic view of Wockhardt remains bearish. What we are seeing today is a bounce back and Rs 1,000 will remain a very strong resistance. May be it may even go little beyond Rs 1,000 if at all but then I would use that to exit till it closes very firmly above Rs 1,100-1,150 somewhere around that and it stays there I don’t think the medium-term trend changes. So, in that sense Wockhardt is a sell on every rally."At 15:19 hrs Wockhardt was quoting at Rs 952.35, up Rs 15.70, or 1.68 percent on the BSE.