Short Cipla, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Cipla is not a buy because it is trading below Rs 630 and probably it is headed for further lower levels of Rs 613 to about Rs 610. If it were to take support there and post a bounce back then it may be considered. But as of now, definitely not a buy. If anybody is holding a short position, should continue with it with a stop loss above Rs 630."Cipla closed at Rs 622.45, down Rs 16.70, or 2.61 percent. It has touched an intraday high of Rs 645.00 and an intraday low of Rs 614.35.