Profit booking in Cipla seen between Rs 361-450: Ventura

MUMBAI: Bharat Gala, president, Ventura Securities is of the view that one can expect profit booking in Cipla emerge between Rs 361-450 levels.

“Cipla’s trend indicator shows presence of strong up-trend. Profit booking levels are Rs 361-371-388-424-450. Supports are at Rs 342-334-328-318-313.

In case of a strong move the stock will not breach Rs 258. Two consecutive closes below 305 negates the above view,” Gala said.