Buy Cipla for the target prices of Rs 335/338/Higher with a stop loss of Rs 327: ICICIDirect

We said, "Closing below previous day's gap-up area indicates a - ve bias ... seek to re-test 200-day EMA" Index opened gap-down. Weakening below 200-day EMA thereafter, it finally ended 281 pts or 1.6% lower. The Metal and Realty Indexes shaved off nearly 3% each, and the A/D ratio worsened to 1:5.

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