Go long in Cairn India , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Cairn India charts are excellent. These small blips will keep on continuing. It rallied and opened significantly higher. It has given up some of these intraday gains but the fact is that Cairn is up almost 40%. It is up in a very steady up move. So I don't have any questions on Cairn. This stock itself is doing wonderfully. Anyone who owns it must hold it as investment rather than as a short term trade. Trading should be done only on the long side."
He further added, "ADAG stocks, I would advice caution. The reason for that caution is that it is not necessary that assuming the Nifty keeps on going up slowly-steadily with some corrections in between, it's not necessary that all the stock of the broad market will participate in this rally. A lot of them have already done their bit. So, they are going to correct, they are going to go through deep sudden declines, consolidations and ADAG group can well do that. So it's too risky now to take a long position in ADAG group stocks. Actually it was risky even earlier."
