Feb 08, 2013, 11.15 AM | Source: CNBC-TV18
Short GAIL India on rally, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, " GAIL India rallied from Rs 330 to Rs 390 and we felt that the uptrend is starting and it crashed down back to Rs 330-335. What is going on is difficult to say and difficult to answer but the stock is a short sell. Any rally should be used to go short."
At 09:44 hrs GAIL India was quoting at Rs 336.35, up Rs 0.70, or 0.21%. It has touched an intraday high of Rs 337.60 and an intraday low of Rs 335.
The share touched its 52-week high Rs 401 and 52-week low Rs 303.10 on 16 February, 2012 and 18 May, 2012, respectively. Currently, it is trading 16.12% below its 52-week high and 10.97% above its 52-week low. Market capitalisation stands at Rs 42,665.24 crore.
Religare is bullish on GAIL India has recommended
Competition Commission has ordered an investigatio
Net Sales are expected to increase by 9.1 percent
Mitesh Thacker of miteshthacker.com recommends sel
IL&FS Engineering has bagged a Rs 165-crore pipeli