Sell GAIL India, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India confirmed a double top. It is fairly bearish and going back to Rs 275. One should be a short seller and maintain a positional short."

The share touched its 52-week high Rs 396.00 and 52-week low Rs 276.30 on 05 October, 2012 and 24 June, 2013, respectively. Currently, it is trading 25.11 percent below its 52-week high and 7.33 percent above its 52-week low. Market capitalisation stands at Rs 37,616.70 crore. Also Read: Barclays downgrades GAIL to 'underweight'