Sudarshan Sukhani, s2analytics.com is of the view that one can short sell GAIL. “We have been bullish on Sun TV,” he added.
Sukhani told CNBC-TV18, “GAIL India had been in our sell list earlier also. The stock has done nothing; it made a very mild rally and then after a small consolidation started falling down. It is a low beta stock, so it doesn’t fall dramatically. Whether it falls inch by inch or centimetre by centimetre, the trader still makes money over a few days. GAIL is a short sell, it can also be a hedge to any long positions that a trader has. It is an independent sell. If the Nifty were to start cracking, GAIL will literally have a waterfall decline.”
He further added, “We have been bullish on Sun TV. A small correction in Sun TV, has found a strong support. It is now rallying from that support. So it is a strong share in an uptrend, with very small corrections. There is something going on here, which I don’t understand but we must be part of whatever that is going on. Just like when Jet Airways was Rs 300, we felt that the charts give us some very large opportunity on the upside. Sun TV is doing that now so people should be long whenever they can.”
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