Short Cairn India, says Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that traders can short sell Cairn India. It had a small trading range and it has broken down from there. That breakdown usually brings it lower. So there is some momentum on the downside, he adds.

May 13, 2013 / 11:05 IST

26 Aug, 2025 12:21

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Cairn India is a short sell but only for day traders for whom we are giving these suggestions today, tomorrow maybe two-three days. It had a small trading range and it has broken down from there. That breakdown usually brings it lower. So there is some momentum on the downside. For anyone building a position, Cairn India should not be considered. However, for traders, it should be.

At 10:43 hrs Cairn India was quoting at Rs 305, up Rs 0.80, or 0.26 percent. It has touched an intraday high of Rs 305.75 and an intraday low of Rs 302.30.

first published: May 13, 2013 11:05 am

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