Sell Cairn India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Cairn India.

Sukhani told CNBC-TV18, "Cairn India went below its support at Rs 320-330 and then it sharply rallied. So, it is a very confusing stock but that rally was found to be wanting. It stopped at its resistance and it has come below its support. So, that Rs 325 level, which was a support, has again broken for the second time."
He further added, "I think the rally was probably a false relief rally or a trap, whatever it was. The trend seems to be on the downside. So, Cairn is a sell and the sense is that it is a sell irrespective of what the Nifty does."