Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Cairn India gapped down yesterday from a consolidation pattern that suggests more downside. Cairn is not giving clear signals."
"The broad signal in Cairn is of pressure on downside and that downside pressure will continue, it is also not related to what is going to happen today. Therefore, Cairn is a short selling idea, independent of what the Nifty will do," Sukhani added. Also Read: ONGC, Cairn battle over capex of new exploration activities
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