Buy Cairn India, says Sukhani

Sudarshan Sukhani, s2analytics.com advises to buy Cairn India at current levels.

Sukhani told CNBC-TV18, “Cairn India- trend is up and it is much wiser to stay with the trend. One should go long. I consider buying Cairn India. It has apparently bottomed out. That is the sign, Rs 270 was its low, it is inching upwards, it is a low beta stock. So the gains in terms of percentage are relatively modest but then the protection on the side of losses is also available. So buying Cairn India is a good idea for today.” He further added, “Cipla is now in some kind of an uptrend after a sharp correction it has presumed its upmove so again today it is not one of these stocks that could be influenced by settlement considerations by Cipla.”