GAIL India has target of Rs 335: Sukhani

GAIL India has target of Rs 335, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "For the technically oriented GAIL has made a descending triangle, which is a fairly bearish pattern. It portraits an intermediate top. It’s broken down from that. It never participated in any rallies anyway. So a stock that hardly did anything and now says I am getting bearish is a short sell. I am assuming that the immediate target for this should be Rs 335, not for today, but in the few days."
He further added, "Dr Reddys Laboratories is a bit choppy. Intraday it moves up and down and does a lot of silly things which irritate traders, but that’s the way it is behaving. But in spite of all that it’s now willing to make that eventual breakout to new highs. It’s difficult to make call it will do that today, but we should be positioned on the long side, ready to buy it at the slightest signs of momentum."