Sell Gail on rally: Anil Manghnani

Sell Gail on rally, says Anil Manghnani of Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Oil & gas stocks become sell on rally, they are so weak especially Reliance that has collapsed from Rs 1,050-1,060 all the way to Rs 900 maybe Rs 930 the first range and then Rs 960 but if it comes closer to Rs 960 it becomes again a sell, there is a lot of headway. I think eventually Reliance will take out Rs 885 low of the last couple of months and maybe head closer to Rs 855.