Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We avoid Cairn India and GAIL India or let us say that at some point if the Nifty starts talling we again go and short sell both of them. There are no signs of reversal, there are no signs that the down trend is over."
On Monday, Cairn India closed at Rs 220.75, up Rs 7.45, or 3.49 percent.
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