Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Maybe, Cairn India is bottoming out. It is quite possible, but it is not in my buy list. What is in my buy list is GAIL, NTPC and a much bigger stock, Reliance Industries. Reliance, if you see the charts, it is just on the verge of a significant breakout. It has been outperforming and I would be long in Reliance, it is a preferred choice."At 13:09 hrs Reliance Industries was quoting at Rs 980.85, up Rs 4.95, or 0.51 percent. It has touched an intraday high of Rs 986.90 and an intraday low of Rs 973.40.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.
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