Sell GAIL India, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India has been a sell in our list. It is amazing what is going on with the company. Maybe crude and gas prices are affecting it in some way. However, the charts are telling us lower levels are coming. Charts for most stocks are telling us that lower levels are coming. So, we are only talking about a short-term rally which may or may not come about but is worth finding out. GAIL is a short sell."

At 09:44 hrs GAIL India was quoting at Rs 378.20, down Rs 1.00, or 0.26 percent. It has touched an intraday high of Rs 382.80 and an intraday low of Rs 376.75.