Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "GAIL India is breaking from a large support level. It is a very nice short sell for positional traders, for traders this breakdown could take it much lower."
At 10:33 hrs GAIL India was quoting at Rs 375.40, down Rs 2.30, or 0.61 percent. It has touched an intraday high of Rs 378.45 and an intraday low of Rs 370.10.
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