Technical Analyst, Ashwani Gujral is of the view that Cairn India can test Rs 300-360.

Gujral told CNBC-TV18, "Cairn India is the strongest stock in the market and we have been recommending it on those weekend shows. I think Rs 240 is a good support. The stock is trading at new highs, one could easily see levels of Rs 300 and 360 if USD 200/bbl on oil is correct and probably Cairn India will do much better from here."

Disclosure: It is safe to assume that analyst and his clients may have an interest in the above stock/sector.