Abhijit Paul of alphative advisors told CNBC-TV18, "Cairn India is one stock which I have been looking for quite some time. Within a wide range it is neither gaining that kind of ground nor actually losing them. If it manages to hold above Rs 315 in the Futures market, we can expect the stock to extend further up on the upside."
"On a very short term point of view Rs 335-340 kind of range is where the targets for the stock are and Rs 290-300 range acts as a very strong support for the stock," he added. Disclosure: Personally I don’t have any position in this stock but my clients across the country may have their individual positions in this stock that we discussed today.
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