Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Cairn India is bottoming out. The decline to Rs 270-275 has occurred, pattern targets have been met. It is now chopping around, trying to push higher. I would assume it is going to push higher and while our targets are rather modest because we are looking at very short-term targets. Cairn is more of a positional trade also."
"One can buy calls or buy Futures and if it is working then hold on to it," says Sukhani. Also Read: Helped by Cairn India, Vedanta core profits up 21% at USD 4.8bn
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