Cairn India has strong support at Rs 305: Sunidhi Sec

Monal Desai of Sunidhi Securities feels Rs 305 is a very strong base for Cairn India.

Desai told CNBC-TV18, “I saw Cairn India was adding short build-up in the morning so I guess it reacted to some news related to low output. But Rs 305 for Cairn, from what I recollect is a very strong base and the stock should pullback from there. And that’s where the blocks have also happened in Cairn around Rs 305, so that should form a good base for Cairn.”