Above Rs 135, Cairn India may test Rs 175-180: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "If you cannot hold on into a correction which means that if you cannot say 15 points off of Cairn India, then one swing is over. But my sense is that even if it does correct, it may not break Rs 135 and the next rally would take it up to Rs 175-180. There are some people who are willing to live through corrections, there are others who are not. So, if you are not willing to live through a correction on any stock, right now is the time to get out because below 7,400, there will be some acceleration."At 13:03 hrs Cairn India was quoting at Rs 147.75, down Rs 1.95, or 1.30 percent. It has touched an intraday high of Rs 149.30 and an intraday low of Rs 143.90.