CAIRN India . . .

The Nifty went near to the resistance area of 4440. For tomorrow resistance remains initially at 4440 and then at 4480-4490 levels. Consider 4380 as crucial intraday support and 4315 as support on the daily charts.

CAIRN India has been taking support near the 200 DMA for some time. The range has been Rs 230 and 249 and I expect either side break out, however the bais is towards an upside break ...



Buy on break above Rs 248 with Stop near 229 for a target of 275 and then 283/-... Exit any long if it breaks Rs 229/-

Happy Trading

CA Rajiv D Khatlawala