Buy Cairn India for the target prices of Rs 341/344/Higher with a stop loss of Rs 332: ICICIDirect

Last Updated: Wed, Oct 17, 2012 04:17 hrs

​We said, "Hammer can be positive on follow-up buying 'sustaining' above its head. Lackluster otherwise." After opening gap-up above the Hammer, Index turned unsustainable. Losing 252 pts intra-day, it ended 136 pts or 0.7% lower. Most sectors also ended flat to negative. The Realty Index lost 3%, and A/D ratio turned negative, to 1:2.


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