Wednesday, 29 October 2008

Cairn India can head upto Rs 136-138: Bose

Technical Analyst, Rajat K Bose is of the view that Cairn India can head upto Rs 136-138. Unless it falls below Rs 105, its current bullishness might actually remain, he added.

Bose told CNBC-TV18, "Cairn India looks pretty good at these levels. If it were to actually stay above this Rs 115-117 kind of levels, then chances are we would see it going up to something like Rs 136-138 range. Once it goes above that then we would have new projections for that. Unless Cairn India falls below Rs 105, its current bullishness might actually remain."

Disclosure: it is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.

Source: Moneycontrol

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