Cairn India: 210-220 May Be A Big Hurdle Despite "Sweetened offer" From VEDL; Cairn Has To Shale Out $1.70 bln Beside Giving Access To Its Huge Cash of $3.5 bln Amid Various Legal Battles

Trading Idea: Cairn

CMP: 194

Sell either around 200-210 OR on rise around 220-230;

TGT: 189*-178-170*-160-150*-140-130*-115-110-105* (1-6M)

TSL> 215 OR > 235

Note: Sustaining above 215, Cairn may further rally towards 220-230 zone, which is again a strong resistance area and consecutive closing (3 days) above 235 zone, it may further rally towards 245*-255 & 262*-270 and 288-305* area in the near to mid term (alternative bullish case scenario from the current trading level).

Any one, holding long position in the scrip, may watch 189-183*-178 zone for any positional support.

More inputs to be updated later----

Analytical Charts: