• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Cairn India May Weaken in Short Term, Due to Drop in Oil Prices, Strategy Short Sell on Bounce

By Bhaveek Patel Leave a Comment

Cairn India Ltd. is in the oil exploration sector, this is one the high growth sector. But in case of CAIRN we feel that there is much more correction left from the current levels. The technical analysis suggests that some correction is likely to enter into this stock. So our advice is to enter short positions below 330 and we are now looking for short opportunities at every up move our profit taking levels are 305 and then 285, stop loss for this trade should be placed just above 340 zone. Current price action is below 200 SMA, 50 SMA and 20 SMA, suggesting very bearish outlook in this stock.
Investors must stay away from this stock and don’t buy until there is any strong bullish signal, but traders can hold their short positions in cairn futures contract. Vedanta is interested in acquiring stake in the company, may raising value to existing share holders.
Cairn India Logo

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. F&O Trading Strategy for Ambuja Cements Stock, What to do for Short term? Ambuja Cements Ltd. is in cement and cement products industry. Ambuja Cements is also the largest cement producer in India. The AMBUJACEM stock seems to be bearish as it has dropped from the 160 levels...
  2. State Bank of India is Trending Down: Short term Trading Strategy, Short Sell SBIN for Target 1818 State Bank of India Ltd. is largest nationalized bank in India, having more than 26,500 branches across the country and about 137 branches abroad, also it has more than 25,000 ATMs, however SBI Group has...
  3. DLF is in Down Trend Since Recession of 2008, Trading Strategy is to Short Sell on Every Bounce DLF Ltd. is the largest real estate developer in India. But since the sub-prime loan crisis in the western countries DLF has moved to its lowest level in November 2009. DLF stock on NSE is...
  4. Buy or Sell Adani Enterprises, Markets are Weaker in short term, Nifty to Weaken Further Adani Enterprises is a key company of India’s leading business group, Adani Group. This company is very well diversified in the Indian market. When we look for stock performance we see very bright future of...
  5. Short term target for 3IINFOTECH stock, Bulls must Return, IT Stocks may Weaken Further 3I Infotech was listed in way back on 22 April 2005, this software firm has grown very steadily in past few years time. Also we are expecting this growth to continue for its long term...

Category: Short Term Stocks Tags: Cairn Future/ Short Sell/ Trading Strategy

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Safe Heaven Stocks: Invest in Hindustan Uniliver Stock When Markets are Uncertain
Next Post: Is HDFC Bank Ready for Bull Run? What Financial Experts says Buy or Short Sell

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean