Technical Report : Cairn India limited 07.04.2008

[K.Karthik Raja]

Cairn India Limited
Segment: EQ NSE Code: CAIRN
Paidup Value
10 Face Value: 10
Market Lot: 1 ISIN Code
INE910H01017 Listing Date
09-JAN-2007
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Cairn is consolidating in a range of 200-240 levels in last few
trading sessions.Delivery position is increasing daily says a
potential volume may drive the stock for long term investment.The
Investors are advised to accumulate the stock in the range of 200-230
levels for an Long-term target of 311/328/359/400.Cairn has the Strong
support @ 175-190 levels.
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Today Stock Movement

High: 232.60 Low: 222.60
Open: 228.00 Value: 65.11 Cr.
Volume: 2858089 10-day Avg. Vol: 6706452

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Stock Performance
52-Week Range (Low - High) : 123.55 - 268.90
Circuit Filters For Next Day: No Circuit Filters
STOCK PERFORMANCE
0.78% in 1 Week
3.62% in 1 Month
72.54% in 1 Year
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Moving Average for the cairns
SMA-7: 224.75 SMA-13: 220.11 SMA-26: 222.12 SMA-50: 213.38
SMA-200: 192.26
EMA-12: 222.92 EMA-26: 220.62 EMA-50: 218.57 EMA-200: 196.16
MACD: 2.30

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Volume (last/ 5 day average): 2858000 / 7299000
- 5 day RSI: 54 - no indication.
- 14 day RSI: 53 - no indication.
- Williams % R(14): 78 (summation factor 100)
- Average Directional Index ADX: 15
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F&O check
Current month futures for CAIRN closed at 226.10 (Rs. 0.25 PREMIUM)
with a turnover of Rs.

115.66 Crores.Sheds 341250 shares(-6.96%) in open interest bringing
down the open interest to

4561250 shares
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Commentary For Trading/Invesment:
2 day swing: Buy given @ 229. Hold with SL 221
5 day swing: Buy above 237
20 day swing: Buy Cairn @ 225. Hold with SL 188.
Investment : Buy strictly 237 SL 175 Target 311/327/359/400.
All long positions in the stocks should be protected with a stop loss
placed below mentioned levels on a closing basis.

K.Karthik Raja
Research Analyst
www.kences1.blogspot.com