Cairn India

Cairn dips on fall in cude price

Posted by : MMB Messenger
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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At 12:27 pm, Cairn India was quoting at Rs 238.90, down Rs 9.15, or 3.69%. Crude prices has slipped below USD109 per barrel. It is trading at 22-week low, reports CNBC-TV18. It was trading with volumes of 292,125 shares. Yesterday the share closed down 0.34% or Rs 0.85 at Rs 248.05....

Cairn India - Buy

Posted by : retrobroker
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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crude tanking to 80$ is unlikely...atleast in the near term....crude at 109....loooking string atleast not headed below 107 in the near term....also there is trong resisitance for this stock at 220 levels.. and strong buying interest will come in at those levels.......

In reply to:

Cairn India - Buy

Posted by : vam_aru

If crude tanks to 80 $ , then it will start to trade at it's IPO level or little bit more ....

Regards
Aru

Cairn India - Buy

Posted by : Guest
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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Crude will not fall below 100 $ , besides it has also a support at 105 $ for the short term. And dnt wait for CAIRN India to be quoted at it\\`s IPO price. U can accumulate it at current levels of 230-240 with a target of 270-280. . .!!...

In reply to:

Cairn India - Buy

Posted by : vam_aru

If crude tanks to 80 $ , then it will start to trade at it's IPO level or little bit more ....

Regards
Aru

Cairn India - Buy

Posted by : vkk43
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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Thanks. It is OK with me. ...

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Cairn India - Buy

Posted by : vam_aru

My view is that if crude comes to that level, I'm not the expert on Crude oil trade.

Regards
Aru

Cairn India - Buy

Posted by : vam_aru
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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My view is that if crude comes to that level, I'm not the expert on Crude oil trade.

Regards
Aru...

In reply to:

Cairn India - Buy

Posted by : vkk43

Crude at around $ 80 when do you expect?

Cairn India - Buy

Posted by : vkk43
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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Crude at around $ 80 when do you expect?...

In reply to:

Cairn India - Buy

Posted by : vam_aru

If crude tanks to 80 $ , then it will start to trade at it's IPO level or little bit more ....

Regards
Aru

Cairn India - Buy

Posted by : vam_aru
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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If crude tanks to 80 $ , then it will start to trade at it's IPO level or little bit more ....

Regards
Aru...

In reply to:

Cairn India - Buy

Posted by : retrobroker

sure dat makes sense...plz dnt get me wrong.. i meant from a trading prespective.....a 247 - 248 range buy is on the higher side... and dosent leave much upside for this stock in the near term.......long term sure to outperform....but sure to see a 230 range soon as crude dips below 110$......THIS STOCK FOR NOW.. HAS A PERFECT CORRELATION WITH CRUDE..u can see the charts.. its a pure crude play for now...

Cairn India - Buy

Posted by : vkk43
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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Thanks for your views and msg....

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Cairn India - Buy

Posted by : readarticle

The company is good and sitting in huge reserves. Next year will be gold mine compared to what it is today.
but in near term its headed towards 200 levels as crude has fallen down to 100 levels.

Cairn India - Buy

Posted by : readarticle
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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The company is good and sitting in huge reserves. Next year will be gold mine compared to what it is today.
but in near term its headed towards 200 levels as crude has fallen down to 100 levels....

In reply to:

Cairn India - Buy

Posted by : vkk43

I fully endorse your views. Level of 220 is possible in near term.

Cairn India

Posted by : flashstock05
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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Kindly distinguish between nifty supports and nifty buy or sell recommendations. When nifty fluctuates by 2-4% in a day no support of 30-40 points could held. These are only indicative and once the support gone next support has to come. Since we only give key support closer to the closing nifty future range, these would not hold good in case of huge gap down or up or nifty fluctuating 100 points. Due to site load many a times we face problem updating our page during market hours, so datas posted last night remain as it is. Today it was buy recommendation over 4370 which it rallied to 4500+ .....regards flashstock05...

In reply to:

Cairn India

Posted by : Guest

Hi Sir,

Happy that you came back to MMB. Sir but one thing noticed is that even your nifty support predictions and stocks all failing..

It\\`s very sad to see that. You have build good credibility over the years. I sincerely wish that you take that to new levels.

Even when your nifty levels breaks you don\\`t seems to appearing on MMB and providing the updates. What happnd to you sir??

Thanks
Karthik

Cairn India - Buy

Posted by : vkk43
Price when posted : BSE: Rs 233.75 ( -5.76 % ), NSE: Rs. 233.85 ( -5.76 % )

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I fully endorse your views. Level of 220 is possible in near term....

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Cairn India - Buy

Posted by : retrobroker

perfection correlation to crude.. for all the analysts who had given a Buy call at 245.... :)....hard luck... traders can still exit this stock for near term and then reenter at 220 levels..

CAIRN INDIA

Posted by : vk6495
Price when posted : BSE: Rs 234.05 ( -5.64 % ), NSE: Rs. 235.00 ( -5.30 % )

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As the Crude oil prices have corrected today significantly , so did the Cairn India prices. Now when will an upward trend start in Crude and Cairn. And what will be the target for Cairn....

Cairn India - Buy

Posted by : retrobroker
Price when posted : BSE: Rs 234.50 ( -5.46 % ), NSE: Rs. 235.00 ( -5.30 % )

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perfection correlation to crude.. for all the analysts who had given a Buy call at 245.... :)....hard luck... traders can still exit this stock for near term and then reenter at 220 levels.....

In reply to:

Cairn India - Buy

Posted by : vkk43

Yes I hold the same view for trading purpose, its buying should be around 230/- only so as to get some margin for safety. Crude as per report is likely to come down to 100 $ in short term.

insider story?

Posted by : Ande4u
Price when posted : BSE: Rs 234.80 ( -5.34 % ), NSE: Rs. 234.00 ( -5.70 % )

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can any body tell me why this stock is goin down.... while all other in Oil...

Kalwani:Only 4% stock in RETAIL hands

Posted by : viperexpress
Price when posted : BSE: Rs 234.40 ( -5.50 % ), NSE: Rs. 231.50 ( -6.71 % )

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I wonder what is the implication of that. Stocks which are heavily owned by promoters are very tricky on charts....

In reply to:

Kalwani:Only 4% stock in RETAIL hands

Posted by : g_kalwani

2 Sept 2008 Only 4% stock in RETAIL hands; retail includes indian corp
and indian public. 96% are waiting for
a kill and have already taken foothold
in Cairn. Kalwani