Cairn has formed a ghost on the CCI in weekly charts. It has also bounced from long term trendline supports. Wort buying and holding for target of 360-375 in the medium term. With Vedanta and Essar trying to buy stake, can take it up.
Thursday, December 30, 2010
Cairn Weekly chart
Cairn has formed a ghost on the CCI in weekly charts. It has also bounced from long term trendline supports. Wort buying and holding for target of 360-375 in the medium term. With Vedanta and Essar trying to buy stake, can take it up.
Friday, December 24, 2010
Nifty weekly charts
The weekly chart shows Nifty in upward channel. If the lower trendline support is held then we can see upmove to 6300 levels. CCI is still in buy mode. We may see the upmove happen in January and before budget.
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