CAIRN India Limited:
We can see the formation of the triangle pattern in the price movement and the triangle breaks towards downwards. So, now the price is expected to move up to 200 (i.e: height of the triangle). Good choice here now is to go short two lots of Mar future derivative of the stock at 295 and wait for the price to reach 250. (i.e: 45x2(1000)= Rs. 90,000). [Sl: 320]
