Sell Cairn India below 293 levels: Mitesh Thacker

In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, gives his overview on markets.

ET Now: What is your call on Cairn India?

Mitesh Thacker: Cairn India is a stock which has turned weak of late despite showing good strength couple of weeks back. I would wait for some kind of confirmation. So, sell the stock below 293 in the spot markets and look for price targets of 270 and 305-304.5 should be the stop loss.