Cairn India is looking good for intraday trading. The stock is hovering around its 52-week high and can make a new high in today’s trading session.

Cairn India can be bought around Rs 254 – 257. For intraday, the first target is Rs 262 which should be easily met if the markets open positive. The second target is Rs 267 for the stock. The stock could make can new 52-week high today as Cairn India was among major gainers on Nifty yesterday.

Day Traders should keep a strict stop loss of Rs 251 for the stock. Other stocks from the sector, which look good for investment, include RNRL, GAIL, ONGC and Aban Offshore.