The 30-share index Sensex, which closed the week at 15,807.64, on April 11, will experience more ups and downs in the coming week.

Inflation numbers continued to be a sign of worry as it zoomed to three-year high of 7.41 percent for the week ended on March 29. The inflation climbed on the back of growing pressure on RBI to further tighten funds supply in its forthcoming annual credit policy later this month.

As per views of stock market analyst VK Sharma, day traders can purchase Cairn India stock around Rs 241.30 with a stop loss of Rs 234. The target for the day is above Rs 249.

Mr. Sharma also said that the stock pricing becomes more attractive and can reach above Rs 255, if the stock markets remain positive.

The company’s stock, on Thursday (10 Feb), marked its closure at Rs 242.15 on BSE. The total volume of shares traded was 2568406. The share price also touched an intraday high of Rs 244.95 and an intraday low of Rs 229. The stock has seen a 52-week high of Rs 268.5 and a low of Rs 124 on BSE.

Nitin Kunte, technical advisor, Angel Trade stated that the stock markets had a strong

Indian Stocks markets closed with decent gains last week. US Markets received some support from the Fed’s recent rate cut, but the effect may not last for the coming week. The signs of slowdown in US economy have become a cause of worry for investors all over the world.

BSE Sensex closed with a gain of 355 points at 16,371. NSE Nifty closed the week at 4942. Technical experts believe that the stock markets may remain range-bound for next 3 – 4 weeks. The undertone is bearish. There are some signs of buying at lower levels, but markets are not able to sustain at higher levels due to selling pressure.

The BSE Sensex, on Wednesday, ended after making a gain of 161.37 points at 14,994.83, whereas the broad-based NSE Nifty ended at 4,573.95, up 40.95 points.

The 30-share index Sensex opened on a cheerful note with a positive gap of 492.33 points at 15,325.79 following the interest rate cut by US Federal Reserve.

The index traded sturdily for a short period because of buying activity seen across the frontline stocks.

But, the Sensex broke off from days’ peak by losing all its power. At last, it marked its closure positively. It also touched an intraday high of 15,465.81.