Above Rs 128, Mercator Lines can touch Rs 146

Technical Analyst, Ashwani Gujral is of the view that above Rs 128, Mercator Lines can go upto Rs 146.

Gujral told CNBC-TV18, "I’m not too comfortable on midcap banking although midcap idea if you want is probably is Mercator Lines support at Rs 96 could head upto Rs 128 and then Rs 146."

He further added, "We have the Great Eastern Shipping and all these stocks are probably related to crude as well. So Great Eastern Shipping out there we are expecting the levels of about Rs 560, so these are pseudo crude plays. Broadly Shreyas Shipping and Varun Shipping in these smaller lot but Great Eastern and Mercator Lines are the stocks, which we are fancying."