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Hold Mercator Lines, says Sukhani

Published on Sat, Nov 21, 2009 at 09:50 |  Source : CNBC-TV18

Updated at Sat, Nov 21, 2009 at 13:34  

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Sudarshan Sukhani, Technical Analyst

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Hold Mercator Lines , says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Mercator Lines is a pure momentum driven stock. I would not sort of try to justify with fundamentals but it is a favourite of speculators. The charts are saying that higher levels are likely. I am looking at Rs 80-85 as a price target, so certainly the idea is to hold on and see how much better can this get, but it is not a long term play."

  

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