Mercator Lines can test Rs 65: Thacker

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Mercator Lines can test Rs 65: Thacker

Mercator Lines can test Rs 65, says Mitesh Thacker, miteshthacker.com.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Mercator See messages about Mercator Mercator BSE | NSE 10/02/12 Are Mutual Funds betting on Mercator?

Mercator Lines can test Rs 65, says Mitesh Thacker , miteshthacker.com.

Thacker told CNBC-TV18, "Mercator Lines gave a very strong price action yesterday. It also managed to get pass its 200 day moving average, which it had failed in the last couple of occasions. Good build up in futures open interest segment as well as good jump in delivery volume numbers."

He further added. "The stock will probably held towards targets of Rs 65 and above over the next few days but I have bought it with a day price target of Rs 58.30."