MRF may test Rs 13800-13900: Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "MRF is one of the very few ones wherein probably traders can hold on to their long positions. At least in today's trading session, the price activity as well as the volume activity suggests that the stock may outperform the broader market but there are very few stocks like this and if market bias is negative, I think the position size for those stocks wherein one wants to have long positions should be significantly reduced. MRF can be one of those."

"On the upside, MRF can probably move towards Rs 13,800-13,900 but the position size should be quite small, the stoploss for the trade is quite deep at around Rs 12,900 levels," he said. Disclosure: It is possible that we have positions in the stock discussed and we have recommended them to our clients.