Hold Mercator, may go above Rs 30: Vishal Malkan

Vishal Malkan of malkansview.com told CNBC-TV18, "There is good consolidation going on in Mercator and some accumulation pattern has been seen with good volumes. So definitely a hold and an important support around Rs 21 levels, so that would be a good stoploss to keep and on the upside we can look at targets of around more than Rs 30 in next six-eight weeks."Mercator ended at Rs 23.70, down Rs 0.50, or 2.07 percent on the BSE.