'Buy Mundra Port at Rs 660, target Rs 740-760, stop loss Rs 640'

In a chat with ET Now, Mithil Pradhan, Market Analyst, talks about the outlook of Mundra Port.

What is your call on Mundra Port? Are you positive on this stock?

Yes. It is in an uptrend; the structure is great. The stock has already moved a bit today. Assuming that the market is retracing and this stock will come down, you should look at something like Rs 660-670 as an entry point for long positions. You can keep a stop loss of about Rs 640 on a closing basis and a target of about Rs 740-760 on the upside. This is a very good stock and I am quite bullish on it at this point of time.