Mercator Lines well placed above moving averages: Nirmal Bang

MUMBAI – Nirmal Bang has advised short-term traders to buy Mercator Lines as the stock is well placed above its moving averages.

“Buy Mercator Lines from a short term trading perspective keeping a stop-loss of Rs 58. Huge volumes witnessed and the stock is well placed above all its moving averages. Immediate target could be Rs 65 & 70 in the near term,” the report said.