Positive on MRF from a medium-term perspective: Devang Visaria

Devang Visaria, Chief Strategist, Devangvisaria.com, in a chat with ET Now talks about MRF.

Devang Visaria, Chief Strategist, Devangvisaria.com, in a chat with ET Now talks about MRF.

Why a buy on Bajaj Hindustan, a buy on Satyam Computers as well and a buy on MRF?

MRF, we are positive on it from medium-term perspective. A big support coming in at around 7000-7100 range. So with a stop below that, we are looking to play long and look for targets of closer to 7500 plus for MRF. Sugar, they have bottomed out at these levels and you could possibly look to accumulate sugar stocks. We think sugar should do well over the next two or three weeks. So on a positional basis, one should look at accumulating sugar stocks.
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