MLL - ready to sail . .

The Nifty remained more or less range bound today and the intraday bais was downward. No doubt, my intraday participants would have traded well today too though the profits may not have been phenomenal.

MLL (Mercator Liners) is one midcap stock which seems to have 'bottomed' out. It has tested support at Rs 42 in the past and rebounded.

At the current juncture, it took support again at Rs 42 nearabout levels and is currently quoting at Rs 47/-. A break above Rs 48/- should given the necessary fillip.



Buy on break above Rs 48 with a stoploss near Rs 44 for a target near to Rs 55/- in medium term.

The option trade which we discussed in my 'Practical Options trading' course yesterday - moved exactly as discussed !

Happy trading !

CA Rajiv D Khatlawala
www.investogyan.com