Wednesday, June 23, 2010


MRPL (70.90)

The stock has given a fresh break out with volumes.In the F&O segment the stock has been seeing short covering since the last 2 days.

The stock has given a buy signal for a  target 77 in the short term with a stop loss of 67.

With the Govt planning to go ahead with decontrol of fuel prices the stock is also a very good fundamental investment and can target 110 in the medium to long term.


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All opinions are based on my technical study; however, I do not vouch for the accuracy or the completeness of the matter. I am not liable for any potential damages that may be incurred while acting upon any information mentioned in this report. The views expressed are not of binding nature. The report is intended for a restricted audience & I am not soliciting any action based on it. Please exercise discretion and due diligence in making your decisions. Investments in Capital Markets are not my obligation or guarantee and are subject to investment risks. In no event will I be liable for any damages, including without limitation direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this report or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation even if I am thereof, advised of the possibility of such damages, losses or expenses.