Marico may go long.

Marico today tested the resistance at the 350 with a high price of 350 but closed at a loss of 1.5 even after a gap up opening. Given the current comparisons that the stock is facing with the market capitalization of Ruchi Soya, speculation in the market might have been possible. The total movement of only 4.5 which is a mere 0.012% of the opening price and a smaller volume traded of only 2.896M shows lower levels of market sentiment in this fall and may point towards the stocks pushing through the 350 resistance barrier.

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