The run up in the market in 2012 has been very sharp, beating all expectations due to heavy FII inflows. This could be followed by some correction / profit booking.
Watch the overall movementum of the market and buy on dips.
Thank you for your query on "Mercator". Platinum member "suresh_esg" has recently posted a message on this stock. Hope you find this useful.
"Most investors might have missed it when quoting at 16 levels expecting it go down further and some others might have sold it around 21,25 and 27 levels. This is market and it can surprise us either side!!!!
Always hold good stocks and never sell the entire quantity!!!!"