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Stock of the day: Buy NMDC Ltd For Target Rs.139 By Religare Broking
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NMDC Ltd
* Among the sectoral pack, the metal index is currently holding strong while others are trading mixed
* In line with the trend, NMDC has rebounded strongly in the last six months and formed a fresh buying pivot.
* Indications are in the favour of retesting the previous swing high around 140 levels soon.
* We thus recommend creating fresh longs in the mentioned zone.
Buy NMDC Ltd CMP: 128.60 Range: 125-127 SL: 120 Target: 139
Technical Chart : Daily
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