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Sunday, October 12, 2014

12-10-2014 - NMDC



                NMDC closed at 152.65. NMDC has closed with 5.60 % down bar. This clearly shows the weakness prevailing in the stock. As it has fallen too much within four days, it might bounce but on rise
one can go short in this stock for the down targets of 146 and 140. Close below 140, might take it to 135 / 132 kind of levels where it has a strong support zone. One can keep a strict closing basis Stop Loss at 160.



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