Nahar Exports has support at Rs 92

Mohindar told CNBC-TV18, "Nahar Exports is hardly ever sustained above in triple digits, so that is something to keep in mind. So, there is a whole lot of  resistance in this Rs 100-110 zone. The stock has never cleared Rs 110 infact. It is only if it clears Rs 110, I would be willing enough to put a price target of Rs 140 on a  medium to long term basis, but until Rs 110 really crosses one doesn’t see a new rally stepping in. One needs to hold on to the stock, if he/she wants to give it a chance to clear that level but keep in mind that Rs 92 is a good support, so that is a stoploss that we need to use."

Disclosure: Analyst has recommended the above stock.