Watch the interview of Devangshu Datta of Business Standard Reema Tendulkar and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Devangshu Datta's interview with CNBC-TV18.
NMDC is driven by externals. Commodity sector particularly metals seems to have gone bust because of China and NMDC is very strongly correlated to that. You have support at about Rs 132-133 and if that support breaks, then the next support could be in the Rs 123-125 range. However, I would expect the Rs 132-133 to be tested at least.
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