Hold NMDC, may touch Rs 105-110: Nooresh Merani

Nooresh Merani of Asian Market Sec told CNBC-TV18, "If you look at NMDC it has been on a downtrend for very long time. But in the near term if you look at the short term charts, it has made some base around the Rs 85-88 levels and it has been pulling up from those levels."He further added, "We expect somewhere closer to Rs 105-110 over the next few weeks and that is where one can review to exit the stock. So, I would say a hold at current levels."