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Last Updated : Aug 07, 2015 04:42 PM IST | Source: CNBC-TV18

Nitin Fire Protection may test Rs 58-60: Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Nitin Fire Protection may test Rs 58-60.

Rahul Mohindar of viratechindia.com told CNBC-TV18, "Nitin Fire Protection is a stock which has broken out more from a long-term perspective and when we look at this we think there is another 15-20 percent left on it. But again I won’t we willing to get in unless you have a clear stop loss here. So, with Rs 45 stop loss, we still think we can move to levels like about Rs 58-60."

On Friday, Nitin Fire Protection Industries closed at Rs 46, down Rs 1.60, or 3.36 percent. It has touched an intraday high of Rs 49.70 and an intraday low of Rs 44.70.

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First Published on Aug 7, 2015 04:42 pm
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