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

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.