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niftytrader
Sep 11, 2019 3:31 PM

NMDC : Short on bounce Short

NMDC LTDNSE

Description

It is a very weak chart
trading within 10 pct of all time lows
The china trade war is having impact on international commodity prices and hence this is getting impacted.
The fall from 105 to 75 recently was very sharp and stock needs to make a base
to build any longs from here.
It is a sell on rise or at best avoid for long players
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