Buy JK Tyre, target Rs 92: Swati Hotkar

Swati Hotkar, technical research analyst at Nirmal Bang Securities is positive on JK Tyre & Industries. The technical expert has advised traders to buy the stock with a target of Rs 92 and maintain a stop loss at Rs 84 in intraday trade. The stock has hit an intra-day high of Rs 86.65 and low of 82.90 in trade so far. The stock has breached its 100-day moving average and now faces its 200-day moving average at Rs 95.20.