Buy Nitin Spinners, target Rs 84: Nirmal Bang

Swati Hotkar, technical analysts at Nirmal Bang, is positive on Nitin Spinners. The expert has advised traders to buy the stock with a target of Rs 84 and maintain a stop loss at Rs 77 in intraday trade. The stock has touched a high of Rs 82 and low of Rs 77.80 so far in trade. The scrip is moving above its crucial moving averages. It has been taking support from its 20-day moving average for the past three weeks.