Keep a stop loss of 255 on NDMC: Vinith Jain, Director, Siddh Capital

Vinith Jain, Director, Siddh Capital, in a chat with ET Now talks about NDMC.

How does NDMC look on the charts?

The stock has sold off almost 50% from its peak and for the past two months, it has been trying to form a bottom at the current levels in a very narrow range. I see some resistance coming at 285. Once the stock moves above that, we will see a pullback rally moving up to 325 or 330. If one is a buyer now, keep a stop loss of 255.