iron ore company-NMDC above 91 will show strong rally tgts 96-103

NMDC future chart NMDC Limited stock is trading at 90+ with 4% plus gains. Stock technically in downtrend but today move is strong reversal sign and if share gives breakout above 91 rupee on closing basis then that will be buy signal for NMDC stock.   On upside 96 and then 103 as major short term resistances as well as target zones for stock.   From long term view, is stock hold 70 rupee bottom support then expect 109 and then 128 as target zones for year 2016.   For future traders NMDC above 91 will be buying opportunity for targets 96 and 103 with stop loss. Option traders keep buy on dips view for 95 and 100 call options on breakout.

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