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Investors with a short-term perspective can buy the stock of NOCIL at current levels.
The stock jumped 8.6 per cent in line with the benchmark indices rally on Monday. It has breached the key immediate resistance at ₹107 on Monday.
The stock has been in a short-term uptrend and hovers well above the 21- and 50-day moving averages. The short-term outlook is bullish for the stock. Targets are ₹118.5 and ₹121.
Traders can buy the stock of NOCIL with a stop-loss at ₹111.
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