kotak securities | www.kotaksecurities.com | outlook of the cement pack

kotak securities | www. Kotaksecurities. Com | outlook of the cement pack

The cement sector is still in the preparation mode and we are like going to see a heap of more moment because it’s very tough to sell in this particular space. We have seen good correction in the past 3-4 days. We have seen unexpected recovery which has even crossed the former highs for stocks like acc. So, whenever there’s a preparation mode, we at all times have to be with the high momentum stock.

In that space, i am at all times bullish on acc. We will have to at all times look for this particular stock to sell even for investments on declines. From the midcap side, we can look for ultratech, which is currently trading at rs 1,100-1,120 with a target of around rs 1,200 on the higher side with a stop loss of rs 1,070-1,075 on the lower side.

Posted by musicking on Nov 4 2010. Filed under Business news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry