See higher levels in ACC, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "ACC is a very nice chart and we have been upbeat on cement. It has not actually gone up to the extent we would have liked but the important point is, it is going up in a market that is falling clearly. That itself is outperformance and there is some money on the long side.”
He further added, “After a big rally for the last four-five days ACC has been consolidating. It is a small flag and that flag could easily take it to the next leg of its rally. Who knows what the Budget may bring and that is just not technical of course.”