Moneycontrol
Apr 01, 2016 03:09 PM IST | Source: CNBC-TV18

Buy Century Textiles, ACC, Ambuja Cements: Manish Hathiramani

Manish Hathiramani, Proprietary Trader & Technical Analyst at Deen Dayal Investments recommends buying Century Textiles, ACC and Ambuja Cements.

Manish Hathiramani, Proprietary Trader & Technical Analyst at Deen Dayal Investments told CNBC-TV18, "My first buy is on Century Textiles and Industries for a target of Rs 570 and stop loss of Rs 505. The level of Rs 530 was the resistance on the stock; we are trading above that level right now. We have entered a medium-term bull trend which could also see levels of Rs 600."

"The second buy is on ACC for a target of Rs 1,430 and stop loss of Rs 1,350. The level of Rs 1,345 to Rs 1,350 are the levels to watch out for. We have comfortably crossed those levels. This is another example of a stock to monitor very closely for good upmoves. Potential targets of Rs 1,480 to Rs 1,500 cannot be ruled out," he said.

"The last buy is on Ambuja Cements for target of Rs 250 and stop loss of Rs 220. We have broken out of a very decisive range which was Rs 185 to Rs 210. Humongous volumes have encapsulated this stock around the Rs 210 levels which is also a very bullish indicator."

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