ACC and Ambuja Cements may rally 4- 5%, says Aditya Agarwal, Sr. Derivative Analyst, Way2Wealth.
Agarwal told CNBC-TV18, "For cement stocks, I would hold with my long positions. We have already seen that most of the cement counters have broken their all time high and they are trading at all time high levels. But this level also we are seeing lot of buying interest. Any intraday correction in cement counter it is being used to make long positions."
He further added, "We are expecting that this rally may continue for some more time. Fresh long position is not advisable but the players who are having long positions they can hold on with their positions keeping a trailing stop losses. We are expecting that cement counters particularly ACC and Ambuja both these counters may see another rally from 4-5% in this week itself."
