Jun 22, 2012, 06.28 PM IST | Source: CNBC-TV18

India Cement has good support around Rs 78: Tulsian

India Cement has good support around Rs 78, says SP Tulsian, sptulsian.com.

India Cement has good support around Rs 78, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “I will keep my negative stance on Century Textiles and JP Associates because if you see the quantum- and I do not think that the technical positions which we have seen in last one week or so has got unwound.”

He further added, “In case of ACC and Ambuja Cement we are seeing strong grip of either the short-term traders and this morning ACC was holding at about Rs 1,230-1,235 so maybe the short-term technical forces are trying to rule or maybe holding the damages not to allow to get extended in case of ACC and Ambuja Cement but that may not happen in case of JP Associates and Century Textiles. So maybe negative view on these two and India Cement maybe at Rs 78 which is seen to be a good support for the stock and the stock has been witnessing good buying for last week or so ahead of the CII order can also be considered for creating a long at those levels.”

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1688.81 -6.90 -0.41%

20311

Bought today

24385

Sold today

0.24%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.