Bose told CNBC-TV18, "In the near-term India Cements has resistance at Rs 200, not just a psychological resistance, it would act as a technical resistance as well because there was a top before it went into a correction around Rs 200 levels. Now let's assume that it would cross Rs 200, then the next target would be something like Rs 215-216 and Rs 220-225 is a region where India Cement finds things really difficult to go further up. So over the medium-term, I really don't see India Cements going beyond Rs 220-225. In the near-term, Rs 200 itself is a strong resistance. So it depends on how you would react. And I quite agree with you that even on the charts it is very difficult to project cement over the long-term."
Disclosure: Most of the stocks discussed today, I have given trading calls on them to my clients in the recent past. But I personally do not hold any of the stocks in my portfolio.
