Buy cement stocks: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy cement stocks barring Ambuja Cement, ACC.

Sukhani told CNBC-TV18, “Cement has been in our buy list. I have recommended that cement is now bottoming out. We had a stock called Madras Cement which is giving us a very attractive chart pattern on the upside. It might be worth looking at other cement companies rather than just ACC and Ambuja. ACC and Ambuja both suggest higher levels are coming over next week. If one is wanting to park some money as a position trade, as a 5-7 day trade in equity markets, cement companies are worth looking into.”