Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "I guess at Rs 180-181 Ambuja Cements is a good buy. We feel Rs 176 should be the stoploss. This is a trading bet but those analysis is an entire sector shift which will happen because we should take 10 days to expiry for this September contract and we are expecting that Nifty might top out close to 6,050 or the expiry can be closer to 5,850 to 5,800."
"Based on that we are expecting the sector shift rollovers to happen. The trading call would be LIC Housing Finance which is at Rs 190 with a stoploss of Rs 184 and we are expecting Rs 210 on that," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
