Parag Doctor, Head-Trading Strategies of Keynote Capital's told CNBC-TV18, "ACC is going to merge into Ambuja Cements eventually and the chart is similar. What we are expecting is that the fall in ACC would be a little more gradual but it is still a sell. In the short-term or medium-term, maybe the Rs 1100-1125 mark is where we expect the stock to head to. It would be a more gradual fall and on the upside stop loss for this trade is around Rs 1225."
"The advice is that on rallies reduce positions and wait for lower levels around Rs 1100 mark before thinking of entering the stock," he said.
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