Sell Ambuja Cements on rally: Parag Doctor

Parag Doctor, Head-Trading Strategies of Keynote Capital's told CNBC-TV18, "Ambuja Cements has some kind of support between Rs 160-165. The low today was Rs 162, so there is a chance of a pullback from here. I don't think it is going to plunge straight away below the support that easily."

"However, any rally into the Rs 175-180 kind of mark has to be sold into. So, one can probably reduce positions in the next rally. We have a possible target of around Rs 150, maybe even lower of Rs 145 or so for the stock before it stabilises. So, maybe the new series could see some rally and that would be a point to reduce positions," he said.