Go long in Ambuja Cement, ACC: SP Tulsian

SP Tulsian, sptulsian.com has adviced traders to go long in Ambuja Cement and ACC. Traders can also go short on Union Bank, Oriental Bank of Commerce, Dena Bank and Bank of India.

Tulsian told CNBC-TV18, “From trading point of view I will rather prefer to go with the cement stocks and in fact I will go with Ambuja Cement and ACC both. In the midcap segments you can choose to go with stocks like Prism Cement, Heidelberg or may be Mangalam Cement at the lower level. So, those are the ideas to go long in the cement sector.”
He further added, “I will go short with the PSU banking basket in which I may include Union Bank, Oriental Bank of Commerce, Dena Bank, they are looking the ideas where one can really go short. One can even add the Bank of India also, even that looks quite weak in that space.”