Parag Doctor of Keynote Capital told CNBC-TV18, "In India Cements Rs 85-86 is where the longer term 200 day average is located and fresh investment buying is recommended above that level only."
He further added, "India Cement has some kind of accumulation pattern which is probably six months old around the Rs 60-65 levels. So, probably the bear market low is made in India Cements and since this fall has been more of a news driven fall and not linked to fundamentals we hope that there could be a recovery and one could exit his/her investments probably at a breakeven kind of level sometime soon."
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