Sell India Cements, says Sudarshan Sukhani

Sell India Cements, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "I would sell India Cements. Now there is a caveat – two cement companies are reporting today. So clearly there is going to be some volatility but for India Cement if there is volatility on the upside, which means if you see sharp spikes on the upside, that is an opportunity to take advantage from the spike and go and short it, it is a very weak chart."
He further added, "Ambuja Cement is reporting today but assuming it were not reporting then at Rs 155-156 it has made a double bottom and rallied from there and that suggest that a target of Rs 180-185 is possible. Now what the impact of results will be, I cannot say, just on the charts ignoring the results, it is a buying opportunity because it also has a tight stoploss and it can go to the upper end of its range."