Buy Ambuja Cements above Rs 182; SL Rs 178: Kulkarni

There is a possibility of an upside in Ambuja Cements, so one can buy the stock only above Rs 182 by keeping a stop-loss of Rs 178, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "I would not want to buy into infrastructure market specifically because overall trend is quite weak. We have more than 60% of the index weightages clearly on the short side. Banking stocks, metal stocks are going lower, infrastructure stocks are falling so I think that it is best to wait out even if we want to look at it from an investment perspective." He further added, "From a trading angle there are few stocks which one can actually buy. I would look at Ambuja Cements as well as ACC. These are the only two counters which we see on the Nifty wherein one can actually start building long positions. These are the only two ones wherein we feel that there is a possibility of an upside. Rs 178 would be the stop loss for Ambuja. Buying is recommended only above Rs 182." Disclosures: Yes it is possible that we have positions in the stocks discussed and we have recommended them to our clients.