Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Ambuja Cements has just started a new rally. All cement stocks are doing that – correction, consolidation and a breakout. So, Ambuja is part of that group. However Ambuja is selected for today because it has a slight outperformance possible."
"Adani Ports has been in a trading range, it is coming out of that range. Once a stock comes out of a trading range in a bullish market we want to get into it because it tells us that a new leg of the uptrend is forming," he said.
"Oil and Natural Gas Corporation has been in an upswing after a three day minor correction which it did with the Nifty. It is resuming its upmove."
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
