Go long in Ambuja Cements, Pidilite Industries: Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "Ambuja Cements saw a good decent rally from Rs 185 level to Rs 235 level. From this level, the stock saw some retracement and it retraced to Rs 220. Overall structure for Ambuja Cements is still very bullish and if we see today’s session, the stock has added almost 10 percent shares in open interest which is on long side. So, we are expecting the rally to continue this month also and on higher side, it may touch Rs 244-245. So, at current level, one may go long keeping a stop loss of Rs 225 and target of Rs 240.""Pidilite Industries is trading in a range of Rs 610 and Rs 580 levels for the last couple of weeks. In today's session, the stock has given a breakout, so we are expecting that a short covering can come in this counter and on higher side, it can test Rs 640. So, the risk reward ratio is plainly in favour of buyers. One can buy at current level, keeping a stop loss of Rs 602 and on the higher side, target will be Rs 640," he said.