Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "Voltas has seen strong momentum in the entire series. It is a up by around 6 percent. In fact at higher levels we are adding built up of long positions. On last trading sessions, the stock has added open interest by 12 percent with positive price action. It is continuously moving upwards and making higher tops higher bottom formation. It has surpassed immediate hurdle of Rs 289 zone and because of that fresh momentum cannot be ruled out in the counter. Recommending to go long with a stop loss of Rs 286 for the upside target of Rs 305 to Rs 308.""I will suggest to go long on selective cement counters. UltraTech Cement is one of the outperformers in the entire space. We have seen a fresh built up of long positions and it is trading at new lifetime high territory. We have seen fresh built up of long positions and fresh short covering and the strong price pattern may take the stock to Rs 3,500 levels. So, recommending to go long with a stop loss of Rs 3,333 for target of Rs 3,500 zone," he said.
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